EPA finalizes tough new emissions rules to cut smog from heavy duty trucks
The new standards, the first update to clean air standards for heavy duty trucks in more than two decades, are 80 percent more stringent than current standards.
Buick dealers face at least $300,000 investment to sell and service EVs
The General Motors brand said the minimum investment required of U.S. dealerships for tooling, training and other EV equipment is an estimated average and will vary based on the individual dealership.
Magna to buy Veoneer Active Safety for $1.53 billion in bid to boost ADAS business
The deal will give Magna access to Veoneer’s suite of camera and radar systems, as well as its driver monitoring technology and domain controllers. Magna will gain about 2,200 engineers.
Wells Fargo to pay $3.7 billion for mistreating auto, mortgage customers
Wells Fargo has been trying to resolve a raft of scandals that began in 2016 with the revelation that the bank opened millions of bogus accounts.
Canadian supplier Magna to buy Veoneer Active Safety for $1.53 billion
The deal is expected to add to Magna’s sensor and full systems capabilities, including radar, camera and driver monitoring, and add 2,200 engineers for systems, software and sensor development.