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Uber Raises Rates in London to Set Up Driver EV Fund
10/24/2018Ride-hailing service Uber Technologies Inc. says it is raising its rates in London by 20 cents per mile to pay its drivers in an effort to make it easier for them to switch to electric vehicles.
Volvo Invests in Mobile Charging Specialist
10/24/2018Volvo Car Corp. has acquired an unspecified stake in FreeWire Technologies Inc., a San Leandro, Calif.-based company that specializes in mobile fast-charging systems for electric vehicles.
Ministry Sees Slow Growth Ahead for China Auto Sales
10/24/2018China’s auto industry is entering a period of slower production and sales rates, the state-run Xinhua News Agency reports.
Ford Makes China Operations a Stand-Alone Business Unit
10/24/2018Ford Motor Co. has restructured its global operations, promoting China to its own business unit that reports directly to headquarters.
Mazda, Toyota May Merge Finance Units
10/23/2018Mazda Motor Corp. and Toyota Motor Corp. reportedly are studying a plan to merge their captive finance units.
Maven to Expand Peer-to-Peer Car-Sharing Service
10/23/2018General Motors Co.’s Maven unit plans to expand the peer-to-peer car-sharing scheme it launched earlier this summer to seven more cities by year-end.
Ford Idles Car, Engine Output in Spain as Sales Weaken
10/23/2018Ford Motor Co.’s Valencia facility in Spain will temporarily halt engine and car production for several days in November because of weak demand.
Lyft Buys British Developer of AR Tech
10/23/2018U.S. ride-hailing service Lyft Inc. has acquired British startup Blue Vision Labs to bolster its efforts to develop services involving self-driving vehicles.
Harley-Davidson Warns of Shrinking Market as Sales Sag
10/23/2018Motorcycle maker Harley-Davidson Inc. says its U.S. sales fell 13% to 36,200 units in the third quarter, its worst any-quarter result in five years.
Caterpillar Invests in Fisker
10/23/2018Caterpillar Inc.’s venture capital subsidiary has made an unspecified investment in California-based electric vehicle startup Fisker Inc.