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Geely Acquires Flying Car Startup Terrafugia

Chinese automaker Zhejiang Geely says it plans to acquire flying car startup Terrafugia. The acquisition will enable the firm to launch its first flying car product by 2019, called the Transition.  Launched in 2006 by a group of MIT engineers, Terrafugia is based near Boston, Mass. The company has been working on the development of flying vehicles since inception. In…

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Senate Tax Proposal Preserves EV Tax Credit

Republican leaders in the U.S. Senate have revealed their own proposed tax overhaul that preserves the electric vehicle tax credit. The Senate take on tax policy is a reversal from the U.S. House of Representatives plan, which cuts the EV tax credit.  Currently buyers of qualifying plug-in and battery-electric vehicles are eligible for a $7,500 federal tax credit for their…

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Hyundai Considers Adding SUVs, Pickup to U.S. Assembly Plant

Hyundai Motor Co is considering producing its Tucson and Kona SUVs, as well as a new pickup truck at its only U.S. factory. The stateside production would be the company's attempt to reverse its current sales slide, which is stemming from the brand's sedan-heavy lineup in a market that's after SUVs and trucks.  Seoul Economic Daily broke news of Hyundai's proposed…

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Ford Partners With China's Zotye to Build Electric Vehicles

Ford Motor Company has announced plans to form a joint-venture with Chinese automaker Anhui Zotye Automobile Co. The partnership will focus on the production and distribution of a new lineup of small electric vehicles under an all-new brand.  Ford and Zotye say they will be investing 5 billion yuan ($756 million) into the new venture, which will include a new assembly…

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BMW Issues Two Recalls Impacting 1 Million Vehicles

According to filings with the National Highway Transportation Safety Administration (NHTSA), BMW Group has issued two recalls regarding potential electrical fires in over 1 million vehicles. Despite both issues resulting in electrical fire risk, the two are entirely unrelated.  The first recall impacts 740,561 BMW models in which the positive crankcase ventilation valve heater can short and melt. The melting can cause…

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Tesla Acquires Automated Machine Maker

Amid production hurdles associated with the launch of its Model 3 sedan, Tesla has reportedly acquired automated machine maker Perbix. Although it is unclear if the acquisition has stemmed from Model 3 production problems, it is known that Perbix has been a supplier to Tesla for about three years.  Perbix is the company that makes the automated machines (robots) utilized…

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Nissan Restarts Japanese Production After Scandal

Nissan says it is in the process of restarting production of vehicles for the local market in Japan. The company had previously halted production of vehicles destined for its home market on October 20th amid a scandal associated with final inspection of vehicles after assembly.  In total, Nissan halted production at all six of its Japanese plants after the Japanese…

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Trump Presses Japanese Automakers to Build More Vehicles in the U.S.

U.S. President Donald Trump's five-nation Asian trip has started off with an automotive mention. During his visit in Japan, Trump asked Japanese automakers to build more vehicles in the U.S. as he attempts to fill the trade gap between the two nations.  “Try building your cars in the United States instead of shipping them over," Trump said as reported by…

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BMW, Mercedes, Ford and VW Group Unite on European Charging Network

Some of the world's largest automakers have announced plans to jointly deploy a large electric vehicle charging network in Europe. Known as IONITY, the new charging network will ultimately offer 400 charging stations with a focus on long-distance travel throughout Europe.  Currently, Europe's charging network is fragmented with various types of chargers and brands. IONITY plans to address this and…

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