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Lotus Revs Up 3-Eleven Sports Car
2/20/2018Group Lotus plc is launching a lighter, faster and more powerful version of its 3-Eleven sports car.
Tesla Outsells BMW, Mercedes Flagship Sedans in Europe
2/20/2018Tesla Inc.’s Model S electric sedan outsold flagship BMW 7 Series and Mercedes-Benz S-Class models in Europe last year, says JATO Dynamics.
Lexus Readies Compact UX Crossover
2/20/2018Toyota Motor Corp.’s Lexus unit will take the wraps off a production version of its UX compact crossover vehicle concept at next month’s Geneva auto show.
Toyota Halves Rare Earth Metal Content in EV Motors
2/20/2018Toyota Motor Corp. says it has developed magnets for electric motors that require as little as 50% as much rare earth metals.
GM Will Idle Flint Truck Plant for 4 Weeks
2/20/2018General Motors Co. says it will idle its pickup truck plant in Flint, Mich., for most of July to update the facility’s assembly lines.
Hyperloop One to Develop High-Speed Transport Plan for India
2/20/2018Virgin Hyperloop One has signed an agreement to develop plans for an ultra-high-speed transit tube system in India that would link Pune with a proposed new airport in Mumbai 100 miles away.
GM Offers Debt-for-Equity Swap to Revive S. Korea Unit
2/20/2018General Motors Co. has offered the South Korean government $2.2 billion in equity in a deal to revive its struggling carmaker operations in the country, sources tell Reuters.
Mitsubishi Corp. Will Double Stake in Mitsubishi Motors
2/19/2018Trading house Mitsubishi Corp. is expected to announce tomorrow it is doubling its stake in Mitsubishi Motors Corp. to about 20%, according to The Nikkei.
Nissan Says EVs Will Reach Price Parity in 2025
2/19/2018Nissan Motor Co. calculates that the price of electric cars will drop to those of comparable gasoline and diesel-powered models in seven years.
More Shrinkage Ahead of Europe’s Luxury Small-Car Market
2/19/2018European demand for small luxury hatchbacks, sedans and coupes peaked at 1 million units in 2016 but will fall to about 900,000 units in 2018, says Automotive News Europe.