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Articles of Afp
Harley-Davidson Says Electric Motorcycle Unit Will List On NYSE
Taking the unit public will raise $545 million to enable LiveWire to accelerate its production and distribution plan and invest in new product development.
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Canada Threatens Trade Action Over Biden Electric Car Plan
In a letter to US senators, Deputy Prime Minister Chrystia Freeland said Ottawa is "deeply concerned" by an electric vehicle tax credit proposed in the Build Back Better Act that it says violates the United States-Mexico-Canada Agreement.
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Hackers Steal Research Data From Sweden's Volvo Cars
The company, owned by China's Geely, has become aware that one of its file repositories has been illegally accessed by a third party.
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Nissan Plans 50% Electric Vehicle Sales By 2030
Nissan will invest two trillion yen ($17.5 billion) over the next five years to speed up electrification, aiming to launch electric vehicles with its proprietary batteries by 2028.
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Rivian, Ford Cancel Plans To Collaborate On Electric Vehicle
Ford will maintain its stake in the start-up, after investing $500 million in 2019 when it announced plans to collaborate.
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European Car Sales Hit 31-Year Low For October
New passenger car registrations have now fallen for four straight months in the 27-nation European Union, according to the European Automobile Manufacturers' Association, known as ACEA.
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Toyota Ranked One Of Worst Major Automakers For Emissions Efforts
The campaign group gave Toyota and US-European firm Stellantis "F minus minus" grades for decarbonisation efforts including phasing out engines that burn planet-warming fossil fuels in favour of electric vehicles.
Read More →Toyota Joins Opposition To Proposed US EV Tax Credit
Toyota said the proposed credits for union-made vehicles devalue the work of those who chose not to join a union, and send a message that promoting unions is more important than combating climate change.
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GM, Ford See Semiconductor Shortage Lasting Into 2022
General Motors and Ford reported lower profits Wednesday as a global semiconductor crunch dented sales, prompting both US auto giants to caution that shortages would persist into 2022.
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Chip Shortage Takes Shine Off Volkswagen's Third Quarter
In the third quarter VW 'lost some 600,000 vehicles that could not be delivered to customers compared to the second quarter', chief executive Herbert Diess said in a conference call.
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LG To Reimburse GM $1.9 Billion Over Chevrolet Bolt EV Recall
GM is building jointly-owned battery plants with LG in the United States and indicated Tuesday it views the South Korean company as a long-time partner in its EV push.
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VW Offers 2.5 Billion Euros To Take Over France's Europcar
Accepted by Europcar's board but still subject to a green light from France's market watchdog, the deal would give VW 66 per cent of shares.
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German Court Acquits VW Managers In Overpayment Case: Report
Judges in Brunswick did not find that the accused deliberately acted "contrary to duty and to the detriment of the company", a court spokesman said.
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Stellantis' Car Production Chopped By Chip Shortage
The company said that the shortage of semiconductors was worse than it had predicted even as late as August, but that supplies were now stabilising.
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GM Reports Big Drop In Q3 US Sales On Semiconductor Woes
GM reported third-quarter sales of 446,997 in the United States, down almost a third from the year-ago period.
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Stellantis Suspends Vienna Production Over Chip Shortage
"Production will resume on January 2, 2022," it said, adding that in the meantime, staff would be put on short-time working.
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GM, GE To Collaborate On Sourcing Rare Materials
The two US industrial giants signed a memorandum of understanding with the goal of establishing "a North America- and Europe-based supply chain of vertically integrated magnet manufacturing that both companies will use in the future.
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Italy Car Production Dives Over 37 Percent In August
The 37.4 percent drop was a sharp acceleration on the 7.4 percent decline recorded in July, according to the National Statistics Institute (ISTAT).
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Europe Car Sales Sink On Chip Shortage
New car registrations fell by 23.1 percent to 718,598 in September 2021 compared to a year ago, according to the European Automobile Manufacturers' Association, known as ACEA.
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Truck Maker Volvo Says Profits Back Near Pre-Pandemic Levels
Volvo said in a statement that bottom-line net profit rose to just over seven billion kronor (700 million euros, $810 million) in three months to September, compared to 5.7 billion kronor in the same period a year earlier.
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