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FCA Adds Maserati to Rollaway Recall
6/23/2016Fiat Chrysler Automobiles NV has added 13,100 Maserati luxury cars to its global recall of 1.1 million vehicles equipped with confusing gearshift mechanisms.
Truck Sales in Europe Grew 16% in May
6/23/2016Deliveries of commercial trucks and buses across Europe climbed to 193,600 units in May from 167,300 in the same month last year, industry group ACEA reports.
UPDATE: VW’s Top Shareholders Back Management as Angry Investors Vent
6/23/2016There was plenty of sound and fury from irate investors during Wednesday’s marathon Volkswagen Group shareholder meeting—the first since the company’s diesel emission cheating scandal emerged more than nine months ago, according to media reports.
IIHS May Add “Small Overlap” Crash Test for Passenger Side
6/23/2016A severe test used to check a vehicle’s ability to protect the driver in an offset crash may be expanded next year to the passenger’s side of the vehicle.
Tata Signs $160 Million Deal to Sell Cars to Uber Drivers in India
6/23/2016Tata Group has agreed to provide as many as 20,000 cars and special flexible financing to drivers for ride-hailing service Uber Technologies Inc., which operates in 18 Indian cities.
VW Shareholders Approve Reduced Dividend
6/23/2016As expected, Volkswagen AG shareholders overwhelmingly approved a sharply reduced dividend payment of €0.11 (13 cents) on ordinary shares and €0.17 (19 cents) on preferred shares.
FCA Sends Dealers a Software Fix for Jeep Rollaways
6/22/2016Fiat Chrysler Automobiles NV is supplying its U.S. dealers with software to create an electronic “auto-park” feature in SUVs that could roll away unexpectedly, Automotive News reports.
Kia Tops J.D. Power Initial Quality Ratings
6/22/2016Kia surpassed Porsche to outrank all carmakers in initial quality, according to this year’s J.D. Power Initial Quality Study. It’s the first time since Toyota topped the list 27 years ago that a non-premium brand has led the ratings.
PSA Finalizes Joint Venture with Iran Khodro
6/22/2016PSA Group has finalized a new 50:50 joint venture with long-time partner Iran Khodro to produce Peugeot 208, 2008 and 301 cars in Iran.
VW Gets Approval to Fix Another 1 Million Diesels in Europe
6/22/2016German regulator KBA has approved proposed repairs by Volkswagen AG to bring 1 million of the company’s diesel-powered cars into regulatory compliance.