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VW Ramps Up EV Plans
3/13/2018Volkswagen AG expects to introduce a new electrified model nearly every month, beginning in 2019.
GKN Rejects Melrose’s £8.1 Billion Hostile Takeover Bid
3/13/2018GKN plc has rejected a “final” bid by London turnaround specialist Melrose Industries plc to buy the British engineering firm for £8.1 billion ($11.3 billion).
Trump Blocks Qualcomm Takeover Bid on National Security Grounds
3/13/2018President Donald Trump has prohibited a proposed $117 billion hostile takeover of San Diego-based chipmaker Qualcomm Inc. by Singapore rival Broadcom Ltd., citing U.S. security concerns.
Financier Lynn Tilton’s Zohar Funds File for Bankruptcy
3/13/2018Lynn Tilton—the flamboyant financier of distressed companies and CEO of Dura Automotive Systems Inc.—has put her controversial Zohar investment funds into Chapter 11 bankruptcy.
Brabham Readies BT62 Supercar
3/12/2018England’s Brabham Automotive Ltd. plans to unveil its first model, the BT62, in early May.
Musk’s Tunnel Venture Switches Priority from Cars to People
3/12/2018Founder Elon Musk says the initial focus of his Boring Co.’s underground shuttle service will be on moving pedestrians and cyclists, not cars, around cities.
2019 Acura RDX to Get New York Reveal
3/12/2018Honda Motor Co.’s upscale Acura unit will take the wraps off the production version of its third-generation RDX crossover vehicle and an “A-Spec” sport variant at next month’s New York auto show.
Report: Updated VW Diesels Burn More Fuel, Still Exceed Emission Limits
3/12/2018Diesels rigged by Volkswagen AG to evade emission laws but repaired by the company now burn as much as 14% more fuel and continue to exceed pollution standards by 400%, an Australian report says.
New VW Jetta Gets Fuel Efficiency Boost
3/12/2018Volkswagen AG’s redesigned Jetta compact car has received a 34-mpg fuel efficiency rating (30 mpg in the city/40 mpg on the highway) from the U.S.
JCI Ponders Future of Its Battery Business
3/12/2018Johnson Controls International plc says it is conducting a strategic review of its $7.3 billion-per-year battery business that could lead to a sale or spinoff.