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U.S. Targets 90% Recycling Rate for Lithium-Ion Batteries
1/18/2019The U.S. aims to improve the recyclability and reuse of lithium-ion batteries from less than 5% today to 90% in coming years.
VW May Broaden Diesel Trade-in Program in Germany
1/18/2019Volkswagen AG is studying a plan to broaden trade-in incentives for older diesels and expand them to all of Germany, Reuters says.
2020 BMW 7 Series Sports Massive Grille, Hybrid Option
1/18/2019BMW AG’s freshened 7 Series fullsize sedan features a new front end, updated powertrain options—including a plug-in hybrid variant—and a host of driver-assist technologies.
Ford Prepares Mini-Crossover for European Market
1/18/2019Ford Motor Co. is developing a mini-SUV based on its Fiesta subcompact car and could unveil it at the Frankfurt auto show in September.
Toyota Truck Wins Dakar Rally
1/18/2019Toyota Motor Corp.’s Gazoo Racing won the Dakar Rally in Peru with a specially equipped Hilux pickup truck.
France Backs Michelin CEO to Head Renault
1/18/2019The French government, which owns 15% of Renault SA, is ramping up its support for Michelin CEO Jean-Dominique Senard to succeed Carlos Ghosn as head of the carmaker.
Tesla to Cut 3,200 Jobs
1/18/2019Tesla Inc., which expanded its workforce 30% in 2018, now says it must cut its staff by 7% (about 3,200 people) to lower product costs and help achieve sustainable profitability.
Hyundai Mobis, KT Test 5G Tech
1/18/2019Hyundai Mobis Co. is partnering with KT Corp. to develop and test 5G cellular-based vehicle-to-everything applications in South Korea.
Chinese City Uses Alibaba AI System to Curb Congestion
1/18/2019Internet giant Alibaba Group Holding Ltd.’s “City Brain” technology has helped Hangzhou, China, significantly reduce traffic congestion, CNN Business reports.
Nissan, Mitsubishi Motors Say Their JV Improperly Paid Ghosn $9 Million
1/18/2019Nissan Motor Co. and its Mitsubishi Motors Corp. affiliate confirm that their Dutch joint venture paid Carlos Ghosn, the former chairman of both companies, $9 million without telling them.