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GM Affirms April 20 Deadline for Bailout Plan in Korea
4/13/2018General Motor Co. reiterates that its business in South Korea will likely file for bankruptcy protection if it fails to reach agreement on a financial restructuring package by April 20.
Maybach Concept on Tap for Beijing Auto Show
4/13/2018Daimler AG’s ultra-luxury Mercedes-Maybach unit will take the wraps off a concept vehicle later this month at the Beijing auto show.
Pininfarina Confirms Plans for New EV Brand
4/13/2018Italian design house Pininfarina confirms it will launch an electric-vehicle brand with a high-end hypercar in 2020.
JLR May Cut 1,000 Jobs as Sales Sag
4/13/2018Jaguar Land Rover Ltd. reportedly will trim output and about 1,000 jobs at two British plants because of softening sales.
Protean to Supply Electric Motors for Autonomous Shuttles
4/13/2018Troy, Mich.-based Protean Holdings Corp. says it will supply its in-wheel motors to Local Motors Inc. for use in the startup company’s self-driving electric vehicles.
Mercedes Picks Two Cities for U.S. Subscription Test
4/13/2018In June, Daimler AG’s Mercedes-Benz unit will begin testing a vehicle subscription service in the U.S. through dealerships in Nashville, Tenn., and Philadelphia, Pa.
Kia Names New COO for Europe
4/13/2018Kia Motors Corp. has appointed Emilio Herrera, head of its operations in Spain, to take over as chief operating officer for its European business.
Trump Downplays Urgency for NAFTA Deal
4/13/2018President Donald Trump says NAFTA talks are progressing well, but he discounts reports that the White House is eager to reach agreement quickly.
Historic VW Plant to Make Next-Gen EV Batteries
4/12/2018Volkswagen AG has selected its Braunschweig, Germany, plant to produce battery systems for the company’s next-generation hybrid and full-electric vehicles.
Lincoln to Expand Lineup in China
4/12/2018Ford Motor Co. plans to locally produce about five new Lincoln luxury models in China by 2022, sources tell Reuters.