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Electrified Road Tested in Sweden
4/27/2018A consortium backed by Sweden’s Transport Administration has begun testing an electrified road system on a 2-km section of a public highway that can recharge electric vehicles as they drive over it.
NAFTA Negotiations to Resume on May 7
4/27/2018Trade envoys from Canada, Mexico and the U.S. plan to resume negotiations in 10 days after failing to reach agreement on updates to the North American Free Trade Agreement.
Subaru Opens New U.S. Headquarters
4/27/2018Subaru Inc. has officially opened its new $118 million U.S. headquarters in Camden, N.J.
Maruti Suzuki Captures 50% of Indian Car Market
4/27/2018Maruti Suzuki India Ltd. reports that its sales surged 13% to 1.78 million vehicles in the fiscal year ended last month, hiking its share by 2.7 points to half the Indian market.
U.S. Economic Growth Slows to 2.3%
4/27/2018Growth in U.S. real gross domestic product slowed to an annualized 2.3% in the first quarter, according to a first estimate by the Dept. of Commerce.
Opel’s Works Council Blocks Voluntary Buyout Program
4/27/2018The works council that represents hourly employees at PSA Group’s Opel unit have halted a voluntary buyout plan, claiming PSA has already met its reduction targets in Germany.
Daimler Sales Up, Earnings Down
4/27/2018Daimler AG boosted vehicle sales and revenue in the first quarter. But accounting changes shrank operating and net profits.
BMW Designs Interior Concept for Hyperloop Company
4/27/2018BMW AG’s Designworks unit has developed a concept interior for Virgin Hyperloop One’s high-speed transportation capsule.
Honda, Mazda Predict Earnings Squeeze
4/27/2018Honda Motor Co. and Mazda Motor Corp. say their earnings will be hurt this year by a stronger yen.
Magna Forms Door Module JV in China
4/27/2018Canada’s Magna International Inc. and Beijing Hainachuan Automotive Parts Co. (BHAP) have formed a joint venture to produce door modules in China.