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DiDi Chuxing Links Ride-Sharing to Public Transit
4/10/2018China’s largest ride-hailing service, DiDi Chuxing Technology Co., is expanding to enable ride-sharing customers to connect with public transportation options.
VW Group Sets March, First-Quarter Sales Records
4/10/2018Volkswagen AG’s VW brand reports record unit sales for March (+5% to 584,700 units) and in the first quarter of 2018 (+6% to 1.53 million).
China Promises to Reduce Import Tariffs on Cars
4/10/2018China has pledged to “significantly lower” its 25% tariff on imported cars this year and loosen restrictions that have limited foreign ownership in Chinese businesses to 50% “as soon as possible.”
CO2 Emissions Rise for Europe’s Mainstream Carmakers
4/9/2018Europe’s top 10 carmakers saw the average carbon dioxide emissions of their new vehicles rise by 1 gram per kilometer to 113.8 g/km in 2017, according to JATO Dynamics Ltd.
Mexico: NAFTA Deal Likely by Early May
4/9/2018Mexico’s economic minister says there’s a “very high probability” that Canada, Mexico and the U.S. will agree in principle by early May on a deal to update the North American Free Trade Agreement.
Sales Climb 14% in Russia
4/9/2018Deliveries of passenger cars and light commercial vehicles in Russia grew 14% to 157,300 units last month, the Moscow-based Assn. of European Businesses reports.
GM Korea Ponders Crossover Model
4/9/2018General Motors Co.’s financial strapped unit in South Korea says it might launch a crossover vehicle, but only if the company’s bailout plan solidifies this month.
China EV Startup Targets $2.7 Billion in Second-Round Funding
4/9/2018Chinese electric-car startup Xiaopeng (Xpeng) Motors says it expects to raise 17 billion yuan ($2.7 billion) in 2018.
Audi to Bring Gran Turismo Game Car to Life
4/9/2018Audi AG has built a fully operational life-size version of its Vision Gran Turismo video game car for use as a support vehicle at Formula E electric vehicle races and other select venues.
Daimler's Moovel Launches Transit App in U.S.
4/9/2018Daimler AG’s Moovel Group mobility unit is introducing a smartphone app in the U.S. that will enable users to buy tickets from transit operators.