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GM Testing Peer-to-Peer Car-Sharing Service
7/24/2018General Motors Co.’s Maven mobility unit has launched a peer-to-peer car-sharing pilot program in Chicago, Detroit and Ann Arbor, Mich.
PSA Profits Climb as Opel Unit Revives
7/24/2018PSA Group reports its net income in the first half of 2018 grew 18% to €1.5 billion ($1.7 billion) as the turnaround of its 11-month-old Opel unit gains traction.
Toyota Struggles to Maintain Domestic Output
7/24/2018Toyota Motor Corp. plans to shut down an assembly plant in Japan as it strains to maintain a domestic production target of 3 million vehicles per year, The Nikkei reports.
U.S. Metals Tariffs Could Wipe out 50% of Auto Industry Tax Cuts
7/24/2018Between one-third and half of the U.S. tax cuts granted carmakers this year will be offset by costs associated with the Trump administration’s tariffs on imported steel (25%) and aluminum (10%), say Bloomberg News and Nomura Holdings Inc.
Ford Consolidates Autonomous Vehicle Operations
7/24/2018Ford Motor Co. will integrate all its business activities related to self-driving cars under a new company, Ford Autonomous Vehicles LLC, on Aug. 1.
Report: BMW’s Duesmann to Be Audi’s Next CEO
7/24/2018Markus Duesmann, currently head of purchasing at BMW AG, will become CEO of Volkswagen Group’s Audi unit on Jan. 1, sources tell Automobilwoche.
Mercedes A-Class Equals Aerodynamics Record
7/24/2018New A-Class sedan has a drag coefficient of just 0.22, equalling the record for a mainstream production vehicle set by the current CLA coupe.
Ford GT Designer Svensson Dies
7/24/2018Christopher Svensson, a longtime Ford Motor Co. designer who retired July 1, died last Saturday from cancer at the age of 53.
India Proposes 20-Year Limit for Commercial Vehicles
7/24/2018India may force commercial vehicles off the road after 20 years of service in an effort to improve air quality, the Mumbai-based Economic Times says.
Magna Partners in China on Contract Assembly Plan
7/24/2018Magna International Inc.’s month-old joint venture with BAIC Group aims to building vehicles for ride-hailing giant DiDi Chuxing Technology Co., sources tell Reuters.