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GM Hikes Estimated Charges on Opel Sale by 22%
6/27/2017General Motors Co. says it will book a charge of $5.5 billion (€4.9 billion) for the sale of its money-losing Adam Opel unit, up from an initial estimate of $4.5 billion.
Nvidia Inks Deep Learning Development Deals with Volvo and VW
6/27/2017California chipmaker Nvidia Corp. has signed separate agreements with Volvo Car Group and Volkswagen AG to develop “deep learning” artificial intelligence systems for autonomous vehicle technologies.
Toyota Adds Level 2 Autonomy to Lexus LS Sedan
6/27/2017Toyota Motor Corp. says its redesigned Lexus LS luxury sedan will offer an array of driver aids that “can lead to automated driving.”
Aston Martin Trims EV Project
6/27/2017Aston Martin Lagonda Ltd. tells Reuters it will cut production plans for its all-electric RapidE luxury sedan by two-thirds after Chinese internet giant LeEco dropped out of the project.
BMW Unveils New $600 Million Expansion at U.S. Plant
6/27/2017BMW AG says it will spend $600 million between 2018 and 2012 to expand capacity at its SUV plant in South Carolina, creating 1,000 jobs in the process.
Carmakers Expect to Pay Most Takata Recall Costs
6/27/2017Takata Corp.’s bankruptcy is all but certain to leave carmakers to cover most of the expense of recalling and replacing the supplier’s faulty airbag inflators.
GM Trims Sales Forecast for U.S. Car Market
6/26/2017General Motors Co. tells analysts it now expects new car and light-truck sales in the U.S. will drop to the “low 17 million” range from 17.55 million vehicles in 2016.
FEV to Expand Auburn Hills Tech Center
6/26/2017Germany’s FEV GmbH is adding a vehicle testing center at its Auburn Hills, Mich., complex.
Geely to Shift Some Vehicle Production to Proton Plant in Malaysia
6/26/2017China’s Zhejiang Geely Holding Group Co., which is in the process of acquiring a 40.9% stake in Malaysian carmaker Proton Holdings Bhd., plans to make Malaysia its manufacturing hub for Geely right-hand-drive cars after the deal is completed.
Audi, Schaeffler Partner on Formula E Racing Drivetrain
6/26/2017Audi AG and Schaeffler AG have signed an agreement to co-develop the drivetrain for Audi’s Formula E electric race car.