CompositesWorld

Calsonic Lines Up $5.9 Billion Bid for Magneti Marelli

Japanese parts supplier Calsonic Kansei has arranged about €5 billion ($5.9 billion) in bank funding for its bid to acquire Fiat Chrysler Automobile’s Magneti Marelli parts affiliate, sources tell Reuters.

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Audi Readies A8-Based “Horch” Flagship Sedan

Audi AG reportedly is developing a new top-end version of its A8 large sedan that could debut as soon as 2020.

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Automotive

Fletcher Named VP of Innovation for GM

General Motors Co. has appointed Pamela Fletcher to the new position of vice president of innovation, effective Oct. 1.

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economics

Oil Prices Jump to 4-Year High

Oil futures neared a four-year high of $81 per barrel in Europe today after major oil producers outside the U.S. decided yesterday against raising output.

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Automotive

Report: Toyota to Add Android Auto in U.S.

Toyota Motor Corp. has finally agreed to add Google Inc.’s Android Auto smartphone connectivity system to its vehicles in the U.S., sources tell Bloomberg News.

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Automotive

Mercedes Will Launch Ride-Hailing Service at BASF Campus

Daimler AG’s Mercedes-Benz Vans unit has partnered with BASF SE to develop mobility programs for the chemical giant, starting with a ride-sharing service for a BASF campus in Ludwigshafen, Germany.

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Automotive

Ford Shows Autonomous Big Rig Concept

Ford Motor Co. took the wraps off an electric semi-truck with Level 4 autonomous driving capabilities at last week’s IAA commercial truck show in Hannover, Germany.

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hybrid

Freudenberg Takes on Electrification

Freudenberg Group is adjusting its automotive operations as carmakers turn to electrification, notes Matthew Chapman, vice president of sales and marketing for the company’s e-Mobility business.

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Lincoln to Revamp Stalled Subscription Service

Ford Motor Co.’s Lincoln brand reports very weak consumer interest in its vehicle subscription plan, which offers access to multiple models.

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Porsche Phases Out Diesels

Porsche AG, citing shrinking demand, says it will phase out diesels as it shifts to electrified powertrain options.

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