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Hyundai Motor Group invests $300M in India’s largest mobility service provider Ola

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Hyundai Motor Group and India-based Ola—one of the world’s largest ride-hailing platforms— announced a strategic partnership under which Hyundai Motor Company and Kia Motors Corporation will make their biggest combined investment to date, as part the Group’s continued efforts to become a Smart Mobility Solutions Provider.

Hyundai 186
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European truck manufacturers call for action to prevent aftermarket manipulation of NOx emissions controls

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In the wake of a report by the German television station ZDF identifying widespread aftermarket manipulation of NO x emissions control technologies on trucks, the European Automobile Manufacturers’ Association (ACEA) is calling for government action to preclude such manipulation.

Emissions 207
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Tata Motors launches $10,000 electric hatch; deliveries of Tiago.ev start in January

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Tata Motors, India’s leading automobile manufacturer, launched the newest member of its EV family this past week: the Tiago.ev. It is an ideal fun hatch which offers premium, safety and technology features, eco-friendly footprint, spirited performance, all made even more desirable with the added advantage of a low cost of ownership.

Motor 435
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Volkswagen Group to invest €51.6B over next five years; seeking to make itself future-proof

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The Volkswagen Group will invest around €51.6 This total amount includes additions to capitalized development costs of €10.3 billion), the Group will spend most of the total amount to be invested in property, plant and equipment in the Automotive Division on modernizing and extending the product range of all its brands.

Future 199
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CCID Consulting estimates upsurge in aluminum for automobile bodies in China if technical breakthroughs in alloy performance and application technology are made

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China-based and -focused CCID Consulting estimates that the China passenger vehicle market will need at least 1.802 million tons of aluminum sheets annually, assuming that aluminum replaces 15% of the steel used in automobile manufacturing by 2015. CCID Consulting Co.,

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Volkswagen Group to invest more than €62 billion up to 2016; largest-yet investment package for new models, advanced technologies and production facilities

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The Volkswagen Group will invest around €62.4 Besides investments in property, plant and equipment, the total amount also includes additions to capitalized development costs of €11.6 This will allow the Volkswagen Group to systematically continue its model rollout with a view to tapping new markets and segments. billion (US$85.4

2016 210
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Bain: Germany’s goal of 1M electric cars by 2020 is unattainable; fewer than 50,000 units on road by end of this year

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Klaus Stricker, Head of Global Automotive Practice Group at Bain & Company. According to Bain analysis, the cost of Li-ion battery systems will fall significantly from today’s €260/kWh (US$283/kWh) to be less than €150/kWh (US$163/kWh) by 2018, with the possibility of dropping further to €110/kWh (US$120/kWh) by 2022.

2020 150