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VW Joins Baidu’s Apollo Software Group
11/5/2018Volkswagen AG is the latest carmaker to use the open-source Apollo Project software platform led by China’s Baidu Inc. to develop its own self-driving cars.
JLR to Open Engineering Center in Hungary
11/2/2018Jaguar Land Rover Ltd. plans to open a 100-person engineering office in Budapest, Hungary, early next year to support its expanding supply chain in central and eastern Europe.
BMW Unveils 8 Series Convertible
11/2/2018BMW AG took the wraps off the convertible version of its 8 Series coupe this week.
Conti Buys Cooper Standard Vibration Business
11/2/2018Continental AG has agreed to acquire Cooper Standard Automotive Inc.'s anti-vibration systems business for $265 million.
Porsche Retakes ’Ring Record
11/2/2018Porsche AG says its 911 GT2 RS sports car has set a new record for a production vehicle at Germany’s Nurburgring-Nordschleife course with a lap time of six minutes and 40 seconds.
Linamar to Produce and Sell Protean's Electric Drives
11/2/2018Canada’s Linamar Corp. has inked a deal with Protean Electric Inc. to produce and sell the Troy, Mich.-based company’s in-wheel electric drive motors.
Tesla to Upgrade Remote Control “Summon” Feature
11/2/2018Tesla Inc. plans to introduce an advanced version of its Summon feature by year-end that will allow users to operate their vehicle remotely in certain situations via a smartphone app.
U.S. Trade Deficit Grows
11/2/2018The U.S. trade deficit widened by $700 million in September to $54 billion, the Dept. of Commerce reports.
Faraday Future Looks for Financial Saviors
11/2/2018Struggling electric car startup Faraday Future Inc. says it is looking for debt and equity financing to revive its hope of launching its first car by the end of this year.
GM Halts Renovations of Michigan Facilities
11/2/2018General Motors Co. has stopped work on renovations to its Warren, Mich., technical center and propulsion headquarters in Pontiac, Mich.