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BMW, Citing Sales and Cost Challenges, Lowers Guidance
9/25/2018BMW AG has reduced its profit forecast for 2018, citing regulatory issues, warranty costs, spending on future mobility and the impact of uncertain trade conflicts.
BMW Appoints New “M” Boss
9/25/2018Markus Flasch has been named chairman of BMW AG’s “M” performance division, effective Oct 1.
Hyundai Wins DOE Grant to Develop “Mixed-Mode” Engine
9/25/2018Hyundai Motor Co. has received a $5 million grant from the U.S. Dept. of Energy to continue development of its “mixed-mode” engine technology, which combines attributes of diesel and gasoline systems.
Visteon Cockpit Tech Debuts in Mercedes A-Class
9/25/2018Visteon Corp. is introducing its SmartCore cockpit domain controller in the 2019 Mercedes-Benz A-Class small car currently being launched in global markets.
Suzuki to Begin EV Tests in India
9/25/2018Suzuki Motor Corp. is preparing to begin testing a fleet of about 50 small electric cars in India ahead of introducing its first EV—the Wagon R minicar—there in about 2020.
U.S., South Korea Sign Updated Free Trade Deal
9/25/2018South Korea and the U.S. formally updated their KORUS free-trade agreement on Monday, cinching President Donald Trump’s first major trade deal.
Firm Fined $6.3 Million for Software that Defeats Emission Controls
9/25/2018A Florida software company has been ordered to pay $6.3 million in fines and repairs after selling 363,000 aftermarket software kits designed to disable emission control systems.
Chery Readies Frankfurt Design Center
9/24/2018China’s Chery Automobile Co. is opening a design and development center in Frankfurt, the company’s first facility in Europe.
FCA to Name Gorlier as Head of European Operations?
9/24/2018Fiat Chrysler Automobiles NV is close to naming Pietro Gorlier to head its operations in Europe, sources tell Bloomberg News.
Mercedes Road Tests Hypercar Prototype
9/24/2018Daimler AG’s has begun testing a prototype of its Project One hypercar on public roads in the U.K.