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Time for Ford to Revamp Board; Porsche's Electrification Play

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FEBRUARY 7, 2018

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Porsche to Invest $7.5 Billion in Hybrids, EVs

The German automaker already had committed €3 billion to electromobility, but its supervisory board has agreed to double that investment in a move to expand the number of plug-in hybrid and all-electric models offered by Porsche.

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GraysOnline has been appointed by Toyota Motor Corporation Australia to manage the sale of plant and equipment from their car manufacturing facility in Altona, Victoria, Australia, which has closed.
The sale includes a number of equipment from their production shops, maintenance workshops and general equipment and are being sold via an online auction. View assets, register and bid at http://www.graysonline.com/sale/3014281

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Luxury SUV Sales Leaders; Geely Buys Stake in Daimler; Fuel Cells Making Progress

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Toyota Expects to Outperform Thai Market in 2018

“This year Toyota humbly would like to regain lost ground,” Toyota Motor Thailand President Michinobu Sugata says. “We aim at outperforming the market this year.” His targets are ambitious: a 17% sales increase for cars and 30% for commercial vehicles.

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Oz Government Not on Same Electric-Vehicle Page

A spokeswoman for Transport Minister Barnaby Joyce tells the Sydney Morning Herald the government has no plans to follow France, the U.K., Norway and the Netherlands and ban the sale of new gasoline and diesel cars in coming years.

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Time for Ford to Revamp Its Board

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Investors buy stock based on their expectations of future earnings. GM is showing them a clear path to how it’s going to make money with connected, autonomous, shared and electric vehicles. Ford can’t convince Wall Street it has a viable plan.

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Toyota to Bring Global-Spec Models to India Market

Japan's biggest automaker no longer will make cars specifically for the Indian market and instead will offer higher-end products built to global standards.

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Australian State Upgrading Crash-Testing Facility

Roads Minister Melinda Pavey says the Crashlab upgrade will mean that to achieve a top ANCAP safety rating of five stars, an effective autonomous-emergency-braking or lane-support system will be required on all new vehicles.

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China's Didi, Partners Forming Platform for EV Sharing

Didi Chuxing, China's biggest ride-hailing service, is establishing an electric-car-sharing service with 12 automakers including Ford's local partners, Kia, the Renault-Nissan-Mitsubishi Alliance and domestic manufacturers BYD, Chery and Geely.

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Nissan Foresees Outperforming China Market Despite Slowdown

The Japanese automaker has targeted more than 1.6 million sales this year in China, a 5.3% improvement over 2017 and ahead of the 3% growth forecast for the overall market.

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