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Super-Fast Japanese EV’s $3.6 Million Price Is a Hoot
10/4/2018Japan's Aspark Co. Ltd. is pricing its all-electric Owl hypercar at a hefty $3.6 million, well above rival models.
Polestar Ramps up Prototype Production
10/4/2018Volvo Car Corp.’s Polestar unit has begun building prototypes of its upcoming hybrid coupe in Sweden.
Toyota, Softbank Form New Mobility JV
10/4/2018Toyota Motor Corp. and tech giant SoftBank Corp. have formed a joint venture called Monet Technologies Corp. to commercialize new mobility technologies, including autonomous ride-hailing and delivery services.
California Consortium Formed to Promote EVs
10/4/2018A group of carmakers, energy companies, battery charging networks, local governments and other constituents have formed a consortium to promote electric vehicles in California.
Car Sales Plunge 21% in U.K.
10/4/2018Rising worries about the impact of U.K.’s exit from the European Union prompted a 21% drop in new-car sales last month, says the Society of Motor Manufacturers and Traders.
PSA Plans Chevy Fleet for Car-Sharing in Washington, D.C.
10/4/2018PSA Group is launching its Free2Move car-sharing service in Washington, D.C., later this month with a leased fleet of 600 Chevrolet Cruze small sedans and Equinox crossover vehicles, Automotive News reports.
U.S. Traffic Fatality Rate Reverses 2-Year Rise
10/4/2018Traffic fatalities in the U.S. declined by 2% to 37,100 people in 2017, reversing increases of 8% in 2015 and 6% in 2016, according to the National Highway Traffic Safety Administration.
AM General Seeks Buyer
10/4/2018U.S. defense contractor AM General LLC, best-known for its military Humvee vehicles, hopes to sell itself for $2 billion, sources tell Reuters.
Europe Affirms Plan to Cut CO2 from Cars 40% by 2030
10/4/2018The European Parliament has approved a plan that would slash 2021 carbon dioxide emissions from passenger vehicles and light vans 40% by 2030.
Audi Aims for Full Production Rate of EV This Year
10/4/2018Audi AG—which last month began building its first all-electric car, the e-tron crossover vehicle—hopes to achieve full capacity by the end of 2018.