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Hyundai, Kia Set Up Regional HQs in Major Markets
6/19/2018Hyundai Motor Co. and its Kia Motors affiliate plan to launch regional headquarters in Europe and North America on July 2 in a bid to boost sales and give the markets more autonomy.
Tesla Says Employee Stole Sensitive Production Data
6/19/2018Tesla Inc. CEO Elon Musk says a disgruntled employee stole highly sensitive data from the electric carmaker’s manufacturing system and sent it to unknown third parties.
Canada Ponders Auto Industry Aid to Counter U.S. Tariffs
6/18/2018Canada is weighing the idea of financial aid to its auto industry if the Trump administration goes ahead with a threatened 25% tariff on all cars imported to the U.S.
BMW Targets Ultra-Luxury Performance Niche with 8 Series Coupe
6/18/2018BMW AG says its all-new 8 Series coupe combines a potent combination of top-end driving performance and posh luxury appointments unlike any other vehicle on the market.
U.K. Softens Targeted Ban on Piston-Powered Vehicles
6/18/2018The U.K., which last July declared it would ban all forms of piston-powered vehicles by 2040, is backing away from that target.
Adient Drops Plan to Move Headquarters to Detroit
6/18/2018Automotive interiors supplier Adient plc has scrapped plans to relocate its operational headquarters to a historic building in downtown Detroit from its current location in suburban Plymouth.
Oil Prices Drop as Producers Eye Production Hikes
6/18/2018Oil futures, which reached three-year highs earlier this month, fell about 3% on reports that Saudi Arabia and Russia may boost their petroleum output this week.
Japanese Group Moves Ahead with Solid-State-Battery Project
6/18/2018Japan’s New Energy and Industrial Technology Development Organization has launched the second phase of a 10-billion yen ($90 million) program to develop solid-state lithium-ion batteries for next-generation electric vehicles.
Magna Partners with BAIC to Make EVs in China
6/18/2018Canada’s Magna International Inc. has formed two joint ventures with Beijing Electric Vehicle Co. (BJEV) to build electric cars in China, starting in 2020.
Lincoln to Rename Next-Gen MKC the Corsair
6/18/2018Ford Motor Co.’s Lincoln unit plans to rename its MKC compact crossover vehicle the Corsair when the next-generation model debuts in 2020, Automotive News reports.