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VW Group CEO Herbert Diess will take responsibility for the automaker's China operations from Jochem Heizmann, who is retiring, Reuters reported.
As new Corolla debuts, Toyota plans Camry slowdown; Diess to oversee VW China?; AAA: Automated 'pilot' tech misleading consumers; Vauxhall's Brexit choice.
Toyota is slowing down production of the Camry, the top-selling car in the U.S. for 16 years running, underscoring the ongoing slump besetting sedans.
VW will convert two more plants in Germany to build electric vehicles, creating what the automaker said will be Europe's largest EV production network.
VW's top board is due to vote on a multibillion-euro investment plan, including steps to retool three German plants to mass produce EVs and to explore alliances with battery partners and competitors.
Volkswagen will invest $1.4 billion to revamp a plant in eastern Germany into Europe's largest electric-car factory, giving chase to a global move into affordable zero-emission vehicles.
Elon Musk's infamous tweet saying he'd secured funding to take Tesla private did so much damage to so many different kinds of investors that he should have multiple class-action suits, lawyers said.
Hackett: Ford in 'delicate dance' with VW; Mulally upbeat on Ford; AutoNation's Fair deal; Dems to demand changes to trade deal; Krafcik: AVs have limits; Tennis star's new Nissan.
Jeep Gladiator pickup undisguised; Honda Passport's path to L.A.; EU threatens U.S. after tariff talks; Aston Martin's Palmer has 'clarity' concerns; Elon Musk's 'big' booze fight.
Dayco, a maker of engine parts for vehicles and industrial equipment, has received offers from bidders including Apollo Global and Gores Group, people familiar with the matter told Bloomberg.
VW Group, Fiat Chrysler and Renault were among the biggest losers last month as Europe car sales fell 7 percent following the introduction of a new testing regime in September.
Peter Zieringer, CEO of Mercedes-Benz Financial Services USA, will leave his post to lead Daimler Financial Services' European operations. Peter Henn will replace him.
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