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VW's $14.7 billion diesel U.S. emissions settlement clears hurdle

WASHINGTON Volkswagen AG's $14.7 billion settlement of its U.S. diesel emissions cheating scandal cleared another legal hurdle on Tuesday, as a federal judge gave the automaker preliminary approval to buy back up to 475,000 vehicles.

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CEO says Audi plans three electric car models by 2020 - paper

FRANKFURT Audi aims to have three electric car models by 2020 and for electric vehicles to account for 25 to 30 percent of its sales by 2025, Chief Executive Rupert Stadler told a German newspaper.

Business, Tech 23 Jul 2016

Kia Motors expected to pick site for first India plant next month - sources

SEOUL/NEW DELHI South Korea's Kia Motors Corp is expected to pick a site next month for its first factory in India, stepping up plans to start making cars in one of the world's fast-growing auto markets, two people familiar with the matter said.

Top News, Business 22 Jul 2016

GM boosts full-year outlook after record second-quarter profit

DETROIT General Motors Co on Thursday raised its forecast for full-year profits after reporting a record second-quarter profit as it continued to capitalize on strong sales of pickup trucks and sport utility vehicles in the United States.

21 Jul 2016

Samsung Electronics buys $450 million stake in Chinese electric car firm BYD

BEIJING Samsung Electronics is to pay 3 billion yuan ($450 million) for a stake in Chinese automaker and rechargeable batteries firm BYD Co Ltd , the Chinese company said in a stock exchange filing on Thursday.

21 Jul 2016