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#Automobile

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Schaeffler acquires close to 80 per cent of Vitesco shares

The automotive supplier Schaeffler has secured a further 30 per cent of Vitesco shares as part of the takeover process for the drive specialist. Thus, Schaeffler now holds almost 80 per cent of the company's share capital. (Update at the end of the article)

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Volvo to launch the all-electric ES90 luxury saloon in 2025

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Volkswagen details cost-cutting measures to bring VW on track

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Geely launches first Galaxy BEV

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Acura opens US order books for the Acura ZDX

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EU lawmakers take watered-down Euro 7 deal one step further

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Nio receives major investment from CYVN Holdings

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Electric pole-to-pole expedition reaches the south pole

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BYD releases Song L in China

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Germany cuts the EV purchase premium Umweltbonus with immediate effect

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GM kicks off electric drive production in Toledo

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Hyundai starts building new development centre in Germany

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Tesla must revise Autopilot software

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Hyundai to sell the Creta EV in India

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Mkango produces recycled rare earth magnets

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Lucid CFO Sherry House quits

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Togg to reveal serial electric sedan by end of 2024

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Opel unveils revised Combo Electric and Zafira Electric

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Public Citizen accuses Toyota of deceptive marketing in the USA

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Scout to build development centre in Michigan

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Two Tesla Model 3 variants likely to drop out of US subsidy eligibility