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Northrop Grumman Exec Joins GM Board
2/12/2019General Motors Co. is adding Wes Bush, chairman of Northrop Grumman Corp.’s board of directors, as a director to its own board.
Daimler to Make Electrified Cars in Thailand
2/12/2019Daimler AG says it is preparing to begin local assembly in Thailand of electrified vehicles and batteries to power them.
Renault’s New Chairman to Begin Talks with Nissan’s CEO This Week
2/12/2019The heads of Renault SA and Nissan Motor Co. are scheduled to meet in Japan on Thursday for two days of talks about the alliance between their companies.
Ghosn Will Pay Back Versailles for Wedding Reception
2/12/2019Ex-Renault Chairman Carlos Ghosn says he will reimburse the Palace of Versailles for costs related to a wedding reception there that had been absorbed by the carmaker.
China’s EV Battery Industry Faces “Brutal” Consolidation
2/11/2019Only a handful of the dozens Chinese companies that make batteries for electric cars are likely to remain after the government ends subsidies for them in 2020, The Nikkei reports.
SoftBank Invests $940 Million in Nuro Startup
2/11/2019Japan’s SoftBank Vision Fund has invested $940 million in Nuro.ai, a California-based startup that makes self-driving delivery vehicles.
Nikola to Build Electric Trucks
2/11/2019Nikola Motor Co. is developing all-electric variants of two of its three fuel cell-powered heavy-duty trucks.
U.K.’s Economic Growth Slows to 6-Year Low
2/11/2019The British economy expanded by 1.4% last year, its slowest pace since an identical rate in 2012, according to the Office for National Statistics.
Study: British Brexit Could Cost Germany 100,000 Jobs
2/11/2019As many as 100,000 jobs in Germany—many of them in the automotive sector—would be threatened if the U.K. leaves the European Union without a replacement trade deal.
WiTricity Buys Qualcomm’s Wireless Charging Business
2/11/2019Boston-based WiTricity Corp. has acquired Qualcomm Inc.’s Halo wireless charging business for an unspecified amount.