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China’s New-Car Wholesales Climb 11%
5/15/2018Factory wholesales of light-duty vehicles in China rose 11% to 1.91 million units last month, according to the China Assn. of Automobile Manufacturers.
Toyota Invests in AI Development Firm
5/15/2018Toyota Motor Corp. is investing 400 million yen ($3.6 million) into Tokyo-based Albert Inc., which specializes in artificial intelligence, big data analysis and machine learning systems.
Former Tesla Exec Joins Used-Vehicle Leasing Startup
5/15/2018Fair, a Santa Monica, Calif.-based subscription service for used vehicles, has hired ex-Tesla Inc. executive Diarmuid O'Connell as its chief strategy officer.
Audi Previews Q8 Crossover
5/15/2018Audi AG says its upcoming Q8 crossover vehicle will feature an array of advanced technologies.
Marchionne Berated FCA Envoy for Cheater Device Denial
5/15/2018Fiat Chrysler Automobiles CEO Sergio Marchionne blasted a company spokesman in 2015 for prematurely declaring the company didn’t use illegal software to evade diesel emission rules.
Nissan Foresees More Equity in Renault, but No Merger
5/15/2018Nissan CEO Hiroto Saikawa says the company is discussing a more balanced cross-holdings—but not a full merger—with alliance partner Renault.
Geely Seeks Volvo IPO Valuation Greater than $30 Billion
5/15/2018Geely Automobile Holding Co. won’t proceed with an initial public offering for its Volvo Cars unit unless it achieves a valuation of at least $30 billion, sources tell the Financial Times.
Hella Ponders Sale of Its Wholesaling Business
5/15/2018Hella GmbH & Co. says it is in discussions with possible investors about “strategic options” for its Nordic Forum wholesale activities.
Tesla’s Musk Plans “Flatter” Management Structure
5/14/2018Tesla Inc. CEO Elon Musk tells employees the company will conduct a “thorough reorganization” to flatten its management structure and improve communication.
Supplier Relations with N. American Carmakers Continue to Fall
5/14/2018Suppliers report another year of worsening relations with North American carmakers, according to Planning Perspectives Inc.