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Former Toyota PR Exec Joins Logistics Firm
5/13/2019Longtime communications executive Julie Hamp has been appointed chairman of Motus One Parking Management Services LLC, an event transportation specialist.
Platinum Supply Tightens as Demand Outstrips Supply
5/13/2019The global supply of platinum, a catalytic metal used in virtually all vehicle emission control systems, is shrinking this year, Johnson Matthey plc reports.
Lyft Tests Car Rental Program
5/13/2019Lyft Inc. has begun testing a car rental option to supplement the company’s core ride-hailing services.
Car Wholesales in China Drop 15%
5/13/2019Factory shipments of passenger vehicles to dealers in China shrank 15% to 1.98 million units in April, according to the China Assn. of Automobiles Manufacturers.
Mercedes Targets Carbon Neutral Fleet by 2039
5/13/2019Daimler AG’s Mercedes-Benz unit expects plug-in hybrids and all-electric models will comprise more than half of its vehicle sales by 2030, enabling its new vehicle fleet to be carbon neutral by 2039.
Report: Ford May Cut 550 Jobs in U.K.
5/13/2019Ford Motor Co. may eliminate as many as 550 jobs in the U.K. as part of a broader restructuring plan for the carmaker’s European operations, according to Bloomberg News.
China Hikes Tariffs on Another $60 Billion in U.S. Goods
5/13/2019China’s finance ministry say it will respond to the latest round of U.S. tariffs with new taxes between 5% and 25% on $60 billion worth of U.S. goods, starting June 1.
ZF Buys Imaging Specialist
5/13/2019ZF Friedrichshafen AG is acquiring 90% of Simi Reality Motion Systems GmbH, a German developer of imaging software that ZF plans to integrate with its occupant restraint systems.
Renault May Face Diesel Cheating Lawsuit
5/13/2019Renault SA has moved closer to possible charges that it rigged some of its diesel vehicles to evade European emission standards, according to Le Monde.
Ford Planning $1 Billion Investment in India?
5/13/2019Ford Motor Co. plans to invest as much as $1 billion in India over the next 5-7 years to develop new SUV/crossovers for the region, sources tell The Economic Times.