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Lower Saxony prosecutor: Volkswagen has to pay 1 billion euros fine

All articles and backgrounds 06/13/2018 Lower Saxony prosecutor Volkswagen has to pay 1 billion euros fine DPA Production of the VW Golf 7 in Wolfsburg. In the diesel affair, the prosecutor Braunschweig has imposed a fine of one billion euros against Volkswagen. “Volkswagen accepts the fine and is thus committed to its responsibility,” said the… Continue reading Lower Saxony prosecutor: Volkswagen has to pay 1 billion euros fine

Magna to partner with May Mobility on low-speed self-driving shuttle

(Reuters) – Canadian auto parts supplier Magna International Inc will partner with Michigan startup May Mobility on self-driving shuttles, the companies said on Wednesday. Magna will outfit low-speed electric shuttles equipped with May Mobility self-driving software. The shuttles will be deployed initially this summer in a commercial ride-sharing service in downtown Detroit. Investors in May… Continue reading Magna to partner with May Mobility on low-speed self-driving shuttle

Peugeot’s Slovak unit agrees 7.7 pct wage hike with unions

BRATISLAVA, June 13 (Reuters) – French car maker Peugeot’s Slovak unit has agreed with trade unions on a 7.7 percent wage hike this year, it said on Wednesday. The raise follows an average 6.3 percent wake hike last year at the plant that produced more than 335,000 cars in 2017. Peugeot Citroen, which makes Citroen… Continue reading Peugeot’s Slovak unit agrees 7.7 pct wage hike with unions

China start-up readies capacity for 150,000 electric cars per year

FRANKFURT: Future Mobility Corporation (FMC), the Chinese parent company behind electric car start-up Byton, has placed an order for a paint shop capable of handling 150,000 cars per year, German supplier Duerr said on Wednesday. China’s Byton, a newcomer headed by the former head of BMW‘s i8 programme, has already released plans for a premium… Continue reading China start-up readies capacity for 150,000 electric cars per year

Zoomcar brings EVs to Kolkata, increase its share in fleet

KOLKATA: Zoomcar, the self-drive car rental firm, would increase the number of electric vehicles (EVs) in its fleet to 2,000 by December this year, a company official said today. Zoomcar today started offering EVs on its platform in Kolkata after Mysuru, Hyderabad, Jaipur, New Delhi and Mumbai. Initially, 50 units of Mahindra e2o electric car… Continue reading Zoomcar brings EVs to Kolkata, increase its share in fleet

US accuses Fiat Chrysler, union of conspiring to break labor laws

DETROIT (Reuters) – Top officials of Fiat Chrysler Automobiles NV and the United Auto Workers (UAW) union conspired to violate U.S. labor laws, federal prosecutors alleged in a court document, saying a former executive at the automaker knew bribes paid to union leaders were designed to “grease the skids” in labor negotiations. FILE PHOTO: Fiat… Continue reading US accuses Fiat Chrysler, union of conspiring to break labor laws

General Motors nomme Dhivya Suryadevara directrice financière

(Reuters) – General Motors a annoncé mardi la nomination de Dhivya Suryadevara, 39 ans, au poste de directrice financière à compter du 1er septembre, en remplacement de Chuck Stevens qui part à la retraite. General Motors a annoncé mardi la nomination de Dhivya Suryadevara, 39 ans, au poste de directrice financière à compter du 1er… Continue reading General Motors nomme Dhivya Suryadevara directrice financière

Cobalt Hunt Takes Aussie Explorer to Forest on BMW’s Doorstep

LISTEN TO ARTICLE SHARE THIS ARTICLE The search for cobalt, a key component of the battery-powered auto fleets of the future, has arrived on BMW AG’s doorstep with a discovery of an ore deposit not far from the plant where the German manufacturer makes its i3 electric city car. The cobalt find in a forested… Continue reading Cobalt Hunt Takes Aussie Explorer to Forest on BMW’s Doorstep

US automaker GM names Suryadevara CFO to succeed Stevens

(Reuters) – General Motors Co (GM.N) said on Wednesday Dhivya Suryadevara, currently vice president of corporate finance, will succeed Chuck Stevens on Sept. 1 as chief financial officer of the No. 1 U.S. automaker. FILE PHOTO – The GM logo is seen at the General Motors headquarters in Sao Caetano do Sul, Brazil March 13,… Continue reading US automaker GM names Suryadevara CFO to succeed Stevens