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Audi Affirms Plans for New EVs, Launches Mobility Business Unit
3/15/2017Volkswagen AG’s Audi unit says it will introduce three electric models by 2020 and electrify other vehicles in subsequent years.
Audi Offices Raided in German Probe of Diesel Cheating Scandal
3/15/2017German prosecutors raided several Audi AG facilities earlier today as part of an investigation into Audi’s role in Volkswagen AG’s use of illegal software to evade diesel emission standards.
GM Adds Powertrain Jobs in Michigan
3/15/2017General Motors Co. says it will add about 220 new jobs in Michigan over the next year to boost output of a fuel-efficient 10-speed transmission.
Aston Martin Steers Clear of Self-Driving Cars
3/15/2017Don’t expect Aston Martin Lagonda Ltd. to join the race toward autonomous vehicles anytime soon.
Magna Touts Lightweight Carbon Fiber Subframe
3/15/2017Magna International Inc. has partnered with Ford Motor Co. to develop a prototype carbon fiber composite subframe that cuts mass by 34% compared with a stamped steel unit.
Malaysia Hints that Proton May Sell Majority Stake
3/15/2017Struggling carmaker Proton Holdings Bhd may be prepared to sell more than half its equity to a foreign partner, The Star reports.
Tata Offers Early Retirement for 500 Managers
3/15/2017Tata Motors Ltd. has launched a voluntary retirement plan in a bid to eliminate as many as 500 managers.
L.A. Dealer Group Pays $3.6 Million to Settle FTC Charges
3/15/2017Sage Automotive Group in Los Angeles has agree to pay customers more than $3.6 million to settle charges by the Federal Trade Commission that it used deceptive advertising, sales and financing practices.
Dozens of U.S. Cities Offer to Buy 114,000 EVs
3/15/2017Some 30 U.S. cities have agreed to begin the process of ordering 114,000 electric cars and trucks under an initiative being coordinated by Los Angeles Mayor Eric Garcetti.
VW’s Mueller Signals Willingness to Discus Merger with FCA
3/14/2017Volkswagen AG CEO Matthias Mueller tells reporters he’s “not ruling out a conversation” with Fiat Chrysler Automobiles NV CEO Sergio Marchionne about merging the two companies.