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9% Expansion in 5 Years for S. Korea’s Carmaker Workforce
4/17/2017South Korea’s five carmakers expanded their combined domestic workforce 9% to 126,700 people between 2011 and 2016, according to their annual reports.
Europe’s Demand Soars for Small SUVs
4/17/2017Sales of small SUV/crossover vehicles in Europe jumped 17% to 1.4 million units last year and are likely to surge more than 40% to more than 2 million units in 2018, according to LMC Automotive and JATO Dynamics.
India Second Only to China in Vehicle Sales Growth Rate
4/14/2017Last year India’s sales of passenger cars and commercial trucks expanded 7% to 3.7 million units, a growth rate second only to China’s 14% increase to 28.0 million units among the world's largest markets, according to global automaker group OICA.
Takata Rescue Talks Continue
4/14/2017Talks between Takata Corp. and a potential financial savior about bailing out the struggling airbag supplier have been extended beyond an informal April 1 deadline to reach a deal, Reuters says.
Apple Gets License to Test Autonomous Cars in California
4/14/2017Apple Inc. has been licensed by California to test self-driving vehicles on the state’s public roads, according to the state's Dept. of Motor Vehicles.
Suzuki Forms JV in India to Make Lithium-Ion Batteries
4/14/2017Suzuki Motor Corp. says it has agree to launch a lithium-ion batterymaking venture in India by the end of this year with Toshiba Corp. and Denso Corp.
Marchionne Backpedals on FCA-VW Merger Quest
4/14/2017Fiat Chrysler Automobiles NV is “not in a position” to discuss a merger with Volkswagen AG and instead will focus on its own business plan, CEO Sergio Marchionne tells investors.
Bosch Patches Security Flaw in Smartphone App
4/14/2017Robert Bosch GmbH has issued a software update to fix a security flaw that enables hackers to remotely take control of a moving vehicle and bring it to a stop.
VW “Way Ahead” on U.S. Diesel Buyback Program
4/14/2017Volkswagen AG say it has already reacquired half the 475,000 diesel-powered cars it sold in the U.S. that had been rigged to cheat emission laws, The Wall Street Journal reports.
Karma to Move Calif. Headquarters
4/14/2017Karma Automotive LLC says it has purchased a 260,000-sq-ft facility in Irvine, Calif., that will serve as its new headquarters.