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FCA May Delay Diesel Phase-Out in Europe
3/11/2019CEO Mike Manley says Fiat Chrysler Automobiles may not drop diesels in Europe by 2022 as previously pledged if demand is still strong enough to keep them.
New Leadership Structure Expected for R-N-M Alliance
3/11/2019Renault, Nissan and Mitsubishi Motors reportedly aim to create a new entity to tighten oversight of their alliance without requiring an outright merger.
UPDATE: Ghosn Denied Request to Attend Nissan Board Meeting
3/11/2019A Japanese court has turned down a request by Carlos Ghosn, the former chairman of Nissan Motor Co., to attend the company’s board meeting tomorrow.
Tesla Secures $521 Million for Factory in China
3/11/2019Tesla Inc. says it has reached a deal with Chinese lenders for a $521 million line of credit for the electric car and battery factory it is building in Shanghai.
FCA Recalls Alfa Models to Fix Cruise Control
3/8/2019Fiat Chrysler Automobiles NV is recalling some 60,000 Alfa Romeo models worldwide to fix adaptive cruise control systems that don’t switch off when the driver taps the brake pedal.
Report: Botched Emission Tests Cost VW €3.6 Billion
3/8/2019Volkswagen AG’s fumbles in trying to certify its 2019 models under Europe’s new WLTP test protocol cost the company €3.6 billion ($4 billion), media reports say.
U.S. Jobs Growth Slowed Sharply in February
3/8/2019The U.S. economy added only 20,000 jobs last month, well below the expected 180,000 positions, the Dept. of Labor reports.
Lawsuit Targets Tesla CEO Musk’s “Unchecked” Tweeting
3/8/2019A new lawsuit filed in Delaware by institutional investors hopes to stop CEO Elon Musk from continuing to tweet inaccurate statements about the company.
Italdesign Aims to License Design of DaVinci Concept
3/8/2019Italian design specialist Italdesign unit says its DaVinci concept electric car is near-production ready and aims to license the design to one of Volkswagen AG’s brands or to another carmaker.
Curb Appeal: Creating Dedicated Zones for New Mobility Services
3/8/2019The rapid increase of ride-hailing services, deliveries from retailers and restaurants, plus traditional taxis and other services, has put curbside real estate at a premium.