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Volkswagen Group earmarking $11.8 billion to develop, build China electric cars

A Volkswagen logo is seen at Serramonte Volkswagen in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam GUANGZHOU/BEIJING (Reuters) - Volkswagen Group said on Thursday it plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybrid vehicles as it seeks to comply with

EU set to fine seatbelt, airbag cartel in coming weeks

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BRUSSELS (Reuters) - The EU is set to fine a group of car seatbelt and airbag makers in the coming weeks, three people familiar with the matter said on Wednesday, the latest regulatory crackdown on price-fixing in the sector. The decision by the European Commission follows a six-year-long investigation which began

Amtrak’s lax safety culture led to crash that killed

On April 3, 2016, Amtrak investigators inspect the deadly train crash in Chester   Says Federal investigators at the U.S National Transportation Safety Board (NTSB) PHILADELPHIA (AP) — Federal investigators said Tuesday they found major lapses in how Amtrak deals with safety, including more than two dozen hazardous conditions at the work zone near

EgyptAir’s Bombardier CSeries outline deal valued at $1.1 billion

A Bombardier CS300 passenger jet. DUBAI (Reuters) - EgyptAir’s letter of intent for 12 firm Bombardier CS300s jets announced on Tuesday is valued at $1.1 billion, according to a Bombardier statement The value of the agreement would increase to nearly $2.2 billion if options to acquire a further 12 CS300s are exercised, the

Panic At Orlando Airport As Battery In Bag Explodes

Security Operatives at Orlando Airport Thousands of travelers at Orlando International Airport were evacuated from the terminals at peak travel time Friday night after a camera battery reportedly exploded in a suitcase outside the security checkpoint. The sound of the explosion triggered panic among some travelers who thought it was a

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