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Report: Toyota, Mazda May Partner on U.S. Car Plant
8/3/2017Toyota Motor Corp. and Mazda Motor Corp. plan to take equity positions in each other that could lead to a jointly operated auto assembly plant in the U.S., sources tell The Nikkei.
Bimmer Fuel Cell Model in the Works?
8/3/2017BMW AG is developing a fuel cell-powered version of its upcoming X7 SUV. The fuel cell model will be unveiled at next month’s Frankfurt auto show, according to BMWBlog.com, which doesn’t cite its sources.
Tata Suspends Plans for Sporty Sub-Brand
8/3/2017India’s Tata Motors Ltd. has halted plans for its Tamo sub-brand and Racemo sporty car, Autocar reports.
China Group Buys Majority Stake in German Lightweighting Specialist
8/3/2017China’s Fosun International Ltd. and its Nanjing Nangang Iron & Steel United Co. joint venture unit have acquired an unspecified majority stake in Germany’s Koller Beteiligungs GmbH.
Peer-to-Peer Ridesharing Company Expands Globally
8/3/2017Arcade City, a 14-month-old ridesharing company in Austin, Tex., plans to expand its peer-to-peer app from to 155 countries through Apple Inc. and Google Inc.’s smartphone app stores.
U.S. Sales Drive Subaru’s 18% Operating Profit Jump
8/3/2017Subaru Corp. hiked April-June revenue 11% to 855 billion yen ($7.7 billion) as unit sales climbed 11% to 271,300 vehicles.
BMW Net Profit Climbs 14%
8/3/2017BMW AG reports its net profit surged 14% to €2.2 billion ($2.6 billion) in April-June.
Consortium Plans Giant Battery-Making Complex in Europe
8/3/2017Terra E Holding GmbH plans to choose the European location next month for a huge lithium-ion battery plant to rival the output of Tesla Inc.’s “gigafactory” in Nevada.
Car Sales Rise in Germany, Italy, Spain
8/3/2017New-car registrations in Germany climbed 2% in July to 283,100 units, according to KBA, the country’s vehicle authority.
Tesla's Second-Quarter Losses Deepen
8/2/2017Tesla Inc. more than doubled revenue to $2.8 billion in the second quarter. But the company’s net loss expanded to $336 million from $239 million.