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Report: Global Demand for Piston Engines Peaked in 2018
1/1/2019Worldwide sales of piston-powered cars last year are unlikely to be equaled ever again, says the Financial Times.
U.S. Links Trade Deal with U.K. to “Hard” Brexit
1/1/2019America’s ambassador to the U.K. says a quick and “massive” bilateral trade agreement between the two countries won’t be possible without a clean British exit from the European Union next spring.
Faraday Future Settles Dispute with Top Investor
1/1/2019Electric car startup Faraday Future Inc. says it has resolved a dispute with its largest investor that will enable the company to pursue additional funding elsewhere.
Ghosn’s Jail Time Extended Another 10 Days
12/31/2018A court in Tokyo has approved a prosecutors’ request to extend the incarceration of former Nissan Motor Co. Chairman Carlos Ghosn for an additional 10 days.
China Says It’s “Ready to Work” on U.S. Trade Accord
12/31/2018China’s central government says it “stands ready to work” on trade reforms with the U.S. to avert a new round of tariffs 90 days from now.
Italy Plans Taxes on Gas Guzzlers, Subsidies for “Green” Cars
12/31/2018Italy’s parliament has approved incentives on fuel-efficient vehicles and higher taxes for new cars with poor fuel economy and high carbon dioxide emissions.
Chevrolet, Toyota Exec Jim Perkins Dies at 83
12/31/2018Jim Perkins, a sales and marketing titan for the Buick, Chevrolet, Lexus and Toyota brands, died Friday at age 83.
Germany Okays Diesel Retrofits to Avoid Bans
12/28/2018Germany’s transport ministry has cleared the way for owners of older diesels to retrofit their cars and avoid city bans on such vehicles.
Nissan to Trim Production in China
12/28/2018Nissan Motor Co. reportedly will trim its production in China by 30,000 units over the first two months of 2019 because of the country’s cooling auto market.
Tesla Board Gains Larry Ellison, Walgreens HR Exec
12/28/2018Tesla Inc.’s board has added Oracle co-founder Larry Ellison and Kathleen Wilson-Thompson, the head of human resources for Walgreens Boots Alliance.