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VW Expands EV Plans, Again
3/12/2019Volkswagen AG now plans to launch 70 new electric vehicles across its various brands within the next 10 years—40% more than the company previously announced.
Infiniti Confirms Plans to Exit European Market
3/12/2019Nissan Motor Co.’s upscale Infiniti units will discontinue sales in western Europe early next year.
Toyota: No Plans to Produce S-FR Coupe Concept
3/12/2019The tiny S-FR coupe, which was introduced as a concept car in 2015, won’t be part of Toyota Motor Corp.’s “three brothers” sports car lineup.
Mazda Shuffles N. America Executive Team
3/12/2019Mazda Motor Corp. has named Masahiro Moro, currently current president and CEO of North American operations, to the additional post of chairman of the region.
Waymo Looking for Outside Investors?
3/12/2019Alphabet Inc.’s Waymo autonomous-vehicle affiliate is searching for new outside investors, including European carmakers, a source tells The Information.
GM’s Cruise Aims to Double Headcount This Year
3/12/2019General Motors Co.’s Cruise Technologies subsidiary tells Reuters it expects to double its 1,000-member workforce in 2019.
CEO Hackett Says “Bright Future” for Ford Begins This Year
3/12/2019Ford Motor Co. CEO Jim Hackett has told employees the company will turn a corner in its global overhaul this year and head “toward a really bright future,” The Detroit News reports.
Musk Cites First Amendment Rights in SEC Contempt Case
3/12/2019Tesla Inc. CEO Elon Musk, citing his right to free speech, asked a federal court in New York City last night to dismiss an SEC request to find him in contempt of an October agreement to stop misleading investors.
Thailand Ponders Tax Cut for EV Battery Plants
3/11/2019Thailand is studying a plan to lower its 8% excise tax on batteries for electric cars in a bid to encourage local production.
Michelin, Faurecia Partner on Fuel Cell JV
3/11/2019French suppliers Michelin & Cie. and Faurecia SA have agreed to create a joint venture that will develop and produce fuel cell systems for passenger vehicles and other applications.