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Four Carmakers Settle Takata Airbag Lawsuits for $554 Million
5/19/2017Four carmakers— BMW, Mazda, Subaru and Toyota—have agreed to spend a combined $554 million to settle class-action lawsuits to compensate U.S. customers for replacing the Takata Corp. airbag inflators in their vehicles.
UPDATE: Trump Administration Begins NAFTA Review
5/18/2017Newly confirmed U.S. Trade Rep. Robert Lighthizer has formally notified Congress that the Trump administration intends to renegotiate the North American Free Trade Agreement.
Volvo Gears Up for Local Car Production in India
5/18/2017Volvo Car Corp. plans to begin local production of its XC90 luxury crossover vehicle in India by the end of this year.
Daimler Partners on U.S. Home Electric Power Storage System
5/18/2017Daimler AG and Utah-based solar panel maker Vivint Solar Development LLC. are collaborating to market battery-based home power storage systems in the U.S.
Stadler Promises Audi Shareholders an Ethical Future
5/18/2017Audi CEO Rupert Stadler told stockholders today they can expect no more unethical conduct in the aftermath of parent company Volkswagen AG’s widespread diesel emission cheating scandal, Reuters reports.
GM Abandons Car Markets in India, South Africa
5/18/2017General Motors Co. is phasing out local-market activities in India and South Africa.
Electric Car Sets New ‘Ring Record
5/18/2017China’s NextEV Inc. says it set a new lap record this month for Germany’s Nurburgring Nordschleife course with a lap time of six minutes and 45 seconds for the carmaker’s Nio EP9 all-electric supercar.
Subaru Mulls Supplier Switch for Autonomous-Vehicle Cameras
5/18/2017Subaru Corp. is evaluating Autoliv Inc. along with current supplier Hitachi Automotive Systems Ltd. to supply stereo cameras for its next-generation EyeSight technology for automated vehicle systems, Bloomberg News reports.
VW Diesel Scandal Creeps Closer to Top Management
5/18/2017Internal emails and other communications at Volkswagen AG imply that high-level VW executives knew of the company’s efforts to develop and implement cheater software to sidestep emission tests, The New York Times says.
Indonesia Yearns for Greater Export Volumes
5/18/2017Indonesia is urging its largest local carmaker, Toyota Motor Corp., to hike its exports from the country, pointing to Australia as a good target for growth.