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Aug
12th

Lotus CEO Jean-Marc Gales says brand is poised to return to profit this year

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Jean-Marc Gales was forced to cut costs in a bid to achieve his goal of making Lotus profitable when he became CEO just over two years ago.
Aug
11th

Karma targets Tesla with $115,000 solar-boosted hybrid

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Karma Automotive, the Chinese-owned carmaker once known as Fisker Automotive, has taken another step in its resurrection with the online reveal of a plug-in hybrid sedan that seeks to compete with Tesla's Model S electric car.
Aug
11th

Michigan owns Tesla stock despite sales ban, report says

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The State of Michigan may have a ban on direct sales of Tesla vehicles, but the Michigan Department of Treasury has 339,623 shares worth $72 million invested for state retirement funds in Tesla Motors stock, according to a published report.
Aug
11th

Subaru to introduce all-electric crossover by 2021, report says

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Subaru plans to launch an all-wheel drive electric vehicle in the U.S. by 2021 to meet more stringent emissions regulations, a Japanese newspaper reported.
Aug
11th

Mercedes-Benz gives luxury coupe a spin ahead of California show

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Mercedes-Benz released a sneak preview of a new ultra-luxury Maybach coupe in a sign that Daimler is continuing its push upmarket to turn up the heat on BMW, which owns the Rolls-Royce brand.
Aug
11th

Keyless systems of older VW cars can be hacked, researchers say

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Tens of millions of vehicles sold by Volkswagen AG over the past 20 years are vulnerable to theft because keyless entry systems can be hacked using cheap technical devices, according to European researchers.
Aug
11th

New Audi R8 ad banned by the ASA

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News 11 Aug, 2016

Advertising Standards Authority claimed that the Audi R8 advert linked speed with excitement, going against motoring commercial regulations

Aug
11th

VW plaintiffs’ lawyers to seek up to $332.5 million in fees, costs from emissions settlement

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Lawyers representing plaintiffs in a $10 billion settlement over claims that Volkswagen outfitted vehicles with software to cheat on emissions testing said they will seek up to $332.
Aug
11th

Hillary Clinton pitches tax changes, infrastructure investment in Detroit area speech

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Hillary Clinton cast a distinct tone from her Republican rival for president, highlighting Detroit's post-bankruptcy momentum and painting herself as the candidate of income fairness and middle-class workers.
Aug
11th

SAIC to move from ‘besieged city’ to service provider – president

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SAIC says it will transform itself from a traditional provider of automobiles to a full service operation as the landscape of the Chinese car industry evolves.
Aug
11th

Ford employee shot and killed outside Kansas City plant

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A Ford employee was shot and killed this morning in the parking lot outside the Kansas City Assembly Plant, which makes the F-150 pickup and Transit van. The shooting occurred around 4:07 a.m.
Aug
11th

Ford, FCA begin Canada contract talks with Unifor

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Unifor opened talks on new labor contracts with Ford and Fiat Chrysler, kicking off a round of negotiations the union has framed as critical to the future of auto manufacturing in Canada.
Aug
11th

Supplier M&A deals revving up

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The value of automotive supplier consolidation deals continues to soar according to Bloomberg data.
Aug
11th

Schaeffler Q2 profit jumps on strong component demand, cost cuts

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Schaeffler's second-quarter profit rose 14 percent helped by growing demand for its auto components and cost savings at its industrial division.
Aug
11th

Sumitomo to sell fuel cells for CVs – report

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Sumitomo Corp. will reportedly start selling fuel cells for commercial vehicles through a partnership with California-based manufacturer US Hybrid, according to a report.
Aug
11th

Saipa sets up parts team as fruits of Citroen JV

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Saipa says it has established a special division specifically to examine exporting Iranian parts as the positive fall-out from Tehran's readmission to the international business community gathers pace.
Aug
11th

Hyundai shows tease pics of new Hyundai i30 ahead of Paris

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Hyundai has shown teaser pics of the next generation Hyundai i30 ahead of the model's world premiere next month.
Aug
11th

Mercedes on pace to win 2016 global sales crown from BMW

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Mercedes-Benz sales through July rose at more than twice the pace of arch-rival BMW's, keeping it on course to reclaim the global luxury vehicle lead this year thanks to a sportier lineup and a new crop of SUVs.
Aug
11th

Schaeffler H1 revenue up 2.9% at EUR6.7bn

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Schaeffler has published a set of financial results and says it continues to grow profitably. The privately held company generated EUR6.7bn (US$7.480bn) in revenue in the first six months of 2016
Aug
11th

2016 Pebble Beach Concours – world debuts

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The 65th Pebble Beach Concours d'Elegance and associated events took place on California's Monterey Peninsula between 16 and 21 August. The following is a list of concept and new model world premieres.
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