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JLR Develops Heated Steering Wheel Alert
5/31/2019Jaguar Land Rover Ltd. is developing a “sensory steering wheel” system that could supplement audio and visual driver alerts.
FCA’s Manley Sold $3.5 Million in Shares After Renault Bid
5/31/2019CEO Mike Manley sold 250,000 shares in Fiat Chrysler Automobiles NV on May 28, one day after the company announced its offer to merge with Renault SA.
Uber Posts $1 Billion First-Quarter Loss
5/31/2019Ride-hailing service Uber Technologies Inc. reports a net loss of $1 billion in January-March, its first quarter as a publicly traded company.
Trump Imposes 5% Tariff on Mexican Imports
5/31/2019President Donald Trump says the U.S. will begin levying a 5% duty on imported goods from Mexico, beginning June 10.
Lexus RX Crossover Tweaks Styling, Adds Tech
5/30/2019Toyota Motor Corp.’s Lexus unit is giving its top-selling RX crossover vehicle a mid-cycle freshening for the 2020 model year.
Defense Dept Seeks Funds to Bolster Rare-Earth Output
5/30/2019The U.S. Dept. of Defense is asking for new funding to bolster U.S. capacity to produce rare earths minerals, 80% of which are currently supplied by China.
India Scrappage Scheme Targets Old Commercial Vehicles
5/30/2019India is finalizing a plan to hike taxes, registration fees and inspection requirements on commercial vehicles built before 2000 in a bid to improve air quality in cities.
Report: New ‘Vette ECU May Derail Aftermarket Tuners
5/30/2019General Motors Co.’s next-generation Chevrolet Corvette will feature an encrypted engine control unit that improves cyber security but also may thwart aftermarket tuners, Muscle Cars & Trucks reports.
FCA Chairman Asks to Meet with Nissan, Mitsubishi
5/30/2019Fiat Chrysler Automobiles Chairman John Elkann reportedly has asked to meet with the CEOs of Nissan and Mitsubishi Motors to discuss the proposed merger between FCA and Renault.
Mahindra to Spend $2.5 Billion on Capacity, Products
5/30/2019India’s Mahindra & Mahindra Ltd. says it will hike spending 20% to 180 billion rupees ($2.5 billion) through 2022 to expand production, develop new models and create “greener” powertrains.