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Carmakers Spending More in U.S. on Sales Incentives than Production Labor
3/2/2017Carmakers in the U.S. are spending $2,500 on labor to build a vehicle—and more than $3,800 on retail discounts to sell it, according to The Wall Street Journal.
Tesla’s EV Revenue Triples in China
3/2/2017Tesla Inc.’s revenue from the sale of electric cars in China tripled to more than $1 billion last year, offsetting a 33% drop from 2014 to 2015, according to a regulatory report.
VW Exec Faces April Trial in Diesel Cheating Scandal
3/2/2017A federal district court judge in Detroit has set an April 18 start date for the trial of Volkswagen AG executive Oliver Schmidt.
U.S. Car Sales Slipped 1% in February
3/1/2017Passenger-vehicle sales in the U.S. dipped to 1.33 million units last month from 1.35 million cars and light-duty trucks in February 2015, according to Autodata Corp.
McLaren Supercar to Get Retractable Instrument Panel
3/1/2017McLaren Automotive Ltd.’s second-generation Super Series model will have an adjustable instrument cluster display that can be flipped on its side and retracted into the dashboard.
Ford Likely to Cut 1,100 Jobs at U.K. Engine Plant
3/1/2017Ford Motor Co. says it will eliminate two-thirds of the workforce—more than 1,100 jobs—at its engine plant in Bridgend, U.K., by 2021 unless it can find new contracts for the facility. the Financial Times reports, citing a report Ford showed to workers.
Nissan Could Face $600 Million-Plus Tariff Burden after Brexit
3/1/2017Nissan Motor Co. says new tariffs on the vehicles it makes in the U.K. could reach £500 million ($620 million) or more per year if the country fails to negotiate free trade agreements with Europe after leaving the EU two years from now.
Singapore Firm Teams with Williams Engineering on EV Supercar Concept
3/1/2017Singapore’s Vanda Electrics will publicly unveil its concept Dendrobium supercar next week at the Geneva auto show.
Mahindra Plans Its First Overseas Assembly Plant
3/1/2017India’s Mahindra & Mahindra Ltd. tells reporters in Mumbai that it is looking for locations to build its first overseas assembly plant.
Panasonic Supplies Solar Roof Panel for Prius
3/1/2017Panasonic Corp. says it is supplying the photovoltaic solar roof array for Toyota Motor Corp.’s Prius PHV plug-in hybrid sedan in Japan.