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Daimler Sues SKF to Recover Price-Fixing Costs
7/4/2017Daimler AG is suing Swedish ball bearing supplier SKF Group to recover €59 million in overpayments, the supplier says.
VW to Make EV Motors in China
7/4/2017Volkswagen AG is spending 115 million yuan ($17 million) to prepare its transmission plant in Tianjin, China, to make motors for electric vehicles.
June Sales Rise in France, Italy, Spain
7/4/2017New-car registrations gained last month in France, Italy and Spain, according to trade groups and government agencies.
Bosch Predicts 7% Revenue Gain from Auto Business
7/4/2017Robert Bosch GmbH says it expects its automotive operations will generate €47 billion ($53.3 billion) in sales this year.
U.S. Car Sales Shrank 3% in June
7/3/2017Deliveries of new cars and light trucks in the U.S. declined last month to 1.47 million units from 1.52 million vehicles in June 2016, Autodata Corp. reports.
Honda, Hitachi Launch EV Motor Venture
7/3/2017Today Honda Motor Co. and Hitachi Automotive Systems Ltd. launched their previously announced joint venture company to develop and produce electric motors for hybrid and all-electric vehicles.
Toyota Cut Last-Minute Production Inventories
7/3/2017Toyota Motor Corp. is rolling out a technique in Japan that can reduce 90% of supplier inventory space needed to adjust for last-minute changes in final assembly schedules, The Nikkei reports.
Alpine Launches Wireless CarPlay Aftermarket Receiver
7/3/2017Alpine Electronics Inc. has begun selling what it claims is the first wireless aftermarket dashboard receiver for Apple Inc.’s CarPlay technology.
Tesla Says Model 3 Has Cleared Regulatory Approvals
7/3/2017Tesla Inc. says its $35,000 Model 3 electric sedan has received all government certifications and will be delivered to the first 30 customers on July 28.
Carmakers Cut Prices as India Debuts National Sales Tax
7/3/2017Maruti Suzuki Ltd., India’s largest carmaker, has become the first carmaker to lower prices as the country launches a new nationwide goods and services tax.