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Ford Plans $200 Million Wind Tunnel Complex
2/15/2017Ford Motor Co. is investing $200 million to build a wind tunnel and climatic chamber facility in Allen Park, Mich.
Toyota to Recall all Mirai Fuel Cell Cars
2/15/2017Toyota Motor Corp. says it will call back all 2,800 of its fuel cell-powered Mirai sedans to fix a software flaw that can cause powertrain voltage to surge.
Turkey Sets Another Vehicle Export Record
2/15/2017Exports by Turkey’s auto industry grew 15% to 1.14 million vehicles in 2016, according to trade association OSD.
GM Dumps Tradition as It Ponders Opel Sale
2/15/2017General Motors Co. interest in selling its Opel unit to PSA Group shows the company is rethinking its views about market share, sales volume and the need for a production base presence in Europe.
Tata Motors Quarterly Profits Plummet 96%
2/14/2017Tata Motors Ltd. says its net profit in October-December plunged to 1.1 billion rupees ($17 million) from 29.5 billion rupees ($442 million) in the same period a year earlier.
Fed Signals Possible Interest Rate Hike in March
2/14/2017U.S. Federal Reserve Chair Janet Yellen told Congress today that an increase in the central bank’s key lending rate may be “appropriate,” adding that delaying increases would be “unwise” as long as the economy continues to strengthen.
Bosch, VW V-6 Diesel Settlements Get Preliminary Court Okay
2/14/2017Two new settlements involving Volkswagen AG’s diesel cheating scandal received preliminary approval today in a U.S. District Court in San Francisco.
Cybersecurity Firm to Spin Off Auto Unit
2/14/2017Wilmington, Mass.-based Security Innovation Inc. is spinning off its SI-Embedded automotive business unit to form a new company called OnBoard Security Inc.
VOXX Launches Keyless-Entry Smartphone App
2/14/2017Hauppauge, N.Y.-based VOXX International Corp. says its VOXXHirschmann has won its first contract for the company’s keyless-entry smartphone app.
Korea Probes Fuel Economy Claims by BMW, Nissan, Porsche
2/14/2017South Korean regulators have accused Nissan Motor Co. of manipulating fuel economy figures for its Infiniti Q50 luxury sedan, and prosecutors are investigating, an official tells Reuters.