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An employee at Fiat Chrysler’s Windsor Assembly Plant works inside the chassis of the Chrysler Pacifica Hybrid in December 2016. Fiat Chrysler Shareholders of Italian-American automaker Fiat Chrysler and France-based PSA Groupe on Monday approved a merger plan to create Stellantis, the world’s fourth-largest automotive group. The voting was one of the last steps for
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9:47 AM ET Red Bull reserve driver Alex Albon will race at select rounds of the DTM (Deutsche Tourenwagen Masters) championship this year. 1 Related The 24-year-old was replaced by Sergio Perez at Red Bull’s Formula One team for 2021, but remains contracted to the energy drinks brand as a reserve driver. Alongside his duties
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SEOUL — South Korea’s Hyundai Motor Co. and affiliate Kia Motors Corp. on Monday forecast that combined global vehicle sales will jump 11.5 percent in 2021 after sliding for two consecutive years. Their target of 7.08 million vehicles comes after the coronavirus pandemic sent sales last year tumbling 12 percent to a decade low of
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Ford Motor Co. has called an audible on its New Year’s Day college football marketing in a move to promote mask-wearing. The automaker will dedicate a significant portion of its media buy during Jan. 1 bowl games to a new ad called “Finish Strong,” which promotes mask-wearing and other safety measures, while foreshadowing better days
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BEIJING — China will subsidies by a fifth next year on new energy vehicles such as electric cars, the finance ministry said on Thursday, as it seeks to combat pollution and cultivate home-grown champions in the auto sector. China, the world’s biggest auto market, has set a target for NEVs, including plug-in hybrids and hydrogen
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TOKYO — Nissan plans to further reduce its presence in Europe, including outsourcing sales of its cars to alliance partner Renault, according to a Japanese newspaper. Nissan will cut distribution channels in 30 countries, mainly in eastern European markets such as Hungary and Poland, but also in parts of western Europe such as the Netherlands,
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BEIJING — Tesla Inc. said Friday it has started selling the China-made Model Y crossover and will deliver them to customers starting this month, as the U.S. electric vehicle maker expands sales in the world’s biggest car market. China, which offers hefty subsidies for EVs as it seeks to cut down on pollution from gasoline
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Ford Motor Co. said Thursday it was calling off its automotive joint venture with India’s Mahindra and Mahindra Ltd. due to the challenges caused by the COVID-19 pandemic. The companies said in separate statements that the decision was driven by changes in the global economy over the last 15 months, causing both to reassess their
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UK carmakers offered faint praise for the country’s Brexit deal while warning border chaos will be unavoidable unless governments allow more time to meet new customs-related administrative requirements. The accord reached last week with the European Union largely addresses the auto industry’s immediate concerns about tariffs, the Society of Motor Manufacturers and Traders said Wednesday. Still,
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5:41 PM ET Seven-times Formula One world champion Lewis Hamilton was awarded a knighthood in the UK New Year’s honours list published on Wednesday. The 35-year-old this year became the most successful F1 driver of all time after equalling Ferrari great Michael Schumacher’s record seven titles and beating the German’s 91 race wins. The sport’s
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CarMax’s long-stated goal has been to give customers the chance to transact when, where and how they want to — whether in the physical or digital realms or in both — a concept known as omnichannel retailing. The nation’s largest used-vehicle retailer has now transformed every aspect of its business to fulfill this goal, and
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8:45 AM ET The government of Catalonia has given the go-ahead for Spanish Grand Prix organisers to agree a contract extension with Formula One for 2021. The May 9 race at Barcelona’s Circuit de Catalunya is listed as subject to contract on the sport’s record 23-round provisional calendar. The regional government said in a statement
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A month into 2020, Ford Motor Co. teased the new Mustang Mach-E with a video of exuberant millennials devouring chicken wings and cocktail shrimp directly out of its front trunk, in the space where an engine otherwise would have been. At the time, who would have guessed that the most unrealistic part of the scenario
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TOKYO — Japan aims to eliminate gasoline-powered vehicles in the next 15 years, the government said on Friday in a plan to reach net zero carbon emissions and generate nearly $2 trillion a year in green growth by 2050. The “green growth strategy,” targeting the hydrogen and auto industries, is meant as an action plan
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DETROIT –  A U.S. regulator ruled Wednesday that Mahindra and Mahindra Ltd.’s new design for its Roxor off-road utility vehicle did not infringe the intellectual property rights of Fiat Chrysler Automobiles’ Jeep brand, six months after barring the sale of older models. The International Trade Commission said the post-2020 Roxor model did not violate the
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The GM Defense Infantry Squad Vehicle was uniquely engineered to meet U.S. military specifications. It is based on the automaker’s off-road Chevrolet Colorado ZR2 midsize truck architecture. GM Defense DETROIT – General Motors is targeting significant growth for its resurrected military defense unit, which quietly re-launched three years ago and recently started fulfilling its first
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