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GM’s Barra Says Tech, Customers Will Drive Strategy
12/12/2017Ride-sharing services could help General Motors Co. generate new business in urban areas, but the privately owned vehicle will remain the mainstay of the auto industry for many years to come, says CEO Mary Barra.
Group Aims to Build 80 Hydrogen Fueling Stations in Japan
12/11/2017A consortium led by Toyota Motor Corp. and JXTG Holdings aims to build 80 hydrogen fuel stations in Japan by early 2022 to support fuel cell-powered vehicles.
VW Says Diesel Scandal Will Cost Another €4 Billion in 2018
12/11/2017Volkswagen AG—which so far has paid nearly €30 billion in penalties, repairs and restitution in its two-year-old diesel emission cheating scandal—estimates next year’s cost will drop to €4 billion-€5 billion ($4.7 billion-$5.9 billion).
Renault Launches EV Car-Sharing Venture in Spain
12/11/2017Renault SA is launching its Zity car-sharing service this month in Madrid with a fleet of 500 all-electric Renault Zoe city cars.
Strikes May Cost Hyundai $920 Million
12/11/2017This year’s series of worker strikes at Hyundai Motor Co. could cost the South Korean company 1 trillion won ($920 million) in lost production, the Financial Times estimates.
VW Revamps Regulatory Compliance Process
12/11/2017Volkswagen AG has centralized its regulatory compliance operations in an effort to avoid another disaster like its diesel emission cheating scandal.
Bugatti “Doctors” Make House Calls for Recalled Supercar
12/11/2017Volkswagen AG’s Bugatti unit has dispatched a team of technicians to customer homes to follow up on the recent recall of the brand’s Chiron supercar.
Lear Buys Israeli GPS Firm
12/11/2017Lear Corp. has agreed to buy Israel-based EXO Technologies LLC, which is developing an enhanced GPS technology for use in connected and autonomous vehicles.
Ride-Share Services Biggest Threat to Oil Market?
12/11/2017Saudi Aramco, the world’s largest petroleum company, believes ride-sharing is a bigger threat to near- and mid-term oil demand than electric or self-driving cars.
SUV Sales in Europe to Jump 20% This Year
12/11/2017A bevy of new SUV/crossovers from Volkswagen Group and PSA Group is helping to expand the segment’s volume 20% to a record 1.8 million unit in 2017, LMC Automotive says.