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Porsche Holding Invests in 3D Printing Companies
11/3/2017Stuttgart-based Porsche Automobil Holding SE, which owns a controlling-stake in Volkswagen Group, has acquired minority holdings in two 3D-printing companies.
IAC Opens Interiors Plant in Poland
11/3/2017International Automotive Components Group has opened a 290,000 sq-ft interior systems manufacturing plant in Opole, Poland.
Carmaker Group Launches European Fast-Charging Network
11/3/2017Ionity GmbH, a Munich-based consortium of carmakers (Audi, BMW, Daimler, Ford, Porsche and Volkswagen), has begun installing a network of fast-charging stations for electrified vehicles in Europe.
Ford RS Gets the Drift
11/3/2017Next month Ford Motor Co. will begin selling a $999 “Drift Stick” system for its Focus RS hatchback that enables rally car-like handbrake turns.
U.S. Tax Reform Bill Would End EV Credits
11/3/2017A $7,500 tax credit for U.S. buyers of electric vehicles would disappear in 2018 if the tax reform bill proposed by the House of Representatives Ways and Means Committee becomes law.
Mitsubishi Fuso Targets 5-Minute Recharge Time for Electric Truck
11/3/2017Daimler AG’s Mitsubishi Fuso Truck and Bus unit aims to offer an all-electric truck by 2021 whose batteries can be fully charged in only five minutes.
France Cuts Stake in Renault to 15%
11/3/2017The French government has sold 14 million shares in Renault SA, thereby reducing its stake in the carmaker to 15% from 19.7%.
Mazda’s Net Income Drops 23%
11/2/2017Mazda Motor Corp.’s operating profit in July-September rose 2%. But net earnings plummeted 23% to 26.7 billion yen ($234 million).
Ford, GM Subpoenaed for Info on UAW Training Centers
11/2/2017The U.S. Dept. of Justice has requested information from Ford Motor Co. and General Motors Co. about employee training centers they operated jointly with the United Auto Workers union.
Lear to Shift Indiana Seating Production to Larger Site
11/2/2017Lear Corp. is constructing a 240,000-sq-ft seat manufacturing plant in Hammond, Ind., where it can consolidate production from existing facilities in Hammond and nearby Portage, Ind.