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UPDATE: Three More Officials Sentenced in FCA-UAW Fraud
11/7/2018A U.S. district judge in Detroit has sentenced three more executives to prison for their roles in a conspiracy to divert funds from a worker training center co-operated by Fiat Chrysler Automobiles and the United Auto Workers union.
BMW Poised to Hike SUV Production in China
11/7/2018BMW AG, which sources most of its SUV/crossovers from its huge plant in Spartanburg, S.C., says it is weeks away from a decision to move some of that output to China.
Hermiz Named Chair of OESA
11/7/2018Ramzi Hermiz has been elected chairman of the Michigan-based Original Equipment Manufacturers Assn.
JLR Invests in Electric Motorcycle Startup
11/7/2018Jaguar Land Rover Ltd. is making an unspecified investment in electric motorcycle startup Arc Vehicle Ltd., which was formed by former Jaguar engineering executive Mark Truman.
VW Takes Quantum Step Toward Traffic Analysis
11/7/2018Volkswagen AG plans to test a traffic management system in Barcelona next year that was developed using quantum computing.
Car Sales Rise 8% in Russia
11/7/2018Retail sales of cars and light commercial vehicles in Russia rose 8% to 160,400 units in October, the Moscow-based Assn. of European Businesses reports.
GM Teases Fuel Cell Pickup Truck for Military
11/7/2018General Motors Co. is developing a rugged, fuel cell-powered version of its Chevrolet Silverado fullsize pickup truck for military applications.
Chinese Gov’t Warns of Car Market Slump
11/7/2018A high-level Chinese official says China’s new-vehicle sales this year will drop below 30 million units this year and could trail last year’s 28.9 million total, Bloomberg News reports.
BMW’s Net Profit Plunges 24% as Sales Slow
11/7/2018BMW AG reports a 5% gain in third-quarter revenue but a 24% drop in net income.
Tencent Seting Up Autonomous-Car Team in Silicon Valley
11/7/2018Chinese internet giant Tencent Holdings Ltd. is creating its own team of experts in self-driving-car technology in Silicon Valley, Reuters reports.