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Toyota’s Net Profit Rises, But Operating Profit Falls
8/4/2017Toyota Motor Corp.’s net profit grew 11% to 613 billion yen ($5.5 billion) in the fiscal first quarter ended June 30.
Former VW Exec Pleads Guilty in Diesel Cheating Scandal
8/4/2017Oliver Schmidt, who once headed Volkswagen AG’s emission engineering center in Michigan, pleaded guilty today in a Detroit court of conspiring to defraud the U.S. and violate the country’s Clean Air Act.
Toyota Patents Solar Panel Route Optimization System
8/4/2017Toyota Motor Corp. has received a U.S. patent for a system for cars equipped with solar panels that estimates their sunlight exposure over various travel routes.
Nissan Adds Rear-Seat Reminder Tech
8/4/2017Nissan Motor Co. is launching its “Rear Door Alert” (RDA) technology in the 2018 Pathfinder SUV this September to help prevent drivers from inadvertently leaving a child in the back seat.
Volvo to Supply Engines for Geely-Brand Vehicles
8/4/2017Volvo Car Corp. has agreed to supply engines for Geely-branded vehicles made by its Chinese parent, Zhejiang Geely Holding Group, sources tell Reuters.
GM Sales in China Rose 6% in July
8/4/2017General Motors Co. and its joint ventures in China sold a record 287,600 vehicles last month, up 6% from July 2016.
Delphi’s Second-Quarter Income Jumps 42%
8/4/2017Delphi Automotive plc reports its net income in the second quarter of 2017 surged to $386 million from $271 million a year earlier.
Ford Broadens Carbon Monoxide Probe of Police Explorer SUVs
8/3/2017Ford Motor Co. has stepped up its investigation into reports about carbon monoxide gas leaking into Explorer SUVs used by police departments, The Detroit News reports.
ZF Eyes Another Large Acquisition
8/3/2017CEO Stefan Sommer says ZF Friedrichshafen AG is financially strong enough to make another big acquisition similar in size to its $13.5 billion takeover of TRW Automotive Holdings Corp. two years ago.
Conti: Piston Engine Development in Germany Will Stop in 6 Years
8/3/2017Continental AG predicts that carmakers in Germany will stop developing new piston engines in about 2023 and refocus their efforts on electric powertrains instead.