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Congress Ponders New VW Diesel Emissions Probe
2/23/2018The U.S. Congress may launch a new investigation into Volkswagen AG’s diesel emission cheating scandal that will focus on executive involvement.
UPS Touts Cost Parity of New Electric Trucks
2/23/2018United Parcel Services of America Inc. is adding 50 electric vehicles to its delivery truck fleet that the company says are priced about the same as similar piston-powered trucks.
BMW, Great Wall Aim to Make Mini EVs in China
2/23/2018BMW AG has signed a letter of intent with Great Wall Motor Ltd. to form a joint venture that would produce all-electric Mini-badged small cars in China.
TDK Developing Wireless Charging System for EVs
2/23/2018TDK Corp., the Japanese maker of magnets, sensors and electronics, is the latest company to jump into the fledgling market for wireless charging systems for electric vehicles.
CR: Hyundai’s Genesis Brand Outscores German, Japanese Rivals
2/23/2018Hyundai Motor Corp.’s Genesis luxury brand outranked all others in this year’s Consumer Reports ratings of automotive brands sold in the U.S.
German Court Delays Ruling on Diesel Bans
2/23/2018Germany’s highest administrative court in Leipzig says it won’t rule until Feb. 27 on an appeal to overturn temporary city bans on older diesels.
GM Extends Car Production Cutback in Canada
2/23/2018General Motors Co. is stretching out a current production cut at its car plant in Oshawa, Ont., by another nine weeks because of slumping demand, according to a Unifor union memo cited by Toronto’s Globe and Mail.
Magna Sales Set Records for Fourth Quarter, Full Year
2/22/2018Magna International Inc. saw its revenue climb 12% to a record US$10.4 billion in October-December and 7% to a record $38.9 billion in calendar 2017.
Takata Settles Airbag Inflator Probe by 44 U.S. States
2/22/2018Bankrupt supplier Takata Corp. has agreed to pay $650 million to settle civil claims by 44 state attorneys general that the company deceived consumers about its explosion-prone airbag inflators.
Denso Chairman Will Retire in June
2/22/2018Nobuaki Katoh, a longtime Denso Corp. executive and the company’s current chairman, plans to retire in June.