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Hyundai’s Earnings Drop 21%
4/26/2017Net profit for Hyundai Motor Co. in the first quarter shrank 21% to 1.4 trillion won ($1.2 billion), marking the 13th consecutive decline in the company’s year-on-year results.
FCA’s First-Quarter Profit Jumps 27%
4/26/2017Fiat Chrysler Automobiles NV reports its adjusted net profit in January-March surged 27% to €671 million ($731 million).
BMW M550d Gets Quad-Turbo Diesel
4/26/2017BMW AG’s 2017 M550d midsize performance model will be powered by the company’s new quad-turbo 3.0-liter straight-six diesel engine.
UPDATE: CR Lowers Rating on Tesla EVs
4/26/2017Consumer Reports magazine has temporarily lowered its rating for Tesla Inc.’s Model S and Model X electric cars because of the carmaker’s delay in restoring automatic emergency braking as a standard feature.
Michigan Approves More Funding for Autonomous Vehicle Test Center
4/26/2017The Michigan Strategic Fund has approved another $15 million in funding for the American Center for Mobility (ACM) to build an autonomous vehicle testing complex in Ypsilanti Township, Mich.
European Truck Sales Rose 10% in March
4/26/2017Registrations of new commercial trucks in Europe totaled 275,100 units last month compared with 249,400 vehicles in March 2016, according to ACEA.
California Asked to Further Ease Rules for Self-Driving Cars
4/26/2017Carmakers are urging California to further ease proposed rules for testing autonomous vehicles and let the National Highway Traffic Safety Administration handle most of the oversight.
Ghosn: No Merger Ahead for Nissan, Mitsubishi
4/26/2017Nissan Motors Corp., which acquired a controlling 34% stake in Mitsubishi Motors Corp. in October, has no plan to fully combine the two companies, says Carlos Ghosn, chairman of both carmakers.
Conti Begins Slow Pivot from Piston to Electric Tech
4/26/2017Continental AG says it will invest another €300 million ($328 million) on its electric powertrain business by 2021.
French Billionaire Bollore Abandons EV Strategy
4/26/2017French tycoon Vincent Bollore is abandoning his plan to compete in the electric-car market with such established European carmakers as Renault and Volkswagen, Bloomberg News reports.