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Waymo, Avis Budget Partner on Self-Driving-Car Test
6/26/2017Rental car giant Avis Budget Group has agreed to provide maintenance services and fleet support for self-driving test vehicles operated in Phoenix by Alphabet Inc.’s Waymo driverless car unit.
Tesla Expands Credit Line Ahead of Model 3 Launch
6/26/2017Tesla Inc. has added about $800 million to its previous $3 billion in credit agreements as it prepares to launch production later this summer of its $35,000 Model 3 electric sedan.
Keller, Mercer Form Consulting Partnership for Tech Startups
6/26/2017Longtime auto industry consultants Maryann Keller and Glenn Mercer are launching a new partnership to help tech startups and investors enter the auto industry.
Germany May Demand Software Updates for 12 Million Diesels
6/26/2017Germany’s Transport Ministry is in talks with several carmakers about updating the emission control software in 12 million of the diesel-powered vehicles they sold in Europe.
VW Grants 14% Pay Hike to End Strike in Slovakia
6/26/2017Volkswagen AG has agreed to give its hourly workers in Bratislava, Slovakia, a 14.1% wage increase over two years.
Report Blasts Audi Board Indecisiveness
6/26/2017An internal assessment by Audi AG managers complains of a “disastrous” lack of leadership by the Volkswagen Group unit’s executive board, including CEO Rupert Stadler, Bild am Sonntag says.
Takata Files for Bankruptcy in U.S., Japan
6/26/2017As expected, airbag maker Takata Corp. has filed for bankruptcy protection in Japan and the U.S. and intends to sell most of its assets to U.S.-based Key Safety Systems Inc.
Top Target of VW Diesel Probe Advised Not to Leave Germany
6/26/2017The former head of engine development at Volkswagen AG has been advised not to leave Germany because he could be arrested as part of a U.S. probe about diesel emission cheating, Bild reports.
Mitsubishi Motors Targets 40% Production Hike in 3 Years
6/23/2017Mitsubishi Motors Corp. tells shareholders it aims to boost its annual production to at least 1.5 million units in fiscal 2019 compared with 1.1 million units for the 12-month period that ended March 31.
Alfa Romeo Vows to Shun Sales Incentives in U.S.
6/23/2017The head of Fiat Chrysler Automobile NV’s Alfa Romeo brand tells reporters the unit won’t offer discounts on cars it ships to the U.S.