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Report: Trump, Carmakers to Discuss U.S. Emission Rules
5/3/2018President Donald Trump and auto industry leaders are likely to meet on May 11 to discuss the White House’s plan to freeze emission and fuel economy rules, according to Reuters.
Tesla’s First-Quarter Losses Nearly Doubles
5/2/2018Tesla Inc.’s net loss in the first quarter of 2018 surged to $785 million from $397 million in the same period last year.
Brabham Supercar Breaks Cover
5/2/2018England’s newly formed Brabham Automotive Ltd. unveiled its first model, the BT62 hypercar, on Wednesday.
KPS Forms Holding Company to Buy Auto Suppliers
5/2/2018New York-based private equity firm KPS Capital Partners LP has formed a holding company, Autokiniton Global Group (AGG) LP, to buy automotive suppliers.
TI Touts Smaller, More Efficient Car Ethernet Receiver
5/2/2018Texas Instruments Inc. claims its new automotive Ethernet physical layer transceiver is smaller, lighter and more efficient than similar systems being developed by competitors.
Daimler Cites Defense if Chinese Investor Turns Hostile
5/2/2018Daimler AG says it has plans in place to defend against a hostile takeover bid, including a move by its new Chinese investor.
Dodge Challenger Hellcat Adds Dual-Scoop Hood
5/2/2018The 2019 Dodge Challenger SRT Hellcat from Fiat Chrysler Automobiles NV will feature a “dual-snorkel” hood in place of the current single scoop design.
U.S. Targets NAFTA Agreement this Month
5/2/2018Envoys from Canada, Mexico and the U.S. will reconvene next Monday in hopes of reaching agreement on updates to the North American Free Trade Agreement.
Carmakers, Suppliers Form Blockchain Consortium
5/2/2018Carmakers, suppliers and tech companies have formed a consortium to develop blockchain technologies—similar to those used for Bitcoin digital payments and other crypto-currencies—for automotive applications.
Canadian Workers Reject Lear Contract
5/2/2018Hourly workers at a Lear Corp. seating plant in Ajax, Ontario, have rejected a tentative labor contract by a 94% margin.