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Ford Will Reveal Strategy to UAW before Wall Street
9/8/2017Ford Motor Co. CEO Jim Hackett will meet later this month with leaders of the United Auto Workers union to present his vision for the company—more than a week before he does the same for Wall Street analysts, according to the head of the UAW’s Ford department.
Retail Sales Climb 6% in China
9/8/2017Retail deliveries of new passenger cars in China climbed to 1.90 million units last month from 1.80 million vehicles in August 2016, the China Passenger Car Assn. reports.
Hyundai Affirms Troubled BAIC Joint Venture
9/8/2017Hyundai Motor Co. shrugs off speculation that its strained relations with BAIC Motor Corp. might end their joint venture in China.
Report: Subaru Will Drop Diesels by 2020
9/8/2017Subaru Corp. plans to stop making and selling diesel engines by fiscal 2020, sources tells The Nikkei.
VW Eyes Selling Assets that Deliver 20% of Its Revenue
9/8/2017Volkswagen AG aims to sell noncore assets that currently generate about 20% of the company’s current revenue, CEO Matthias Mueller tells The Wall Street Journal.
Hard-Drive Maker Nidec Turns to EV Motors
9/7/2017Nidec Corp., the Kyoto-based maker of precision motors used in computer hard drives, has unveiled a motor and gearbox system designed for electric and hybrid powertrains.
Flying Taxi Startup Lands More Investors
9/7/2017Lilium GmbH, a flying taxi startup, has raised $90 million in its second round of funding.
Outstanding Car Loans at Record High in U.S.
9/7/2017Americans owe a record $1.1 trillion on their car loans, up 7% from the second quarter of 2016, according to information service provider Experian plc.
Bosch Develops Integrated Electric Axle
9/7/2017Robert Bosch GmbH says its new electric axle system integrates an electric motor, power electronics and transmission.
Canadian Lidar Developer Secures $100 Million in Funding
9/7/2017LeddarTech Inc., a Quebec City-based developer of solid-state lidar technology, says it has raised C$130 million ($101 million) in its largest funding round to date.