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Tesla Aims to Launch Model Y Production Next Year
4/12/2018Tesla Inc. expects to begin building its Model Y small electric crossover vehicle in November 2019, sources tell Reuters.
Uber Buys eBike-Sharing Company
4/11/2018Uber Technologies Inc. has acquired Jump Bikes Inc., a Brooklyn-based “dockless” bicycle-rental startup.
Key Safety Systems Details Takata Purchase
4/11/2018Michigan-based Key Safety Systems Inc. has arranged the necessary funding for its $1.6 billion purchase of almost all assets belonging to bankrupt airbag maker Takata Corp.
Fed May Accelerate Rate Hikes
4/11/2018Some members of the Federal Reserve say a “slightly steeper” series of interest rate hikes may be necessary over the next few years to offset an expected upswing in inflation.
Merkel Skeptical about Forcing German Carmakers to Retrofit Diesels
4/11/2018German Chancellor Angela Merkel makes it clear that she does not support city bans on older diesels or schemes that would force carmakers to clean up such vehicles.
EU May Make It Easier for Consumers to Sue Companies
4/11/2018The European Union has proposed a plan to give consumers greater power to sue companies through U.S.-style class-action lawsuits, Reuters reports.
BMW Opens Center for Autonomous Driving
4/11/2018BMW AG has officially opened a research campus for autonomous car development in Unterschleissheim, Bavaria.
Audi Updates A6 Wagon
4/11/2018Audi AG says the wagon version of its all-new A6 midsize car will be larger and include more amenities than its predecessor.
Japan Discovers Huge Deposits of Rare Earths
4/11/2018Researchers in Japan say they have found rare earth deposits totaling more than 16 million tons under the seabed 1,200 miles southeast of Tokyo, The Nikkei reports.
SUVs Capture 28% of India’s Car Market
4/11/2018Demand for SUV/crossover vehicles in India has reached a record high 28% of the country’s passenger vehicle market.