Month: April 2021

A high-volume Fiat Chrysler Automobiles salesman in suburban Detroit has been charged with defrauding the automaker out of $8.7 million by giving employee discounts on vehicles to customers who weren’t eligible. Apollon Nimo, 34, a salesman at Parkway Chrysler-Dodge-Jeep-Ram, illegally used discount codes meant for family members of FCA employees in sales and leases to
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HAMBURG — Volkswagen Group plans to design and develop its own high-powered chips for autonomous vehicles, along with the required software, CEO Herbert Diess told a German newspaper. “To achieve optimal performance in light of the high demands that exist for cars, software and hardware have to come out of one hand,” Diess told Handelsblatt.
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A federal judge has agreed to delay a competency hearing to determine whether former Reynolds and Reynolds Co. CEO Bob Brockman can assist in his defense against tax evasion charges. U.S. District Judge George Hanks Jr. on Wednesday signed an order moving the scheduled competency hearing in Brockman’s case from June 29 to Sept. 13,
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FRANKFURT — Germany’s Novem is reviving plans for a stock-market flotation that could value the maker of car interiors at 1.3-1.5 billion euros ($1.6-1.8 billion), people close to the matter said. Novem was founded in 1947 as a supplier of wooden steering wheels, before expanding into products like belt lines, central consoles, instrument panels and
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AFP/Getty Images Production at Oxford’s Mini plant will be suspended for three working days due to a shortage of computer chips. BMW said its Cowley factory will not manufacture cars on Friday or on Tuesday and Wednesday after the bank holiday weekend. A spokeswoman said the company had taken steps to minimise further disruption and
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Toyota Motor Corporation is acquiring Lyft’s self-driving vehicle division in a $550 million deal through its subsidiary Woven Planet, a company dedicated to developing autonomous driving and advanced mobility technologies. The acquisition of Lyft’s Level 5 automation will also include multiyear non-exclusive commercial agreements between the ride-hail company and Woven Planet. In addition to enhancing
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DETROIT — General Motors has partnered with seven major charging providers to help customers locate and pay for electric-vehicle charging through its vehicle mobile apps, the automaker said Wednesday. The agreements are part of Ultium Charge 360, GM’s new charging strategy that integrates charging networks, GM brands’ apps, and other products and services to simplify the
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PARIS — Renault Group says it will add a 180 kph (112 mph) speed limiter to Renault and Dacia brand models to help reduce traffic accidents, following a similar move by Volvo, as part of the automaker’s environmental and social strategy.  Renault did not say whether all the group’s models would have the limiter. Future
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