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Stefan Quandt Becomes BMW’s Controllling Shareholder
2/22/2018Stefan Quandt has amassed a 25.8% stake in BMW, giving him the ability to singlehandedly block any unwanted takeover of the company.
Volvo Speeds Up Intros for Hybrid Models
2/21/2018Volvo Car Corp., which last year said it would electrifying all new models beginning in 2019, will beat that goal by adding two plug-in hybrids this spring.
Ford Fires Raj Nair, Head of Ford’s N. American Operations
2/21/2018Ford Motor Co. says Raj Nair, an executive vice president and president of its North American business, has been fired after an internal investigation into reports of “inappropriate behavior.”
CAR: Fully Autonomous Cars Won’t Reach Market Until 2030
2/21/2018Vehicles capable of driving themselves under all circumstance won’t become commercially available until 2030, according to the Center for Automotive Research in Ann Arbor, Mich.
Ferrari Gets on Track with 488 Pista Performance Model
2/21/2018Ferrari SpA says the 488 Pista high-performance version of its 488 GTB supercar is faster, lighter and more powerful than the base model.
Mercedes Constructing “Factory of the Future” in Germany
2/21/2018Daimler AG’s Mercedes-Benz unit has broken ground for its so-called “Factory 56” advanced manufacturing site in Sindelfingen, Germany.
Mitsubishi Outlander Plug-In Hybrid Gets New Look, More Power
2/21/2018Mitsubishi Motors Corp. is giving the plug-in hybrid variant of its Outlander SUV a mid-cycle freshening that includes an upgraded battery and powertrain.
Porsche Drops Current Diesel Models
2/21/2018Porsche AG has building its two current diesel models, which are variants of the Macan S crossover and Panamera 4S sedan. But the company hasn’t ruled out offering new oil burners in the future.
Daimler Will Invest €2.6 Billion on Electric Trucks Over 2 Years
2/21/2018Daimler AG says it will spend €2.6 billion ($3.2 billion) through 2019 to develop electric heavy-duty trucks and equip them with self-driving and connectivity features.
VW Agrees to 4.3% Wage Hike in Europe
2/21/2018Volkswagen AG has agreed to pay annual bonuses and increase the wages for 120,000 of its hourly workers in western Europe by 4.3%, beginning in May.