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S. Korea Offers Suppliers $3.1 Billion in Financial Aid
12/18/2018The South Korean government is coordinating 3.5 trillion won ($3.1 billion) in aid to auto suppliers struggling with a slump in new-car production, the Financial Times reports.
Cooper Standard to Build New Headquarters
12/18/2018Cooper Standard Holdings Inc. plans to move its global headquarters from Novi, Mich., to nearby Northville in early 2020.
Renault Pushes to Name Replacement for Ghosn at Nissan
12/18/2018Renault SA, which owns 43% of Nissan Motor Co., is insisting on its right to replace ex-Chairman Carlos Ghosn on the board of the Japanese carmaker.
Hyundai Debuts Fingerprint I.D. Tech
12/18/2018Hyundai Motor Co. is introducing a system in China on its Santa Fe crossover that allows users to unlock and start the vehicle via fingerprint scanners.
Mercedes Teases Next-Gen CLA Fastback
12/18/2018Daimler AG’s Mercedes-Benz unit has released a teaser image of the second-generation CLA.
China’s Largest EV Charging Network Targets Breakeven
12/18/2018The company that controls 41% of China’s charging stations for electric cars predicts it will break even in 2018 after two years of losses.
Audi Taps Luminar for Lidar in Self-Driving Test Fleet
12/18/2018Audi AG’s Autonomous Intelligent Driving subsidiary is using Luminar Technologies Inc.’s lidar in prototype self-driving vehicles to identify and track surrounding objects.
Renault, Nissan Meet on Future of Alliance
12/18/2018Top officials from Renault SA and Nissan Motor Co. are gathering today in Amsterdam for two days of meetings about the future of their 19-year-old alliance.
EU Sets Target for 37.5% Lower CO2 from Cars by 2030
12/18/2018Members of the European Union and the European Parliament have agreed to cut carbon dioxide emissions from cars 37.5% between 2021 and 2030.
Mercedes Cuts China Prices for Cars from U.S.
12/18/2018Daimler AG’s Mercedes-Benz unit says it will lower Chinese prices on four U.S.-produced models in response to China’s plan to drop import tariffs on such vehicles to 15% from 40%.