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Toyota’s Profits Fall
2/6/2017Toyota Motor Corp. reports its net income fell 23% to 487 billion yen ($4.3 billion) in its fiscal third quarter ended Dec. 31. The company blames the decline on unfavorable exchange rates and higher expenses.
German Fleet Operator Sues VW in Diesel Scandal
2/6/2017A German fish distributor has filed a lawsuit against Volkswagen AG for misrepresenting diesel-powered vehicles it leased as being environmentally friendly, Bild am Sonntag reports.
Lear to Acquire Grupo Antolin's Seating Business
2/6/2017Lear Corp. says it has signed a definitive agreement to acquire Grupo Antolin's seating business for €286 million ($306 million). The deal is expected to be completed in the first half of 2017.
Toyota, Suzuki Move Forward with Partnership Plans
2/6/2017Toyota Motor Corp. and Suzuki Motor Corp. say they have concluded initial talks about potential partnerships and now are beginning “concrete examinations” in the areas of environmental, safety, information technologies and parts sharing.
Maserati Recalls 39,400 Cars in U.S. for Fire Threats
2/6/2017Fiat Chrysler Automobile NV’s Maserati unit is launching two recalls in the U.S. to fix flaws that could cause a fire.
Hyundai Promotes Fewer Execs as Sales Slide
2/6/2017Hyundai Motor Group has promoted 348 executives this year—5% fewer than in 2016—after the company reported its fourth year of declining profits, according to Reuters.
Takata Picks Key Safety Systems as Favored Bidder
2/6/2017Airbag supplier Takata Corp. has selected Sterling Heights, Mich.-based Key Safety Systems Inc. as the preferred bidder to buy the company, according to media reports.
Nearly 5,000 Hydrogen Stations Worldwide Expected by 2032
2/3/2017The global number of hydrogen fuel stations for fuel cell vehicles will jump from 285 last year to 1,300 by 2022 and top 4,800 a decade later, predicts Information Trends.
BMW Finds a New Batch of Takata Airbag Inflators to Recall
2/3/2017BMW AG says it will recall about 230,000 vehicles in the U.S. with airbag systems that may have been repaired with defective Takata Corp. airbag inflators.
Coupe-Like Range Rover to Revive Velar Name
2/3/2017Jaguar Land Rover Ltd. plans to call its upcoming coupe-styled midsize crossover/SUV the Velar, Autocar reports.