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Volkswagen Boosts Investment In Electric And Autonomous Car Technology To $86 Billon
Volkswagen said it would allocate nearly half its investment budget of 150 billion euros on e-mobility, hybrid cars, a seamless, software-based vehicle operating system and self-driving technologies.
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UK To Ban Sale Of New Petrol And Diesel Cars From 2030
British Prime Minister Boris Johnson plans to announce next week a ban on the sale of new petrol and diesel cars from 2030.
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Ghosn's Legal Woes Deepen As Nissan Sues For $95 Million In Damages
Ghosn, who also ran French carmaker Renault SA, has been in Lebanon since January after fleeing Japan before he was due to stand trial.
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Daimler To Revamp China Plant To Make Actros Trucks As Sales Surge
The partners plan to revamp plants at their joint venture Beijing Foton Daimler Automotive (BFDA) in China's capital Beijing and add a production line, giving the plant a capacity of 50,000 Actros trucks a year.
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Ford CEO Says Carmaker Now Eyes Making Own EV Batteries
Other automakers, including General Motors Co and Tesla Inc, are investing billions of dollars in their own battery cell manufacturing plants to supplement production from suppliers.
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India's October Fuel Demand Marks First Year-On-Year Gain In 8 Months
Sales of petrol rose by 4.3% from a year earlier to 2.65 million tonnes, and by 8.2% from 2.45 million tonnes from September.
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Uber In Talks To Sell Its ATG Self-Driving Unit To Aurora
Earlier last year, the unit had raised $1 billion (758 million pounds) from a consortium of investors including SoftBank, that valued it at $7.25 billion.
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GM Recalling Nearly 69,000 Bolt EVs For Fire Risks
The recall is for 2017-2019 model year Chevrolet Bolt EVs with high voltage batteries produced at LG Chem Ltd's Ochang, South Korean facility.
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Velodyne Aims To Price New Self-Driving Car Sensor Below $500
Velodyne expects automotive-grade mass manufacturing to be under way by the second half of 2021 and that the devices could show up in vehicles in 2022 or 2023.
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Waste Not, Want Not: Dutch Students Build Electric Car From Recycled Material
The bright yellow, sporty electric two-seater named Luca can reach a top speed of 90 km and can complete 220 km when fully charged.
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India's October Car, Motorbike Sales Skid As Dealers Caution Over Stock
FADA has asked automakers to realign their production after Diwali based on actual inventory levels so dealers are not left holding a large stock at the end of the year.
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Hyundai Looks Ahead To New SUVs In 2021 And Urban Air Taxis By 2028
Hyundai already is developing "flying devices" powered by electric motors and batteries that can transport five to six passengers from highly congested urban and suburban centers.
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Volvo Recalls 54,000 U.S. Vehicles For Airbag Defect After One Death
According to the Volvo filing with the government, Volvo will replace the inflators with a modern propellant and inflator. Parts are expected to be available by March.
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GM Thinks Bigger In China With Plan To Import Full-Size SUVs
The plan would mark a change of tack for GM, which currently produces all of the vehicles it sells in China within the country, which is set to be the only major economy to grow this year amid the COVID-19 pandemic.
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Volkswagen CEO Says Will Tweak Strategy To Maintain Electric, Autonomous Push
Volkswagen will have to slim down its model range, a step which will have implications for some of the carmaker's manufacturing plants, Diess said.
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Oil Falls On Demand Concerns, Posts Second Monthly Decline
Brent crude dropped 19 cents to settle at $37.46 a barrel, after touching a five-month low of $36.64 in the previous session.
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Qualcomm, FedEx, Auto Executives To Propose Transport Policies For World In Transition
The group plans to propose a new regulatory framework to address a global transportation sector "on the cusp of a worldwide transition driven by shared, connected, autonomous, and electric technologies."
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Toyota To Invest $500 Million In KDDI To Deepen Ties For 'Connected Car'
Under their new alliance, Toyota and KDDI will jointly conduct research and development focused on telecommunication platforms that connect cars, homes, towns and users, among other projects.
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Japan Automakers Post 2.1 Per Cent Dip In September Global Sales
Japan's seven major automakers including Toyota Motor Corp, Nissan Motor Co, Honda, Mitsubishi among others sold a combined 2.3 million vehicles last month globally, according to Reuters calculations based on sales data released by the companies.
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Premium Cars Drive Volkswagen Back To Profit On China Boost
Volkswagen expects to post a profit for the full year, saying that its business "recovered noticeably" in the quarter as sales in China of its premium vehicles, including Audi and Porsche sportscars, rose 3 per cent.
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