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Car Sales Climb 7% in Russia
5/11/2017Demand for new passenger cars and light commercial vehicles grew 7% to 129,500 units in April, reports the Moscow-based Assn. of European Businesses.
Iran Khodro Partners with Pininfarina on New Platform
5/11/2017Iran Khodro Co. has signed a memorandum of understanding with nine suppliers to develop a modular platform that will underpin several new IKCO-branded models.
BMW Teases 8 Series Coupe
5/11/2017Confirming previous media reports, BMW AG CEO Harald Krueger says the carmaker will launch an all-new 8 Series coupe next year in Europe.
Linamar Reports Double-Digit Earnings Growth
5/11/2017Canada’s Linamar Corp.’s operating and net earnings surged in the first quarter of 2017 by 12% to C$192 million ($140 million) and 15% to C$145 million ($106 million), respectively.
Ford’s U.S. Marketing Director Quits
5/11/2017Chantel Lenard, executive director of U.S. marketing at Ford Motor Co., has quit after 25 years with the carmaker.
New York State Agrees to Permit Tests of Self-Driving Cars
5/11/2017New York state has launched a one-year pilot program that will allow developers to test autonomous vehicles on public roads.
Mazda to Test U.S. Market for Diesels
5/11/2017Mazda Motor Corp. tells reporters it will offer diesel option in U.S. versions of its CX-5 crossover vehicle this autumn to gauge American demand for the engine.
PSA Shareholders Approve Opel Purchase
5/10/2017As expected, PSA Group shareholders overwhelmingly approved a finance plan to buy Adam Opel AG from General Motors Co. for €2.2 billion ($2.4 billion).
German Prosecutors Add VW CEO Mueller to Diesel Enquiry
5/10/2017Prosecutors in Stuttgart, Germany, have added Volkswagen Group CEO Matthias Mueller to a list of executives being probed on claims they hid VW’s diesel emission cheating from investors, WirtschaftsWoche reports.
New Hummer H1 SUVs Exported to China
5/10/2017Saint Clair, Mich.-based Humvee Export has contracted VLF Automotive to build replicas of the Hummer H1 SUV for sale in China.