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Latest Articles in automakers

Bajaj Auto Unions Demand Factory Halt After 250 Workers Catch Coronavirus

The Bajaj Auto factory affected is located in western Maharashtra, the state with the highest number of cases of COVID-19, the disease the virus causes.

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Bajaj Auto Reports 31 % In June Sales

Domestic sales declined by 34 per cent at 1,51,189 units last month as compared to 2,29,225 units in June 2019

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Ford, Volkswagen Will Stay Neutral On Challenges To Trump Vehicle Emissions Rule - Document

The Trump administration in March finalized rollback of U.S. vehicle emissions standards to require 1.5% annual increases in efficiency through 2026.

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BMW Works Council Backs Electric-Only Platform

Those managers hope that the company will now quickly shift to develop a pure e-platform, which would make cars lighter and give them a longer battery range and a bigger interior.

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Italy Approves Guarantees For $7.1 Billion Loan To Fiat Chrysler

FCA's Italian division has tapped Rome's COVID-19 emergency financing schemes to secure a state-backed, three-year facility to help it weather the crisis triggered by the coronavirus pandemic.

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Toyota Holds $293 Million Stake In Uber, Governance Report Shows

Reporting the total size of its stake in Uber, which became a listed company last year, Toyota said it held 10.25 million shares valued at 31.15 billion yen ($292.46 million) as of March 30.

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Mercedes-Benz Cars To Be Built On Nvidia Autonomous Driving Platform From 2024

Mercedes-Benz sold 2.39 million cars worldwide in 2019. The two companies have been working together on autonomous driving and artificial intelligence car technology for over five years.

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Kia, Hyundai And LG Chem Join Hands To Identify EV Startups For Investment

The global competition offers startups the opportunity to showcase their respective innovative technologies and unique business models.

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Nissan Plans More Shift Cuts At Japan Car Plants Due To Low Demand

Nissan plans to cancel all night shifts at its plant in Oppama, Kanagawa prefecture, and at a production line in Kyushu, southern Japan, between June 29 and July 31

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Geely Automobile Steps Toward Mainland China Listing; HK Shares Surge

Zhejiang Geely Holding Group, led by billionaire Li Shufu, has a number of other investments including owning 9.7% of Germany's Daimler AG, 49.9% of Malaysia's Proton

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Glass Lewis Joins ISS In Opposing Tesla Chairwoman's Re-Election To Board

The company's director for nearly six years, has been Tesla's chairwoman since November 2018. She is also a member of the company's audit and compensation committee.

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Japan Manufacturers' Mood Turns Gloomier As Virus Damage Spreads

Japan's parliament approved a record $300 billion second extra budget to finance part of an economic stimulus package of $1.1 trillion to combat the fallout from the crisis.

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Asian Business Sentiment Plunges To Record Low On Virus Effect

About 16% of the 93 companies surveyed also said a deepening recession was a key risk for the next six months, with more than half expecting staffing levels and business volumes to decline.

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Volkswagen Invests Extra $200 Million In U.S. Battery Company Quantumscape

Volkswagen added that plans for a pilot plant were expected to be firmed up in the course of this year.

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Ford, Volkswagen To Make About 8 Million Commercial Vehicles

Ford and VW announced their partnership in January 2019, as carmakers around the globe join forces to invest in electric and self-driving technology to help save billions of dollars.

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