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SEAT Closes the Door on 3-Door Hatchbacks
8/9/2018Volkswagen AG’s SEAT unit is dropping the Leon SC three-door hatchback (pictured) as demand for the body style shrinks.
Geely Mulls New Lotus Facilities
8/9/2018China’s Zhejiang Geely Holding Group, which purchased a controlling stake in Group Louts plc last year, reportedly may invest $1.9 billion to help jumpstart the struggling British nameplate.
Mazda, Suzuki, Yamaha Falsified Emission, Mileage Data in Japan
8/9/2018Japan’s transport ministry says Mazda, Suzuki and Yamaha submitted years of false test results for fuel economy and exhaust emissions.
Japan’s Carmakers Look for Sales in Asia as U.S. Tariffs Loom
8/9/2018Japanese carmakers aim to boost sales in Asia to counter a slump in the U.S. if the Trump administration imposes 25% tariffs on foreign-made cars, The Nikkei reports.
New York City Caps Licenses for Ride-Hailing Vehicles
8/8/2018New York City has approved a one-year freeze on new licenses for ride-hailing services such as Lyft and Uber, USA Today reports.
China Matches Latest U.S. Tariffs
8/8/2018China says it will add a 25% tariff on another $16 billion worth of U.S. goods to match import taxes the Trump administration says it will add on Aug. 23.
Detroit Manufacturing Founder Sells Stake in Company
8/8/2018Andra Rush, who founded Detroit Manufacturing Systems LLC (DMS) in 2012, has sold her majority stake in the firm to Bruce Smith, the co-owner and CEO of Marysville, Ohio-based tooling maker BTM Co.
Ford Tops 10 Million Pony Cars
8/8/2018This week Ford Motor Co built its 10 millionth Mustang since introducing the iconic model in 1964.
GM Plans Collision Repair Network in U.S.
8/8/2018General Motors Co. is preparing to launch a collision repair network of dealerships and independent body shops across the U.S.
Analysts Question Tesla’s Ability to Go Private
8/8/2018CEO Elon Musk’s cavalier nine-word tweet yesterday declaring that Tesla Inc. might be privatized has prompted questions about how the company would pull off the $70 billion deal.