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Report: KKR in Talks to Buy Magneti Marelli
8/22/2018New York City-based private equity firm KKR & Co. is in talks to buy Magneti Marelli, Fiat Chrysler Automobile NV’s partsmaking subsidiary, sources tell Bloomberg News.
Toyota Employees to Aid Michigan V2X Research
8/22/2018Toyota Motor Corp. is encouraging employees at its research and development center near Ann Arbor, Mich., to participate in an on-going program there to test connected vehicle technologies.
Renault Teases “Secret” Crossover
8/22/2018Renault SA says its upcoming compact crossover vehicle will be called the Arkana.
GM Trademarks “Zora” Name Ahead of Mid-Engine ‘Vette Launch
8/22/2018General Motors Co. has trademarked the name “Zora” in more than half a dozen countries as it prepares to launch the next-generation Chevrolet Corvette, which features a mid-engine layout championed by former Corvette chief engineer Zora Arkus-Duntov.
Ford Recalls EVs, Plug-in Hybrids to Replace Charging Cord
8/22/2018Ford Motor Co. is recalling 50,500 plug-in and all-electric cars in the U.S. and Canada to replace a 120-volt charging cord that could cause a fire.
U.S. Vehicle Fleet Getting Older
8/22/2018The average age of passenger vehicles in American households jumped 13% from 9.3 years in 2009 to 10.5 years in 2017, according to the U.S. Dept. of Transportation.
Conti Cuts Outlook Again as Sales Soften
8/22/2018Continental AG’s shares plunged 14% to a nine-year intraday low today as the supplier lowered its 2018 outlook for the second time.
VW Readies Mass Firings Over Diesel Emission Scandal
8/22/2018Volkswagen AG is preparing to fire perhaps dozens of engineers and managers linked to diesel emission cheating admitted by the company three years ago.
Opel Concept Previews Design Direction
8/22/2018PSA Group’s Opel unit says its new GT X Experimental concept vehicle includes several styling cues that will be incorporated into upcoming models.
Uber Hires a CFO After 3-Year Search
8/22/2018Uber Technologies Inc has named Nelson Chai to be the ride-hailing company’s first chief financial officer in more than three years, effective Sept. 10.