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VW Loses Appeal to Suppress Diesel Cheating Report
7/6/2018Volkswagen AG has lost a legal appeal to Germany’s highest court to suppress a report by U.S. law firm Jones Day about its diesel emission cheating.
Report: Nissan Drops Luxury Car Project with Daimler
7/6/2018Nissan Motor Co. has halted co-development of a small luxury car with Daimler AG, according to the Japanese business daily Nikkan Kogyo.
Russia’s Car Sales Growth Slows to 11%
7/6/2018Sales of cars and light commercial vehicles in Russia grew 11% to 156,400 units in June, the slowest pace in 14 months.
U.S. Begins 25% Tariff on Chinese Goods
7/6/2018The U.S. kicked off its latest round of protective tariffs at midnight in the form of a 25% tax on $34 billion of Chinese imports.
China Ponders New Cuts in EV Subsidies for 2019
7/6/2018China’s central government is studying another round of reductions in sales incentives for electric cars, Bloomberg News reports.
New-Car Sales Drop 4% in U.K.
7/6/2018Demand for new cars in the U.K. shrank 4% in June to a three-year low of 234,900 units.
Pruitt Resigns as Head of EPA
7/5/2018Scott Pruitt has resigned as administrator of the U.S. Environmental Protection Agency amid more than a dozen investigations into claims of ethical lapses, violations of spending laws and the misuse of his staff.
JLR Threatens to Abandon the U.K. after "Hard" Brexit
7/5/2018Jaguar Land Rover CEO Ralf Speth says a failure to arrange a “frictionless” trade deal when the U.K. exits the European Union next year could drive the carmaker out of England.
U.S. Discounts on Big Pickups Soar to $16,000
7/5/2018Detroit’s traditional carmakers are propping up demand for their high-profit fullsize pickups with sales incentives worth $12,000-$16,000.
UPDATE: U.S. Could Drop Car Tariffs if EU Does the Same
7/5/2018The Trump administration would be willing to eliminate all import duties on cars made in Europe if the EU does the same for U.S.-produced vehicles, Reuters reports.