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Bosch Targeted in Criminal Probe of VW Diesel Cheating in U.S.
9/19/2016Federal prosecutors in the U.S. are trying to determine whether Robert Bosch GmbH conspired to help Volkswagen AB—and perhaps other carmakers—rig their diesel engines to evade emission standards, sources tell Bloomberg News.
GM Wants 1-Year Delay in Starting Expanded Takata Recall
9/16/2016General Motors Co. is asking for a one-year delay before beginning to recall 980,000 pickup trucks and SUVs in the U.S. to replace passenger-side frontal airbag inflators that could explode in a crash, Automotive News reports.
S. Korea’s Auto Exports Drop to 7-Year Low
9/16/2016Exports by South Korea carmakers plunged 19% to 143,000 vehicles in August, the lowest since 2009, according to the Ministry of Trade, Industry and Energy.
Russia Lowers Interest Rate Once More
9/16/2016The Bank of Russia, which reduced its key interest rate by half a point to 10.5% in June, has lowered the rate to 10%. The central bank vows no further cuts this year.
JLR Drops Ford 4-Cylinder Engines for Its Own Design
9/16/2016Jaguar Land Rover Ltd. is replacing the 2.0-liter diesel engine it has sourced from former owner Ford Motor Co. with its own 2.0-liter all-aluminum powerplant, Automotive News Europe reports.
Bidders Hike Offers for Haldex Again
9/16/2016Drivetrain supplier ZF Friedrichshafen AG has increased its bid for Swedish brake systems maker Haldex AB to 120 kronor ($14) per share from 110 kronor in hopes of accelerating its attempt to acquire more than 50% of the company by Oct. 3.
Partners Open Aluminum Plant in Kentucky
9/16/2016Amsterdam-based Constellium NV and Japan’s UACJ Corp. this week opened a $150 million manufacturing plant in Bowling Green, Ky, to supply aluminum automotive body sheet to the North American automotive industry.
Michigan Turns Down Tesla Dealer License
9/16/2016The state of Michigan has rejected a bid by Tesla Motors Inc. to open a factory-owned retail store in the state.
Mitsubishi Readies AWD Plug-in Hybrid Concept
9/16/2016Mitsubishi Motors Corp. says the upcoming GT-PHEV concept SUV will preview the company’s next-generation plug-in hybrid architecture.
Ford to Partner with U-Mich on Autonomous Car Research
9/16/2016To accelerate research into autonomous vehicle technology, Ford Motor Co. plans to lease one floor and co-locate more than 100 engineers at a new robotics lab being built by the University of Michigan on its Ann Arbor, Mich., campus.