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UPDATE: Audi Names Interim CEO after Stadler Arrest in Diesel Scandal
6/18/2018Prosecutors in Munich say Rupert Stadler, CEO of Volkswagen AG’s Audi unit, was arrested and jailed earlier today to prevent him from obstructing their investigation into diesel emission cheating.
UPDATE: Audi Recalls 139,200 Cars with Defective Seat Sensors
6/18/2018Audi AG is recalling 139,200 of its “S” series sports sedans with front passenger seats that may lose their ability to detect an occupant and control the airbags correctly.
Toyota Hybrids Finish 1-2 at Le Mans
6/18/2018Toyota Motor Corp.’s TS050 Hybrid race cars finished first and second at this weekend’s 24 Hours of Le Mans endurance race, giving the carmaker its first victory at the famous French venue.
Volvo Aims for 25% Recycled Plastic by 2025
6/18/2018Volvo Car Corp. says at least 25% of the plastic it uses in new cars by 2025 will be made from recycled material.
GM Ponders Separate Stock for Cruise Automation Unit
6/18/2018General Motors Co. has launched an internal discussion that could lead to spinning off the company’s 2-year-old Cruise Automation unit in a few years, sources tell Bloomberg News.
UPDATE: Trump Adds Protective Tariffs on $50 Billion in Chinese Goods
6/18/2018President Donald Trump is adding a 25% tariff on at least $50 billion in Chinese goods in a bid to protect intellectual property and force the country to lower its own import taxes on American products.
Report Forecasts Huge Economic Upside for Self-Driving EVs
6/15/2018Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
Northvolt Cuts Battery Factory Price in Bid to Lure Investors
6/15/2018Swedish startup Northvolt AB tells Reuters it has “significantly” lowered the estimated price for the electric-car battery factory it hopes to build.
Toyota Teases Hybrid “Super Sports Car”
6/15/2018Toyota Motor Corp. has begun developing an all-new “super sports car” with a high-output hybrid-electric powertrain.
GM Unit Stresses Driver Training in Autonomous Cars
6/15/2018General Motors Co.’s Cruise Automation unit says it puts backup drivers and auditors through extensive training before allowing them to participate in real-world autonomous vehicle tests.