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Car Sales Rise 6% in Europe
12/14/2017Deliveries of new passenger vehicles across Europe climbed 6% to 1.26 million units in November, according to automotive trade group ACEA.
Ex-UAW Official Resigns from GM Board
12/14/2017Joe Ashton, a former vice president of the United Auto Workers union’s General Motors department, has resigned as the union’s first representative on the GM board.
Toyota, Visteon Launch Testing at New U.S. Mobility Center
12/14/2017Visteon Corp. and the Toyota Research Institute have become the first two companies to begin testing connected and autonomous vehicle systems at the just-opened American Center for Mobility outside Ypsilanti, Mich.
Report: EV Credit Still Alive in Congressional Tax Reform Bill
12/14/2017Congressional negotiators from the Senate and House have agreed to retain the government’s $7,500 tax credit for buyers of electric cars, sources tell Bloomberg News.
Ford to Phase out Fusion Production in Mexico, Spain
12/14/2017Ford Motor Co. is telling suppliers it will phase out production at the end of the decade of its Fusion midsize sedan in Hermosillo, Mexico, and the model’s European variant, the Mondeo, in Valencia, Spain.
Samsung, Renovo Team Up on Autonomous Vehicle Tech
12/13/2017South Korea’s Samsung Electronics Co. is working with Renovo Motors Inc., a Silicon Valley-based startup specializing in software for self-driving vehicles, to develop technology that will be used on a fleet of autonomous vehicles Samsung plans to test on California roads.
U.S. Fed Raises Interest Rates by 0.25%
12/13/2017As expected, the Federal Reserve has raised its benchmark interest rate by another quarter-point.
VW Teases All-New Jetta
12/13/2017Volkswagen AG has released sketches of the 2019 Jetta compact sedan ahead of its debut next month at the Detroit auto show.
Renault Buys Stake in Media Company
12/13/2017Renault AG is acquiring a 40% stake in the Challenges Group—a French publisher of premium magazines about history, economics and science—in a bid to line up content for riders in autonomous vehicles.
GM Patents Pedestrian Airbag System
12/13/2017General Motors Co. has received a U.S. patent for an external vehicle airbag system designed to help cushion pedestrians struck by a vehicle.