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China’s FAW Car Buys Stake in Startup Car-Sharing Service
1/8/2018FAW Car Co. Ltd. says it has agreed to buy a 10% stake in China’s Mobike Chuxing Technology Co., a month-old car-sharing startup.
U.S. Ford Dealers Begin Sales of India-Made Crossover Model
1/8/2018Last week Ford Motor Co.’s U.S. dealers began selling EcoSport small crossover vehicles imported from Chennai, India.
Ex-Toyota President Tatsuro Toyoda Dies at Age 88
1/8/2018Tatsuro Toyoda, who briefly headed Toyota Motor Corp. in the 1990s, has died of pneumonia at age 88.
Takata Recalls Another 3.3 Million Airbag Inflators in U.S.
1/8/2018More than a dozen carmakers are preparing to recall another 3.3 million vehicles in the U.S. to replace Takata Corp. airbag inflators that could explode in a crash.
Future Audi Models to Look Less Alike
1/5/2018Volkswagen AG’s Audi unit has started to more sharply differentiate the individual designs of its models as the carmaker becomes more successful in emerging markets.
BMW Names New Chief for China Operations
1/5/2018BMW AG has named Jochen Goller as president and CEO of its China region, effective March 1.
China Targets “Smart Car” Tech
1/5/2018China’s National Development and Reform Commission (NDRC) has announced plans for a “smart car” strategy that would include an aggressive rollout of artificial intelligence (AI) and vehicle communication systems, Reuters reports.
Aston Martin Sales Surge 58% to 9-Year High
1/5/2018Aston Martin Holdings (UK) Ltd. says demand for its luxury sports cars soared 58% to 5,100 units, the British carmaker’s best result in nine years.
Renault-Nissan-Mitsubishi to Launch Mobility Tech Fund
1/5/2018The Renault-Nissan-Mitsubishi alliance plans to debut a $200 million tech fund at next week’s CES electronics show in Las Vegas, sources tell Reuters.
Palladium Prices Near All-Time High
1/5/2018The price of palladium, a metal used to cut exhaust emissions, is nearing its all-time high of $1,125 per ounce set 16 years ago.