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FCA, Bosch to Pay Lawyers $66 Million in Diesel Scandal
2/7/2019Fiat Chrysler Automobiles NV and Robert Bosch GmbH have agreed to pay a combined $66 million to lawyers representing owners of high-polluting FCA diesels.
Car Sales Drop 8% in Spain
2/7/2019Registrations of new passenger vehicles in Spain fell 8% to 93,500 units last month, according to trade group ANFAC.
GM Offers Equity to Employees of Cruise Unit
2/7/2019General Motors Co. has enabled employees of its Cruise Automation unit the ability to acquire equity in the autonomous vehicle technology startup.
Inventor of HANS Racing Device Dies
2/6/2019Dr. Robert Hubbard, who invented the HANS (head and neck support) device for race car drivers, died this week at the age of 75.
GM, Ford Prepare Profit Sharing Payouts
2/6/2019General Motors Co. and Ford Motor Co. are preparing to distribute hundreds of millions of dollars in in profit-sharing payments to members of the United Auto Workers union over the next five weeks.
Ram 1500 Adds Split-Tailgate Option
2/6/2019Fiat Chrysler Automobiles NV is adding multifunction tailgate and center step options to the 2019 Ram 1500 fullsize pickup truck.
Car Sales Set Record High in SE Asia
2/6/2019Demand for new passenger vehicles in southeast Asia’s six largest markets grew 6% to an all-time record 3.57 million cars in 2018, The Nikkei reports.
Daimler Sales Up, Profits Down
2/6/2019Daimler AG hiked its revenue and unit sales in 2018 by 2% each to €167.4 billion ($190.5 billion) and 3.4 million passenger vehicles and commercial trucks, respectively.
Sweden Opens AI Innovation Center
2/6/2019Sweden’s Innovation Agency has opened a technical center in Gothenburg that will focus on developing artificial intelligence, deep learning technologies and related applications.
GM Boosts Revenue, Earnings
2/6/2019General Motors Co.’s adjusted net income swung to $2.0 billion in last year’s fourth quarter, reversing a $5.2 billion loss in the same period of 2017 caused by U.S. tax changes.