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Mazda’s Operating Profit More Than Doubles
2/7/2018Mazda Motor Corp. says favorable exchange rates helped its operating profit to more than double in the fiscal third quarter that ended Dec. 31.
GM Signals Restructuring Move for S. Korean Unit
2/7/2018General Motors Co. confirms it is pondering moves to revive—or perhaps exit—its money-losing operations in South Korea.
UPDATE: China’s Didi Signs 12 Carmakers for EV-Sharing Service
2/7/2018Beijing-based Didi Chuxing Technology Co. has signed partnership agreements with a dozen carmakers to launch a car-sharing network in China featuring electric vehicles.
IG Metall Wins 4.3% Wage Hike in Germany
2/7/2018Auto workers in Germany will get a 4.3% wage hike in April as part of a deal reached overnight between the powerful IG Metall union and an employer’s federation that represents carmakers.
Germany’s Car Sales Climb 12%
2/7/2018New-car registrations in Germany climbed 12% to 269,400 units in January, according to KBA, the government’s motor vehicle authority.
Fourth Suspect Pleads Guilty in FCA-UAW Corruption Scandal
2/7/2018The fourth person accused of participating in a scheme to siphon $4.5 million in job training funds from a joint Fiat Chrysler Automobiles-United Auto Workers union program has pleaded guilty.
January Car Sales in Russia Jump 31%
2/7/2018Sales of new passenger vehicles and light commercial vehicles in Russia leaped a “remarkable” 31% to 102,500 units last month, the Moscow-based Assn. of European Businesses reports.
Report: Renault, Rostec Aim to Replace AvtoVAZ’s CEO
2/6/2018The two largest shareholders of Russian carmaker OAO AvtoVAZ are moving to replace Nicola Maure, the company’s CEO, according to news agencies in the country.
Liftoff: Tesla Roadster Rockets into Space!
2/6/2018SpaceX launched its Falcon Heavy rocket into space on Tuesday carrying a Tesla Roadster as its payload on a journey that is designed to take it on a solar orbit close to Mars.
German Authorities Raid More Audi Facilities
2/6/2018Prosecutors in Germany have raided Audi AG headquarters and its assembly plant in Neckarsulm as part of their investigation into rigged diesel emission control systems, according to media reports.