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Ford’s Stock Price Slides to 6-Year Low
10/10/2018Ford Motor Co.’s common stock closed at $8.95 per share on Tuesday, marking the first time the price fell below $9 since August 2012.
NHTSA Discounts Tesla’s “Safest Car” Claim for Model 3
10/10/2018Tesla Inc. has no basis for describing its Model 3 electric car is the “safest car ever built,” says the National Highway Traffic Safety Administration.
PSA to Drop 3 Car Models from Opel Lineup
10/10/2018PSA Group says it will phase out three Opel small cars—the Adam and Karl minicars and Cascada compact convertible—next year.
Ex-Delphi CEO Butterworth to Head Melrose Powertrain Unit
10/10/2018Liam Butterworth, who quit as CEO of Delphi Technologies plc last week, will take over as CEO of automotive operations for U.K.-based Melrose Industries plc in early November.
VW Brand Sales Drop 18%
10/10/2018Global sales by Volkswagen Group’s VW brand shrank 18% in September, mainly because of Europe’s changeover to a new emission certification system.
FCA Nears Deal to Sell Magneti Marelli
10/9/2018Fiat Chrysler Automobiles NV reportedly is close to a deal to sell its Magneti Marelli partsmaking unit to Japan’s Calsonic Kansei Corp.
Korean Supplier Opens EV Battery Separator Plant in China
10/9/2018South Korea’s SK Innovation Co. is spending 400 billion won ($354 million) to build a lithium-ion battery separator plant in Changzhou, China.
Berlin Ordered to Impose Partial Ban on Diesels
10/9/2018A German court has ruled that Berlin must ban older diesel-powered vehicles on some of its roads next spring.
Microsoft Invests in Grab Ride-Hailing Service
10/9/2018Microsoft Corp. is making an unspecified investment in Singapore-based GrabTaxi Holdings Pte. Ltd. as part of a deal that includes collaborating on big data and artificial intelligence systems.
Ford Launches Production of Electric Vans in Germany
10/9/2018Ford Motor Co. has begun assembling medium-duty electric delivery vans in Cologne, Germany.