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Report: New Ford Crossover to Replace 3 European Models
7/18/2019Ford Motor Co. will replace its current Mondeo midsize car and S-Max and Galaxy MPVs in Europe with an all-new midsize crossover, Autocar reports.
Pierburg Develops Multi-Use Coolant Valve
7/18/2019Rheinmetall Automotive AG’s Pierburg GmbH unit says it has developed a cooling valve that can be used in vehicles with a piston engine or fully electric powertrain.
Akebono Lands $185 Million Bailout
7/18/2019Ailing Akebono Brake Industry Co. says it has secured 20 billion yen ($185 million) from turnaround specialist Japan Industrial Solutions Co. in exchange for new stock shares.
Japan-U.S. Trade Pact Near?
7/18/2019Envoys from Japan and the U.S. hope to deliver a narrowly defined trade deal by September covering U.S. agricultural goods and Japanese car parts, sources tell Reuters.
Volvo Deepens Cost-Cutting as Profits Plunge
7/18/2019Volvo Car Corp. reports higher unit sales and revenue in the second quarter, but tariffs and pricing pressure caused profits to plunge.
EU's Choice of Electrified Cars to Triple in 2 Years
7/18/2019Car buyers in Europe will be able to choose from 201 hybrid and all-electric models by 2021, up from 60 last year, says the European Federation for Transport and Environment.
Subaru Tops J.D. Power Poll of Auto Brand Loyalty
7/18/2019Subaru has ranked highest in brand loyalty among all major automotive makes offered in the U.S., according to a new J.D. Power study.
Ford Will Add 1,200 Jobs in South Africa
7/17/2019Ford Motor Co. is hiring 1,200 people to add a third production shift at its assembly plant outside Pretoria, South Africa.
ZF Touts 2-Speed Electric Drive System
7/17/2019Germany’s ZF Friedrichshafen AG says its new 2-speed electric drive is more efficient than current single-speed units.
Struwe Named CFO for Mercedes-Benz USA
7/17/2019Daimler AG’s Mercedes-Benz unit has appointed Christian Struwe to be chief financial officer of the brand’s U.S. operations.