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German Auto Industry to Spend €40 Billion on EVs
3/4/2019Germany’s auto industry will invest a combined €40 billion ($45 billion) over the next three years in vehicle electrification, according to trade group VDA.
Tesla Will Unveil Model Y Crossover Next Week
3/4/2019Tesla Inc. plans to publicly unveil its latest electric vehicle, the Model Y compact crossover, on March 11.
February Car Sales Fell in Italy, Spain
3/4/2019Car sales in Italy and Spain continued to shrink in February, according to industry data.
U.S. Trade Chief to Meet UAW on NAFTA Update
3/4/2019U.S. Trade Representative Robert Lighthizer will meet tomorrow with United Auto Workers union leaders to tout the tentative update to the North American Free Trade Agreement.
U.S. Car Sales Slip Again
3/1/2019Sales of new cars and light trucks in the U.S. fell 3% to an estimated 1.27 million units in January.
BMW, Volvo Invest in Ride-Sharing Startup
3/1/2019Zum, a Silicon Valley-based startup ride-sharing service for children, says it has raised $40 million from investors that include BMW and Volvo Cars.
GM Names New Chiefs for N. America and Global Production
3/1/2019General Motors Co. has announced replacements for its current heads of North America and worldwide manufacturing, effective April 1.
Porsche Clarifies Macan EV Strategy
3/1/2019Porsche AG will continue to make the current piston-powered version Macan compact crossover when the all-electric second-generation version debuts a few years from now.
Lyft Reports $911 Million Loss in 2018
3/1/2019Lyft Inc. reports a $911 million annual loss in its first public financial report since the ride-hailing service launched in 2012.
Toyota’s Latin America CEO to Retire
3/1/2019Longtime Toyota Motor Corp. executive Steve St. Angelo is retiring after 14 years with the carmaker, effective April 1.