Author: Automotive News Feed
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Porsche CEO downplays IPO, expects record sales
Porsche does not need a stock market listing to fund growth, CEO Oliver Blume said, adding he is confident the maker of the iconic 911 sportscar can repeat last year’s record sales in 2018.
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VW will offer incentives to trade in older diesels in Germany
VW Group will offer trade-in incentives and a bonus for scrapping older diesel vehicles in Germany in a bid to prevent driving bans in cities where pollution exceeds the European Union’s clean air standards.
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Old Dana acquisitions position it for electrified future
Dana looks to many like an old-school maker of 20th century parts. Jim Kamsickas has a different vision.
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VW to offer incentives for older diesels in Germany
VW Group will offer trade-in incentives and a bonus for scrapping older diesel vehicles in Germany in a bid to prevent driving bans in cities where pollution exceeds the European Union’s clean air standards.
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Geely ‘corrects’ rumors about presidential family ties
Geely Automobile Holdings, long the subject of speculation about its political ties, has moved to dispel a widely held belief its chairman’s wife was related to Chinese President Xi Jinping.
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Why Porsche’s CFO calls Germany’s digital infrastructure a ‘catastrophe’
Porsche’s CFO and IT boss says that Germany’s digital infrastructure “is an absolute catastrophe” that could threaten the domestic auto industry’s competitiveness and profitability in the next decade.
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South Korea’s Mobis develops proving ground for self-driving technology
South Korean supplier Hyundai Mobis Co.
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Spy photos of Land Rover Defender
Spy photos capture clearest shots yet of the upcoming Land Rover Defender, which will arrive in 2020.
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Hyundai taps growing EV market with Kona SUV
The Hyundai Kona Electric SUV is off to a fast start in Europe as the first model from the automaker whose demand is exceeding production. Currently, the waiting time for the small crossover is more than six months.