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GM Cuts Charging Time for Chevy Volt Nearly 50%
6/29/2018General Motors Co. is introducing a more powerful in-car charging system for its 2019 model Chevrolet Volt plug-in hybrid sedan that cuts charging time nearly 50% to 2.3 hours.
Waymo Shopping for Robotic Cars to Serve European Market
6/29/2018Alphabet Inc.’s Waymo unit is looking for a European carmaker to supply a “large number” of self-driving vehicles for its robotic taxi fleet in the region.
China Will Begin Lifting Foreign Ownership Cap in July
6/28/2018China says it will begin eliminating its 50% cap on foreign ownership of carmaking operations on July 28.
Magna Buys Italian Lighting Supplier OLSA
6/28/2018Canada’s Magna International Inc. has agreed to buy OLSA SpA, a Turin-based supplier of advanced front and rear lighting systems.
Volvo Teams with FedEx on Truck Platooning
6/28/2018Volvo AB and package delivery giant FedEx Corp. have begun testing truck platooning in North Carolina.
U.S. Economic Growth Trimmed to 2% in First Quarter
6/28/2018The U.S. economy expanded by 2% in the first quarter of 2018, according to a downwardly revised third estimate by the Dept. of Commerce.
GM Transfers Vietnamese Operations to Local Distributor
6/28/2018General Motors Co. has agreed to transfer ownership of its Vietnam assembly plant and Chevrolet dealer network to local producer VinFast later this year.
American Axle to Open Plant in Spain
6/28/2018American Axle & Manufacturing Inc. plans to open a manufacturing plant in Barcelona early next year.
BP Buys U.K. Battery Charging Company
6/28/2018Oil and gas giant BP plc has agreed to buy U.K.-based Chargmaster plc, which operates a network of charging stations for electric vehicles, for £130 million ($170 million).
Hybrid Lambo Hypercar in the Works?
6/28/2018Lamborghini SpA’s next hypercar reportedly will be powered by a hybrid-electric system.