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Detroit-Based Vehicle Subscription Service Buys Rival
7/17/2018Mobiliti LLC, a multi-brand vehicle subscription service, has acquired rival Condor Detroit.
U.K. Sales of EVs and Plug-in Hybrids Up 25%
7/17/2018Sales of pure electric vehicles and plug-in hybrid models soared 25% in the U.K. through June to more than 28,000 units.
GM Drops Chevy City Express Van
7/17/2018General Motors Co. pulled the plug on the slow-selling Chevrolet City Express small work van earlier this year.
June Car Sales Climb 5% in Europe
7/17/2018Car registrations across Europe rose 5% to 1.62 million units in June, trade group ACEA reports.
Tesla’s Musk Unleashes Another Twitter Tirade
7/17/2018Tesla Inc. CEO Elon Musk has branded as a pedophile one of the divers who rescued a youth soccer team from a flooded cave in Thailand.
Ex-Apple Engineer Pleads Not Guilty to Stealing Tech Secrets
7/17/2018A former Apple Inc. hardware engineer has pleaded not guilty of stealing proprietary data about the company’s secret autonomous car project.
China Files WTO Complaint About U.S. Tariffs
7/16/2018China has filed a complaint with the World Trade Organization about the Trump administration’s threatened import tariffs on $200 billion worth of Chinese goods.
Tesla Model 3 Critic Turns Bullish
7/16/2018A Detroit-area company that panned the part-by-part quality of Tesla Inc.’s Model 3 electric sedan now believes the car can generate a 30% gross profit margin.
Ford Agrees to $299 Million Settlement for Takata Recalls
7/16/2018Ford Motor Co. has agreed to pay out $299 million to compensate customers for economic losses related to replacing explosion-prone Takata airbag inflators.
Report Says Oil Demand Will Peak in 2036
7/16/2018Global demand for oil will peak in less than 20 years, thanks to a “tectonic” shift to electric and autonomous vehicles, predicts Wood Mackenzie Ltd.