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Toyota Affiliates to Form Self-Driving-Tech Venture Unit
8/24/2018Four members of the Toyota Motor group intend to pool their resources to integrate autonomous-vehicle systems with artificial intelligence controls.
U.S. Heads for Two Years of Record Oil Production
8/24/2018Output of crude oil in the U.S. appears likely to set new records this year and in 2019, says the Energy Information Administration.
NAFTA Talks Get Another Extension
8/24/2018Trade talks between the U.S. and Mexico are expected to spill into next week over lingering issues about updating the North American Free Trade Agreement.
Musk Hires Morgan Stanley to Help Take Tesla Private
8/23/2018Tesla Inc. CEO Elon Musk has hired investment banker Morgan Stanley to help him pursue a plan to privatize the company, a source tells Bloomberg News.
Toyota Land Cruiser Dropping V-8?
8/23/2018Toyota Motor Corp.’s full-size Land Cruiser SUV will switch from its current V-8 engine to a V-6 when the next-generation model is introduced in 2020, sources tell Japan’s Best Car.
Ford’s Govt Affairs Chief to Head U.S. Talks with N. Korea
8/23/2018Stephen Biegun, Ford Motor Co.’s international government affairs chief is leaving the carmaker to head a U.S. diplomatic delegation to North Korea.
Hyundai Triangulates Elantra Makeover, Adds Tech
8/23/2018Hyundai Motor Co. has given its Elantra subcompact sedan due this autumn a significant facelift and added a host of driver-assist technologies.
EV Battery Materials Specialist Raises $70 Million
8/23/2018Sila Nanotechnologies, which began a partnership with BMW AG in March to adapt its next-generation battery material for automotive applications, has raised $70 Million in Series D funding.
Kia Reaches Tentative Labor Pact in Korea
8/23/2018Kia Motors Corp. has reached a tentative one-year pay agreement with its unionized workers in South Korea.
U.S., China Add $16 Billion in Tariffs on Each Other’s Goods
8/23/2018As expected, the U.S. has implemented an additional $16 billion in tariffs on imports from China.