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Volvo Trucks Demos Platooning Tech
3/16/2017AB Volvo has completed tests of three of its VNL 670 heavy-duty trucks in a partially automated platoon on Los Angeles highways.
Lucid to Start EV Pricing at $52,000
3/16/2017Lucid Motors Inc. says the base price of its Air electric vehicle will be $60,000, excluding tax credits. This would undercut the starting price of a Tesla Model S electric sedan by more than $11,000.
Kumho Tire Equity Sale Sparks Threat of Lawsuit
3/16/2017Chinese tiremaker Qingdao Doublestar Co. has signed a deal to pay 995 billion won ($843 million) to buy a 42% stake in South Korea’s Kumho Tire Co.
Report: Ford, Mahindra Probe Global Alliance
3/16/2017Ford Motor Co. and Mahindra & Mahindra Ltd. have begun to explore a partnership that would go beyond capacity sharing in India to a global alliance that includes U.S.-based product development and technology sharing.
Car Production at Record High in Turkey
3/16/2017Output by Turkey’s auto industry jumped 22% to a record 266,500 units in January-February, according to the country’s Automotive Industry Assn. (OSD).
Tesla Plans $1 Billion Stock and Notes Offering
3/16/2017Tesla Inc. hopes to raise $1 billion in new capital by selling $250 million in common shares and $750 million in convertible notes.
Marchionne Gets Coy About VW Merger
3/15/2017A week ago CEO Sergio Marchionne opined that Fiat Chrysler Automobiles NV would be a good acquisition for Volkswagen AG. This week VW CEO Matthias Mueller suggested that Marchionne contact him direct to outline his interest. Now Marchionne says it will be up to Mueller to make the first move.
Bosch Will Follow Its Own Road in Autonomous Tech
3/15/2017Robert Bosch GmbH says it will continue to develop its own sensor technology for autonomous vehicles rather than buy it.
Carmakers Get One Year to Argue for Lower Fuel Economy Goals
3/15/2017President Donald Trump says carmakers will have another year to make a case for easing a regulation that requires their cars to average more than 50 mpg in by 2025.
Federal Reserve Raises Interest Rates 0.25%
3/15/2017As expected, the Federal Reserve has raised its benchmark interest rate by 0.25 points to a range of 0.75%-1.0%.