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Santander Pays $25 Million to Settle Subprime Loan Complaints
3/29/2017Banco Santander SA has agree to pay $25 million to settle claims it used illegal practices to push subprime car loans on U.S. consumers with poor credit.
Skoda Concept Envisions Autonomous EV
3/29/2017Volkswagen AG’s Skoda unit says its new Vision E concept electric vehicle has an estimated driving range of 500 km (311 miles) and can operate autonomously under a variety of conditions.
Mitsubishi Touts Support for Renault, Nissan in SE Asia
3/29/2017Mitsubishi Motors Corp. says it could help the Renault-Nissan Alliance, which it joined last October, boost sales and profits in southeast Asia.
London, Paris Debut Scoring Scheme for Vehicle Emissions
3/29/2017The cities of London and Paris are adopting an emission rating system to help buyers identify the market’s cleanest—and dirtiest—diesel and gasoline cars and vans.
Report: Top Opel Execs to Get Big Bonuses from PSA Sale
3/29/2017Opel AG’s top nine executives could share as much as €30 million ($32 million) in bonuses if the company’s sale to PSA Group is successful, Manager Magazin reports.
GM to Make EV Batteries in China
3/29/2017General Motors Co. plans to open an assembly plant for lithium-ion batteries in Shanghai to support its rollout of electrified vehicles in China.
VW Files Complaint About Law Office Search in Diesel Scandal
3/29/2017As expected, Volkswagen AG has filed a complaint against German prosecutors who two weeks ago raided the law offices of Jones Day, the firm VW hired to investigate the carmaker’s diesel emission cheating scandal.
U.K. Begins EU Exit Process
3/29/2017Today the U.K. formally notified the European Union that it will quit the 27-nation group.
Ford Calls Back 441,400 Vehicles for Engine, Door Latch Flaws
3/29/2017Ford Motor Co. is launching one recall and expanding another to fix engine leaks and replace door latches in 441,400 of its vehicles located in North America.
Toyota Prius, RAV4 Hybrids Win Canadian “Green” Vehicle Awards
3/29/2017Toyota Motor Corp.’s Prius and RAV4 (pictured) hybrid-electric vehicles have been named the Canadian Green Car and Green Utility of the Year by the Automobile Journalists Assn. of Canada (AJAC).