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UPDATED: 10/17/18 3:01 pm ET - adds Levine comment

Senate panel wants Hyundai, Kia to testify on engine fire reports

The Republican chairman and the ranking Democrat on the Senate Commerce Committee said they asked top U.S. executives at Hyundai and Kia to testify at a Nov. 14 hearing on reports of engine fires.

BMW X7 to start at $74,895

BMW is filling out its product lineup with the launch of its largest crossover to date. The new X7, available at U.S. dealerships in March starting at $74,895, addresses a shortcoming in BMW's crossover lineup — a true seven-seater option.

Ross tests trans-Atlantic trade truce with outburst

U.S. Commerce Secretary Wilbur Ross challenged a fragile trans-Atlantic trade truce by accusing the European Union of dragging its feet over market-opening pledges.
■ Kentucky's McConnell says tariffs hurt, urges trade progress

Studies link higher crash rates with states that legalized marijuana

The Insurance Institute for Highway Safety and the Highway Loss Data Institute said crashes in states with legalized recreational marijuana have increased up to 6 percent.
■ Impaired driving warnings rise as more states, Canada legalize pot

Chase, Wells Fargo take measured approach to auto lending

Wells Fargo and Chase Auto remain cautious on auto finance, although Wells Fargo increased auto loan originations last quarter, and Chase Auto Finance has increased lease originations for its private-label customers.

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BMW X7 to start at $74,895

BMW is filling out its product lineup with the launch of its largest crossover to date. The new X7, available at U.S.

Luxury EV startup plans for AutoMobility LA debut

Rivian Automotive, an upstart electric vehicle maker headquartered in suburban Detroit, plans to introduce its first pair of electric, off-road vehicles -- a crossover and a pickup -- in November at AutoMobility LA.

Walmart partners with Advance Auto Parts

Walmart announced a partnership with Advance Auto Parts that will create an automotive specialty store on Walmart.com. The news comes one day after its competing retailer Sears filed for bankruptcy.

UPDATED: 10/16/2018 12:36 pm ET - adds details Paul Allen, Microsoft co-founder, TrueCar investor, dies at 65

Paul Allen, who co-founded Microsoft, a key supplier to the auto industry who used the fortune he made from the tech giant to invest in TrueCar, professional sports teams, cable TV and real estate, died on Monday. He was 65.

UPDATED: 10/16/18 4:21 pm ET - adds stock close Musk settlement with SEC over tweets approved by U.S. judge

A federal judge approved a $40 million settlement by Tesla and CEO Elon Musk with stock regulators, resolving claims that Musk misled the public on Twitter about a plan to take the company private.

The dirt on 'clean' EVs is under the hood

Every major carmaker has plans for electric vehicles to cut greenhouse gas emissions, yet their manufacturers are, by and large, making lithium ion batteries in places with some of the most polluting grids in the world.

U.S. seeks Mexican steel export quotas, negotiator says

The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs, the chief trade negotiator of Mexico's incoming government said, adding the issue needed to be resolved within weeks.

TomTom loses Volvo contract

That fed into concerns of critics who said a deal Google made last month with Renault, another TomTom customer, meant the company risked being relegated to third place in its main market.


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