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GM to Exit Toronto Stock Exchange in November
8/16/2017General Motors Co. says it will voluntarily delist its shares on the Toronto Stock Exchange on Nov. 30 due to low trading volumes there.
Takata Judge Suspends Victim Lawsuits Against Carmakers
8/16/2017A U.S. federal judge in Delaware has imposed a 90-day stay on lawsuits the were filed against carmakers about exploding Takata Corp. airbag inflators.
Merkel Reiterates EV Vow
8/16/2017German Chancellor Angela Merkel reiterates her goal of putting 1 million electric cars on the road by 2020 but acknowledges more effort will be needed to achieve it.
Denso Forms Chip Unit for Self-Driving Systems
8/16/2017Denso Corp. has formed a wholly owned called Nsitexe to design and develop high-capacity chips for use by automated driving systems.
Geely Denies Plan to Buy FCA
8/16/2017Geely Automobile Co. tells reporters it has no plan “at the moment” to buy Fiat Chrysler Automobiles NV.
FCA Joins Self-Driving-Car Development Group
8/16/2017Fiat Chrysler Automobiles NV has agreed to join a consortium set up a year ago by BMW, Intel and Mobileye (now an Intel company) to develop autonomous vehicle technology.
China-Based EV Startup Future Mobility Raises $200 Million
8/16/2017Chinese startup Future Mobility Corp., which hopes to begin selling highly automated electric cars in two years, has attracted $200 million in first-round funding from Chinese investors.
Envoys Aim for Fast Track on NAFTA Updates
8/16/2017Negotiators hope for a fast start today on talks to update the 23-year-old North American Free Trade Agreement.
S. African Company Buys U.K.’s Pentagon Dealer Network
8/15/2017Motus, the newly formed vehicle division of South Africa’s Imperial Holdings Ltd., has acquired British dealership chain Pentagon Motor Holdings for 493 million rand ($37 million).
Opel to Test Mall-Based Retail Store
8/15/2017PSA Group’s new Opel brand is preparing to pilot test a retail format in Stuttgart, Germany, that will enable customers to buy a car at a shopping mall.