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BorgWarner Forms JV with Battery Startup
5/8/2019BorgWarner Inc. and Romeo Systems Inc., a California-based battery startup, are forming a joint venture to supply integrated battery systems for electrified vehicles.
Meritor Buys Back AxleTech Unit
5/8/2019Meritor Inc. has agreed to acquire AxleTech International LLC, which the company divested in 2002, from The Carlyle Group for about $175 million.
Ford Goes National with Medical Transport Service
5/8/2019Ford Motor Co. says it is expanding its GoRide Health transport service across the U.S., beginning with a rollout across Ohio.
Mazda Bets on Engine Tech to Hike Profits 30%
5/8/2019Mazda Motor Corp. believes its rollout of engine technologies that can hike fuel efficiency 30% will boost operating profits by the same percentage.
Engines Remain Key Part of Maserati’s Future
5/7/2019Fiat Chrysler Automobiles NV’s Maserati unit is due to launch several electrified vehicles in coming years, but the brand remains committed to piston engines.
NYC Thieves Target Side Mirrors with Integrated Cameras
5/7/2019Side mirrors with integrated rearview cameras and other sensors have been stolen from at least 19 luxury vehicles in New York City over the last two months, the New York Post reports.
McLaren to Unveil GT Supercar Next Week
5/7/2019McLaren Automotive Ltd. will take the wraps off the all-new GT supercar next week.
Ferrari’s Revenue, Earnings Soar
5/7/2019Ferrari NV reports that its adjusted net profit in the first quarter of 2019 jumped 22% to €180 million ($201 million).
Porsche Pays €535 Million Fine in Diesel Cheating Scandal
5/7/2019Volkswagen AG’s Porsche unit has been fined €535 million ($599 million) by German prosecutors in Stuttgart for selling diesel-powered vehicles that didn’t meet emission standards.
UPDATE: Infiniti Chief Meunier Quits to Head Jeep
5/7/2019Christian Meunier—who took over as head of Nissan Motor Co.’s Infiniti luxury brand in January, has stepped down to become president of Fiat Chrysler Automobile NV’s Jeep brand, effective immediately.