Category: Motor Age Articles
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GM sold 200,000 EVs by end of 2018, triggering phaseout of U.S. tax credit
GM hit 200,000 total electric vehicles sold in the U.S. by the end of 2018, reaching a threshold that triggers a phaseout of a $7,500 federal tax credit over the next 15 months, Reuters reported.
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Toyota, Lexus lending arms offer hand to furloughed federal workers
Toyota says it will lend a helping hand to individuals and businesses suffering from the effects of the extended federal government shutdown.
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Salvage mission launched for disabled car carrier in Pacific, 3 feared dead
Merchant vessels responding to distress calls have rescued 16 crew members from a large car carrier adrift in the Pacific Ocean following a fire, the U.S. Coast Guard said.
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3 feared dead as salvage mission launched for disabled car carrier in Pacific
Merchant vessels responding to distress calls have rescued 16 crew members from a large car carrier adrift in the Pacific Ocean following a fire, the U.S. Coast Guard said.
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Espionage suspect arrested in Russia is BorgWarner security chief
The family of Paul Whelan, a security director at auto supplier BorgWarner who was detained in Moscow on suspicion of espionage, said he was in Russia for a wedding.
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U.S. envoy to Russia visits BorgWarner employee detained on spy allegations
Jon Huntsman, the U.S. ambassador to Russia, visited an American detained in Russia on suspicion of espionage and spoke afterward with his family. The family of Paul Whelan, a security director at auto supplier BorgWarner, said he was in Russia for a w…
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What comes next for Ghosn, who remains in a Tokyo jail
Almost two months after his shock arrest in Tokyo, Carlos Ghosn remains at the mercy of the Japanese legal system, as prosecutors continue to build their case against the car industry titan.
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Trump’s trade agenda for 2019 packed: Here are some key dates
The first quarter of 2019 will be pivotal, as the U.S. and China are trying to de-escalate a trade war and President Donald Trump will have to decide whether to hit car imports with tariffs.
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Hyundai, Kia target 3% sales increase despite tough U.S., China
Hyundai and Kia set a target to sell 7.6 million vehicles in 2019. Group heir apparent Euisun Chung said trade protectionism adds uncertainty and major markets such as the U.S. and China are sluggish.
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Faraday Future ends dispute with main investor
Chinese EV developer Faraday Future said it signed a new restructuring agreement with a unit of its main investor, Evergrande Health Industry Group, ending a bitter legal fight and clearing the path for raising funds.