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India’s Auto Parts Industry Expands 9%
7/26/2016India’s auto parts industry expanded 9% to $39 billion in the fiscal year ended March 31, reports the Automotive Component Manufacturers Assn of India.
Oil Prices Drop to 3-Month Low
7/25/2016Oil futures have fallen to their lowest prices since spring as producers continue to outpace demand.
NSK Settles U.S. Class-Action Lawsuit Over Price Fixing
7/25/2016Japanese supplier NSK Ltd. has agreed to pay $35 million to settle two class-action lawsuits in the U.S. claiming that dealers and car owners paid too much for vehicles because NSK fixed prices on parts it sold to carmakers.
Mitsubishi Recall Will Replace Rusty Suspension Parts
7/25/2016Mitsubishi Motors Corp. is calling back 174,400 older models cars and SUVs in the U.S. to replace a front suspension component that could rust and cause the steering to fail.
Carbon Fiber Diet Prescribed for Next-Gen Miata
7/25/2016Mazda Motor Corp. plans to continue to decrease the weight of its MX-5 Miata when the fifth-generation model is introduced early next decade.
Proton in Talks with “Big-Name” Carmakers
7/25/2016Proton Holdings Bhd is negotiating with several possible foreign partners, including some “big names,” for a stake in the struggling Malaysian carmaker, The Nikkei reports.
Mazda: Diesels Still on Tap for U.S.
7/25/2016Despite several delays, Mazda Motor Corp. still plans to bring its Skyactiv diesel engines to the U.S—eventually.
BMW, Ford, JLR Mull Joint Battery Plant
7/25/2016BMW, Ford and Jaguar Land Rover are discussing the potential of building a large plant in the U.K. to supply batteries to power each companies’ future hybrid and electric vehicles, reports London's Sunday Times.
Report: FCA Knew of Falsified U.S. Sales Reports in 2015
7/25/2016At least 5,000 phony car sales reported by U.S. dealers were discovered a year ago by an internal investigation ordered by high-level executives at Fiat Chrysler Automobiles NV, sources tell Automotive News.
Toyota Supra to Get 400-hp V-6?
7/25/2016The all-new Supra sports car Toyota Motor Corp. is co-developing with BMW AG will be powered by a twin-turbocharged V-6 engine, according to several media reports.