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Toyota’s Profits Rise a Surprising 7%
8/3/2018Toyota Motor Corp. posted a 7% gain in quarterly net income, surprising analysts who had expected flat results for the period.
Report: Ford May Sell South American Operations
8/2/2018Ford Motor Co. is considering an exit from the South American market, sources tell Bloomberg News.
U.K. Raises Interest Rates
8/2/2018The Bank of England has raised its key interest rate to 0.75% from 0.5%, the index’s highest level in more than nine years.
FCA Recalls Pickup Trucks to Fix Tailgate Latch
8/2/2018Next month Fiat Chrysler Automobiles NV will begin a global recall of 1.5 million of its RAM fullsize pickup trucks to fix tailgate latches that could fail.
White House Reveals Plan to Freeze CO2 Emission Rules
8/2/2018As expected, the Trump administration proposes to cap allowable carbon dioxide emissions from cars at 2020 levels, while revoking California’s power to set its own standards.
Dana to Buy Swiss Driveline Business
8/2/2018Dana Inc. has agreed to buy the Drive Systems segment of Switzerland’s Oerlikon Group for 600 million francs ($600 million).
Prodrive Developing Amphibious Car
8/2/2018U.K.-based engineering firm Prodrive Ltd. is developing an amphibious car for future production.
BMW X7 SUV to Adopt Concept’s Styling
8/2/2018Patent drawings submitted by BMW AG in Brazil indicate the carmaker’s upcoming X7 fullsize SUV will borrow most of the styling cues of last year’s X7 iPerformance concept model.
CARB Predicts 10x Hike in Fuel Cell Vehicles by 2024
8/2/2018California expects the number of fuel cell-powered vehicles registered in the state will surge to 23,600 units in 2021 from 4,800 through May of this year and reach 47,200 by 2024.
BMW’s Profit Drops 6%
8/2/2018BMW AG reports a gain in car sales but declines in revenue and net profit for the second quarter of 2018.