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Investor Lawsuit Claims VW Breached Capital Market Rules
3/14/2016A worldwide group of 278 institutional investors has filed a €3.2 billion ($3.6 billion) lawsuit in Germany against Volkswagen AG for failing to disclose the company’s diesel emission cheating sooner.
Hertz Cuts Stake in Chinese Car Rental Company
3/14/2016Hertz Global Holdings has agreed to sell nearly 204 million shares in CAR Inc., China’s largest auto rental company.
Ex-Porsche Execs Demand Acquittal on VW Stock Charges
3/14/2016Defense attorneys have asked a German court to acquit two former Porsche Automobil Holding SE executives of charges that they illegally manipulated Volkswagen AG shares in a failed attempt to take over the larger company eight years ago.
PSA Ponders a Return to the U.S. Market
3/14/2016PSA Peugeot Citroen says its renewed profitability has revived thoughts of re-entering to the American car market.
GM Recognizes Five Suppliers for Innovation
3/14/2016As part of its annual Supplier of the Year awards, General Motors Co. has recognized five companies for their product innovation: Autoneum Holding, Delphi Automotive, Delta Electronics, Fanuc and Gentex.
GKN Touts Improved Electric Axle for Small Hybrid Cars
3/14/2016GKN plc says it has improved its eAxle technolgy to make it easier for carmakers to develop plug-in hybrid variants of compact cars.
Visteon Sharpens R&D Focus
3/14/2016Visteon Corp. is redirecting its research and development efforts to meet specific industry needs in a bid to better compete against larger rivals such as Continental and Denso.
U.K Approves Driverless-Car Testing on Public Roads
3/14/2016The British government plans to begin pilot testing autonomous vehicles on select roadways later this year and expand testing to highways and other major public roads next year.
Defaults Rise for Subprime Car Loans
3/14/2016The delinquency rate on subprime car loans in the U.S. is on the rise, and so are defaults, The Wall Street Journal reports.
Ex-VW Employee Sues Over U.S. Data Deletion
3/14/2016A former Volkswagen AG employee in the U.S. is suing the company for being fired after attempting to block the deletion of data related to VW’s diesel emission cheating, according to German media.