Alfa Romeo won't use incentives as brand puts panache over sales

Alfa Romeo's global brand chief says he won't cut prices to meet lofty U.S. sales goals, because he insists FCA isn't setting such targets.

UPDATED: 6/20/17 11:40 am ET - adds details

Tesla near deal for first factory in China, report says

An agreement with the city of Shanghai would allow Tesla to establish EV manufacturing operations in the Lingang development zone and could come as soon as this week, Bloomberg reported, citing people familiar with the matter.

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