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Merkel Blasts German Carmakers
8/14/2017German Chancellor Angela Merkel opened her reelection campaign on Saturday by chastising much of the country’s auto industry for having “gambled away unbelievable amounts of trust.”
Carmakers Fret Changes to NAFTA’s Rules of Origin
8/14/2017North American carmakers worry that even a slight change in rules that define “local” content could upset their global supply chains and hike vehicle prices, Automotive News notes.
Report: SUVs to Capture 34% of Europe Car Market by 2020
8/11/2017Europe’s love of SUV/crossovers has boosted the market share for such vehicles from 8% in 2009 to an expected 28% this year, according to market researchers LMC Automotive and JATO Dynamics.
GM Says Bankruptcy Trust Plotted to Take $1 Billion in Stock
8/11/2017General Motors Co. claims the trust set up to handle its bankruptcy in 2009 conspired with plaintiffs’ attorneys to include a $1 billion stock payment as part of a pending $15 million class-action settlement of claims against “old” GM.
Magna Posts Record Second-Quarter Results
8/11/2017Magna International Inc. reports its revenue and net income in April-June grew 3% to US$9.7 billion and 1% to $561 million, respectively.
Chinese Electric-Truck Maker Adds U.S. Partner
8/11/2017China’s FDG Electric Vehicles Ltd. has begun delivering electric-powered medium-duty trucks to Los Angeles-based Chanje Energy Inc., which will market them in the U.S. and other regions.
Car Wholesales in China rise 4%
8/11/2017Factory sales of passenger vehicles in China grew 4% in July to 1.68 million units, according to the China Assn. of Automobile Manufacturers.
VW Diesel Probe in Germany Expands to 38 Suspects
8/11/2017Prosecutors in Germany say they had added another suspect to their criminal investigation into diesel emission cheating at Volkswagen AG.
GM Logo Designer Alan Peckolick Dies
8/11/2017Alan Peckolick, the graphic designer responsible for the most recent version of General Motors Co.’s logo, died earlier this month at the age of 76.
Ram Ups Torque for 2018 Heavy-Duty Pickup
8/11/2017Fiat Chrysler Automobiles NV says the top-rated version of its 2018 Ram 3500 Heavy Duty pickup truck with a 6.7-liter diesel inline-six engine will generate a class-leading 930 lb-ft of torque, up 30 lb-ft over the outgoing model.