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Autos Automobiles and Components

  • BERLIN, March 16- Carmakers and suppliers gave widely differing timelines for the introduction of self-driving vehicles on Thursday, showing the uncertainties surrounding the technology as well as a split between cautious established players and bullish new entrants. Chief Executive Jens-Hsun Huang forecast carmakers may speed up their plans in the...

  • LJUBLJANA, March 16- Car parts maker Magna International has submitted a plan to potentially invest up to 1.24 billion euros in Slovenia and create around 6,000 jobs, the government said on Thursday. "The final goal is the establishment of an entirely functional car plant in Slovenia with capacity of 100,000 to 200,000 vehicles per year," the government said in a...

  • DETROIT, March 16- A federal judge in Detroit on Thursday ordered that a Volkswagen AG executive charged in the automakers diesel emissions scandal be detained until his trial set for January 2018. Oliver Schmidt, who was the chief of Volkswagen's environmental and engineering center in Michigan, has been held since January when he was arrested in Miami trying...

  • DETROIT, March 16- Hyundai Motor Co will recall about 978,000 Sonata cars in the United States because of a seat belt glitch that has led to one minor injury, according to a report filed on Thursday by the South Korean automaker with U.S. regulators.

  • The company said it would also move to use more locally sourced components, an area carmakers in Britain are focusing on as a way to overcome currency fluctuations and potentially meet new local content rules which could come into force after Britain leaves the European Union. Toyota said last week that it could delay a decision on whether to build its...

  • LONDON— Toyota says it will invest 240 million pounds in the U.K. despite the economic uncertainty surrounding the country's departure from the European Union. The Japanese carmaker says that although the investment shows confidence in Britain, access to the European market that is "predictable and uncomplicated will be vital for future success."

  • MILAN— European car sales grew 2.2 percent in February to over 1 million vehicles— close to the level in 2008, just before the economic crisis slid the industry into a prolonged downturn. Data released Thursday by the European car makers' association, ACEA, showed that the three top markets, France, German and Britain, all suffered modest declines, but demand...

  • FRANKFURT, March 16- European new car registrations rose 2.1 percent in February, even as large markets like Germany and volume brands like VW, Opel, Vauxhall and Peugeot posted lower sales, the Association of European Carmakers said on Thursday. Car sales in the European Union and the countries of the European Free Trade Association reached 1,114,443 vehicles...

  • ATSUGI, Japan— Alfonso Albaisa draws upon the cultures of Japan, America and Cuba in concocting car designs with a flair that once was lacking at Japanese automakers, critics say, but is becoming evident as they globalize. "I feel a car is a dream, more than the nuts and bolts that make it real," Albaisa told The Associated Press at the Nissan Technical Center on the...

  • But California sees things differently. California plans to move ahead with tougher car pollution rules for 2022-2025, which the administration of former Democratic President Barack Obama hastily approved before Trump took office. The clash between California and the Trump administration could lead to one set of standards in California and at least a...

  • Trump added that the White House is "setting up a task force in every federal agency to identify and remove any regulation that undermines American auto production. The backdrop and message underscored Trump's efforts to lock down support in industrial states such as Michigan that put him in the White House. Trump's event was attended by around 1,000 people,...

  • GM said last week it planned to lay off 1,100 workers in May at its Lansing Delta Township assembly plant in Michigan. GM also said it would add 220 jobs at a plant in Romulus, Michigan, that is building 10- speed automatic transmissions, and it would retain 180 jobs by shifting Lansing workers to a Flint assembly plant to support pickup truck production.

  • SAN FRANCISCO, March 15- Tesla Inc said on Wednesday it expects to raise about $1.15 billion from a stock and senior notes offering, an infusion of needed capital as the electric car maker enters pre-production of its upcoming Model 3 electric sedan. Some Wall Street analysts had predicted that Tesla would seek to raise as much as $2.5 billion in capital.

  • March 15- Tesla Inc said on Wednesday it expects to raise about $1.15 billion from stock and senior notes offering, as the electric car maker accelerates the launch of its new Model 3 electric sedan. Tesla said it would offer $250 million of common stock and $750 million aggregate principal amount of convertible senior notes due in 2022 in concurrent...

  • DETROIT/ WASHINGTON, March 15- U.S. The backdrop and message underscored Trump's efforts to lock down support in industrial states such as Michigan that put him in the White House. Trump spoke at the site of the former Willow Run bomber factory in Ypsilanti, Michigan, which won fame for building an operational B-24 heavy bomber every 59 minutes during the Second...

  • DETROIT, March 15- The top executive of automaker Fiat Chrysler Automobiles NV said on Wednesday that he has "zero interest in pursuing" merger talks with his counterpart at Volkswagen AG. "If he wants to come, he knows where I live," chief executive Sergio Marchionne told reporters after an event with U.S. Marchionne spoke the day after VW CEO Matthias Mueller...

  • DETROIT— President Donald Trump's decision to re-examine Obama-era rules that govern automobile gas mileage could be the first round of a potentially bruising political fight: revoking the ability of California and other Democratic-leaning states to set their own, tougher car-emission standards. The California standard is now used by at least a dozen,...

  • DETROIT— President Donald Trump plans to re-examine federal fuel economy requirements for new cars and trucks. Congress required the National Highway Traffic Safety Administration to develop CAFE standards in 1975 after gasoline shortages during the Arab oil embargo. The U.S. Environmental Protection Agency began regulating greenhouse gas emissions...

  • WASHINGTON, March 15- The U.S. Environmental Protection Agency confirmed on Wednesday it would reopen a review of whether the Obama administration's 2022-2025 vehicle emission rules are feasible, a win for automakers which have urged the Trump administration to reverse a January decision to uphold the standards. The EPA said it would make a determination by...

  • DETROIT/ WASHINGTON, March 15- The Trump administration on Wednesday ordered a review of tough U.S. vehicle fuel-efficiency standards put in place by the Obama administration, handing a victory to auto industry executives and provoking criticism from Democrats and environmental groups. Republican President Donald Trump was expected to announce his...