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India Ride-Hailing Company Targets 1 Million EVs by 2021
4/17/2018Ola, India’s largest ride-hailing company, aims to have 1 million electric vehicles in its fleet by 2021.
Growth Rate Slows for U.S. Factory Production
4/17/2018Manufacturing activity in the U.S. expanded only 0.1% in March compared with 1.5% in February, according to the Federal Reserve.
Cost Talks between PSA, Union Stall at Opel’s Eisenach Plant
4/17/2018The outlook for the Opel assembly plant in Eisenach, Germany, is uncertain after talks about labor concessions broke down between the IG Metall union and PSA Group, Reuters reports.
Ghosn Confirms Renault, Nissan Are Reviewing Alliance Structure
4/17/2018Renault-Nissan Chairman Carlos Ghosn confirms the two companies are studying a possible full merger.
China Vows to Drop Foreign-Ownership Caps by 2022
4/17/2018China’s central government says it will phase out its current limits on foreign ownership of domestic companies by 2022.
BMW to Open Pilot Plant for 3D Parts
4/17/2018BMW AG plans to open an additive manufacturing (3D-printing) campus early next year in Germany.
GM May Drop Debt-Equity Swap Offer for Korean Unit
4/17/2018General Motors Co. hints it may withdraw a $2.7 billion debt-for-equity offer if union workers at its South Korean unit don’t agree to concessions by Friday, the Korea Herald reports.
Tesla Pauses Model 3 Production Again
4/17/2018Tesla Inc. is suspending production of its Model 3 electric sedan for 4-5 days this month to again tackle problems with automated equipment.
China’s Economy Expanded 6.8% in First Quarter
4/17/2018China reports that its gross domestic product expanded 6.8% in January-March compared with the same period in 2017.
VW Group Posts Record Sales in March
4/17/2018Volkswagen AG’s car, van and truck sales grew 5% to a record 1.04 million units last month, fueled by a 10% gain to 391,400 units in Asia Pacific.