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Retail Car Sales in India Drop 11%
8/19/2019Retail deliveries of passenger cars in India slid 11% to 243,200 units in July, the Federation of Automobile Dealers Assns. reports.
Mercedes Adds Plug-In Hybrid Variants
8/19/2019Daimler AG’s Mercedes-Benz unit is launching plug-in hybrid versions of its entry-level A- and B-Class cars.
Yandex Seeks 10x Expansion of Robotic Car Fleet
8/19/2019Russian internet and ride-hailing services provider Yandex NV tells Reuters it hopes to put 1,000 self-driving test cars on the road within two years.
Startup Licenses DOE Hydrogen Conversion Tech
8/19/2019Knoxville, Tenn.-based Electro-Active Technologies Inc. is licensing two biorefinery technologies from the Dept. of Energy’s Oak Ridge National Laboratory in Tennessee to create hydrogen fuel from food waste.
Forster to Chair Hella’s Shareholder Committee
8/19/2019Lighting and electronics supplier Hella GmbH & Co. plans to name industry veteran Carl-Peter Forster to chair its shareholder committee, effective Sept. 27.
Japan, U.S. Aim This Week for Quick Trade Pact
8/19/2019Top U.S. and Japanese trade negotiators will meet for two days in Washington, D.C., this weeks in hopes of cinching a deal between the two countries by September.
Tata Braces For Sharp Sales Drop in India
8/19/2019India’s Tata Motors Ltd. has warned suppliers that its domestic passenger and commercial vehicle operations each may see sales drop by double digits through next spring.
White House Foresees No Recession
8/19/2019Bullish Trump administration economic and trade advisors say there is no chance of a U.S. recession anytime soon.
Mercedes Continues to Outsell Audi, BMW in China
8/19/2019Daimler AG’s Mercedes-Benz brand outsold rivals Audi and BMW through the first seven months of 2019, Automotive News reports.
SEC, VW Urged to Resolve Diesel Lawsuit
8/16/2019U.S. District Judge Charles Breyer has given Volkswagen AG and the U.S. Securities and Exchange Commission seven weeks to attempt to settle their lawsuit over VW’s diesel emission cheating.