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Japan to Confirm Sales Tax Hike for 2019
10/15/2018Japan is likely to confirm today that the country’s sales tax will rise from the current 8% to 10% next October, sources tell The Japan Times.
UAW Retiree Healthcare Trust Loses GM Board Seat
10/15/2018A healthcare trust representing retired United Auto Workers union members has relinquished its seat on the General Motors Co. board.
IEA: Oil Prices Likely to Remain High through 2019
10/12/2018Rising oil prices and uncertain trade issues are likely to slow growth in oil demand through 2019 and keep supply in alignment with consumption, according to the Paris-based International Energy Agency.
Australia Creates Future Transportation Department
10/12/2018Australia is opening an Office of Future Transport Technologies for autonomous vehicles and other advanced mobility systems.
Toyota Recall Targets Non-Functioning Airbags
10/12/2018Toyota Motor Corp. is recalling 187,600 late-model vehicles, most of them in North America, to update software that could shut off the airbags.
Fisker Targets Affordable, Futuristic EV
10/12/2018California-based Fisker Inc. plans to follow its $130,000 EMotion electric sedan, which is due next year, with a versatile $40,000 EV.
China’s Car Sales Plunge 12%
10/12/2018Wholesales of new cars in China dropped 12% to 2.39 million units in September, marking the sharpest monthly decline in nearly seven years.
Mercedes GLE Hybrid Gets Extended Range
10/12/2018Daimler AG says the new plug-in hybrid variant of the Mercedes-Benz GLE crossover will be able to travel 100 km (62 miles) in electric-only mode.
Car Sales Fall Again in India
10/12/2018India’s wholesales of cars and light-duty trucks shrank year-on-year in September for the third consecutive month, according to the Society of Indian Automobile Manufacturers.
Tesla Model 3 Sales Top 100,000 Units
10/12/2018Tesla Inc. has produced more than 100,000 of its Model 3 electric sedans since the car went into production last year, Bloomberg News estimates.