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VW to Invest €1 Billion In India
1/25/2018Volkswagen AG says it will spend about €1 billion ($1.2 billion) in India on new models, additional production capacity and a new engineering and product development center.
Ford’s UAW Workers Get $7,500 Profit Sharing Payments
1/25/2018Ford Motor Co. says some 54,000 of its hourly workers who belong to the United Auto Workers union each will receive profit-sharing checks averaging about $7,500.
Japanese Carmakers Prepare a Bevy of Electrified Vehicles for China
1/25/2018Japan’s major carmakers are rushing to introduce electrified vehicles in China, with at least one model due late this year.
Ford’s 4Q17 Operating Profit Drops 19%
1/24/2018Ford Motor Co.’s revenue and net income rose in the fourth quarter of 2017. But operating income sagged on higher commodity prices and unfavorable exchange rates.
Self-Driving Cars Becoming Less Scary for Consumers
1/24/2018Americans are starting to feel more comfortable with the idea of self-driving vehicles, according to a new study by AAA.
Japan Tests Truck Platooning
1/24/2018Four of Japan’s makers of commercial trucks are testing multi-vehicle platooning systems on Tokyo area expressways.
Rimac Teases New Electric Hypercar
1/24/2018Croatia’s Rimac Automobil will unveil a follow-up to its all-electric Concept One hypercar at the Geneva auto show in March.
Pininfarina to Design New Mahindra Formula E Race Car
1/24/2018Mahindra & Mahindra Ltd.’s Formula E race team will work with fellow M&M group companies Pininfarina and Tech Mahindra to develop its next-generation electric race car.
China’s Great Wall Motor Opens EV Tech Center in Austria
1/24/2018China’s Great Wall Motor Co. has opened a product development center in Kottingbrunn, Austria, that will focus on powertrain components for electric vehicles.
Novelis to Open New Sheet Aluminum Plant in U.S.
1/24/2018Atlanta-based Novelis Inc. plans to open a new aluminum-sheet manufacturing facility in Guthrie, Ky., in 2020.