Author: Automotive News Breaking News Feed
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Santa slims down for Audi
Santa Claus takes on a modern look in a new Audi ad that shows him shedding pounds when he endures a bit of a mid-life crisis after realizing that he can’t fit into an RS 5 at his current weight.
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Nissan is said to spell out allegations on Ghosn to Renault
Nissan is taking the first comprehensive steps to share details with Renault about allegations against Carlos Ghosn, according to a person familiar with the matter.
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720S Spider joins McLaren lineup
McLaren Automotive has added another flavor to its 720S lineup by adding a convertible.
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Hyundai, suppliers plan $6.7 billion investment to boost fuel cell output
Hyundai and its suppliers plan to spend $6.7 billion through 2030 to raise production of fuel cells by more than 200-fold as the automaker targets to become a key player in the new-energy vehicle technology.
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China car sales drop at steepest pace in nearly 7 years
China’s automobile sales fell about 14 percent in November from a year earlier. It was the steepest decline since January 2012, when the timing of the Lunar New Year holiday hurt auto sales.
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Cars.com pressured to perform, shake up management or sell
Starboard Value is calling on Cars.com to improve its performance or consider selling itself or making management changes, about nine months after the activist hedge fund reached a settlement agreement with the online auto-dealing platform.
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China said to consider auto tariff cut mentioned in Trump tweet
China is moving toward cutting its trade-war tariffs on imported U.S.-made cars, a step already brandished by President Donald Trump as a concession won during trade talks in Argentina.
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BMW names new head of autonomous driving development
Alejandro Vukotich will replace Elmar Frickenstein, who has been in charge of the department since it was created in May 2016 and who will retire after a three-month handover phase in March.
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Daimler to buy $23 billion of battery cells in EV push
“We set another important milestone for the electrification of our future electric vehicles,” Wilko Stark, who oversees procurement and supplier quality on the board of Mercedes-Benz Cars, said.
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Ghosn’s appeal to end detention rejected by Tokyo court
A Tokyo court rejected ousted Nissan Chairman Carlos Ghosn’s appeal to end his detention following his arrest last month on allegations of financial misconduct.