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UPDATE: Tesla Plans Huge Factory in China
7/10/2018Tesla Inc. hopes to open a wholly owned factory in Shanghai in less than three years that could make as many as 500,000 electric cars per year.
Suzuki Targets 5 Million Annual Sales in India
7/10/2018Suzuki Motor Corp., which controls half the Indian car market, aims to hike annual sales there from about 1.7 million units currently to 5 million by 2030.
China’s CATL to Supply $4.7 Billion in Battery Cells to BMW
7/10/2018BMW AG says it has signed a multi-year deal to buy €4 billion ($4.7 billion) worth of battery cells from Chinese battery supplier CATL.
Production, Exports Rise in Mexico
7/10/2018Mexico’s output of cars and light trucks rose 1% to 349,200 units in June, but domestic sales fell 6% to 119,700 units, according to industry group AMIA.
BMW to Boost Capacity 16% in China
7/9/2018BMW AG says its capacity to build cars and SUVs in China will climb to 520,000 units in 2019 from 450,000 units currently.
U.K. Softens “Ban” on Non-Electric Cars
7/9/2018The U.K.’s previously announced ban on piston-powered cars by 2040 has been softened to permit hybrids, which would offer zero-emission “capability.”
Tariff War Prompts Tesla to Hike Prices 20% in China
7/9/2018Tesla Inc. has raises prices in China on its electric Model S sedan and Model X crossover vehicles by about 20%, according to local media reports.
Caddy Patent Hints of Future Coupe
7/9/2018General Motors Co.’s Cadillac unit has filed U.S. patent application for a coupe with styling cues borrowed from the brand’s 2016 Escala concept car.
U.S. Appeals Court Upholds $10 Billion VW Diesel Settlement
7/9/2018A U.S. appellate court in San Francisco has upheld a deal in which Volkswagen AG spent $10 billion to compensate owners of 475,000 vehicles powered by 4-cylinder engines that had been rigged to evade emission limits.
Volvo Forms Mobility Unit
7/9/2018Volvo Cars Corp. is launching a stand-alone company to oversee the carmaker’s car-sharing business.