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Renault Shows Autonomous Delivery Pods
9/20/2018Renault SA demonstrated its EZ-Pro autonomous vehicle concept at this week’s IAA commercial vehicle show in Hannover, Germany.
VW Denies U.S. Ambassador’s Role in Decision to Exit Iran
9/20/2018Volkswagen AG disputes the claim by U.S. Ambassador Richard Grenell that he led negotiations to convince the company to stop doing business in Iran.
Mercedes Extends Sales Lead in India’s Luxury-Car Market
9/20/2018Daimler AG’s Mercedes-Benz brand hiked sales in India by 12% to 8,100 units in the first half of 2018.
Magna Sells Fluid Controls Unit to S. Korea’s Hanon Systems
9/20/2018Magna International Inc. has agreed to sell its Fluid Pressure and Controls operations to South Korea’s Hanon Systems for $1.2 billion.
Investment Firm Buys British Classic Car Business
9/20/2018New York City-based HPS Investment Partners LLC has purchased JD Classics, a British restoration and racing specialist, out of receivership for an undisclosed price.
Polestar to Offer Subscription Plan in N. America
9/20/2018Polestar, Volvo Car Corp.’s electric performance sub-brand, says it will offer a subscription option for customers when it launches sales in North America in 2020.
Aston Martin Teases New Hypercar
9/20/2018Aston Martin Lagonda Ltd. has released a sketch of the new hypercar it plans to launch in late 2021.
Regional Gov’t Challenges Frankfurt’s Diesel Ban
9/20/2018The German state government of Hesse plans to appeal a court ruling that empowered Frankfurt to impose a partial ban on older cars, Reuters reports.
VW to Phase Out Operations in Iran
9/20/2018Volkswagen AG is the latest carmaker to bow to U.S. trade sanctions and halt almost all operations in Iran, Bloomberg News reports.
No Canadian NAFTA Deal Likely This Week
9/20/2018Intensive trade talks between Canada and the U.S. will resume today, but the prospect of a tentative accord to update NAFTA appears unlikely this week.