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Motor vehicle taxation brings in €440.4B for governments in major European markets

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New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. This just goes to show the sheer scale of the importance of the automobile industry to Europe.

Motors 284
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Nidec to Acquire Emerson Electric Co. Motors & Controls Business

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Japan’s Nidec Corporation, the world’s leading manufacturer of motors for hard-disk drives, has entered into an asset and stock purchase agreement with Emerson Electric Co. EMC) to acquire EMC’s Motors & Controls business in an all cash deal. Tags: Motors. Terms of the arrangement were not disclosed. Earlier post.)

Motors 186
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European consortium launches 4-year, $80M L3Pilot research project to test Level 3, 4 autonomous driving in 11 countries

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The strong integration of the entire European automobile industry and the scientific support by experts in the areas of mobility and automated vehicles will drive this initiative forward and make it successful. —Aria Etemad from Volkswagen Group Research, project coordinator L3Pilot.

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BAIC BJEV opens Silicon Valley EV research center, planning another for Europe

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The formal establishment of the Silicon Valley facility will help BJEV gain familiarity with the needs and requirements of overseas markets, raise its profile as well as that of China’s industry as a whole and ultimately facilitate the full integration of BJEV into the global marketplace.

Europe 150
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Toyota to launch two new plug-in hybrid models in China; Corolla and Levin

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Levin Hybrid (left) and Corolla Hybrid (right) introduced at the 16th Shanghai International Automobile Industry Exhibition in 2015. Later, the establishment of Toyota Motor Engineering & Manufacturing (China) Co., At present, it is available in models sold in Europe and Japan. Click to enlarge.

Plug-in 150
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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

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China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. —Yu Jun, General Manager of GAC Motor.

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European Auto Industry Expresses Concern Over Iron Ore Price Hikes

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The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. The automobile industry needs broad access to raw materials at competitive conditions, especially in times of fragile economic circumstances, ACEA said.