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U.K. Tax Change Cuts Car Sales 20%
5/4/2017New-car registrations in the U.K. plunged 20% to 152,100 units in April as a steeper vehicle excise tax took effect, the Society of Motor Manufacturers and Traders reports.
Ferrari’s Profits Surge
5/4/2017Ferrari NV sold 2,000 cars in the first quarter, boosting revenue 22% to €821 million ($898 million) and hiking net profit 60% to €124 million ($136 million).
VW Pushes for More Productivity Gains
5/4/2017Volkswagen AG’s profits are reviving this year after first-quarter. But the company’s core nameplate still must become “much more” productive just to equal its rivals, warns VW brand chief Herbert Diess.
ZF, Faurecia to Partner on “Cockpit of the Future”
5/4/2017Mega-suppliers ZF Friedrichshafen AG and Faurecia SA have agreed to work together on next-generation interior and safety technologies for self-driving cars.
Intel Opens Advanced Vehicle Lab in Silicon Valley
5/4/2017Chipmaker Intel Corp. has opened its Advanced Vehicle Lab in San Jose, Calif.
India Aims to Go All-Electric by 2030
5/4/2017By 2030, India plans to completely phase out sales of gasoline- and diesel-powered vehicles in favor of full-electric models.
FCA Honors Top N. American Suppliers
5/4/2017Fiat Chrysler Automobiles NV gave “Supplier of the Year” awards to 16 North American suppliers at a ceremony this week in Detroit.
Magna Creates Tech Council
5/4/2017Magna International Inc. has created a technology advisory council to help the company identify new business opportunities.
BMW Posts Record Sales, Revenue and Earnings
5/4/2017BMW AG’s net profit climbed 31% to a record €2.1 billion ($2.3 billion) in January-March. Group revenue grew 12% to a record €23.4 billion ($25.6 billion).
No “Smoking Gun” Yet in Waymo’s Tech Theft Lawsuit
5/4/2017Autonomous car-developer Waymo has shown that former executive Anthony Levandowski downloaded about 14,000 documents about the company’s technology before he quit, according to a federal court in San Francisco.