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Conti Ponders Acquisitions to Boost Aftermarket Tire Business
9/21/2016Continental AG tells Reuters it is looking for possible takeover targets to bolster its aftermarket tire business.
Investors Sue VW for a Record €8.2 Billion Over Diesel Scandal
9/21/2016Investors in Germany have flooded Volkswagen AG with 1,400 lawsuits totaling some €8.2 billion ($9.1 billion) over lost equity caused by the carmaker’s diesel emission cheating scandal.
Bosch, SAP to Collaborate on Internet of Things
9/21/2016Robert Bosch GmbH and software developer SAP SE have agreed to work together on internet-connected systems for industrial equipment, tools, vehicles and other devices.
Magna Gets Active on Aerodynamic Styling
9/21/2016Canada’s Magna International Inc. says it is working with carmakers to make aerodynamically styled components on new vehicles.
Tesla Fixes Security Flaw Discovered by Chinese Hackers
9/21/2016Tesla Motors Inc. has updated the software in its electric cars after security researchers in China found a flaw that enabled them to remotely control the car’s brakes, wipers and trunk lid release.
Toyota to Replace 142,600 Airbag Inflators in China
9/21/2016Toyota Motor Corp. is recalling 142,600 of its 2005-2011 model Lexus cars and SUVs in China to replace potentially dangerous airbag inflators.
Takata Gets 5 Bids from Potential Buyers
9/21/2016Airbag supplier Takata Corp. has received five offers from suitors, The Nikkei reports. The company aims to select a buyer by year-end.
Posco Opens Steel Sheet Plant in Thailand
9/21/2016Steelmaker Posco has officially opened a factory in Rayong, Thailand, to make galvanized steel sheet for the country’s auto industry.
Report: VW Won’t Float IPO for Truck Unit Until 2019
9/20/2016Volkswagen AG has no plans for an initial public offering for its commercial truck until 2019 or later, says Germany’s Manager Magazin, which cites unnamed senior VW executives.
UPDATE: Unifor Workers Will Vote This Weekend on GM Contract
9/20/2016Some 3,900 General Motors Co. workers in Canada will vote this Sunday on a new contract that ensures the future of GM’s assembly plant in Oshawa, Ontario, increas employment and raise wages.