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Conti Buys ASC’s Laser-Imaging Sensor Unit
3/4/2016Continental AG has acquired the 3-D laser-imaging sensor unit of California-based Advanced Scientific Concepts Inc. for an undisclosed amount.
India’s Minda Industries Acquires Spanish Lighting Unit
3/4/2016India-based electrical components supplier Minda Industries Ltd. has acquired the global automotive lighting business of Spain’s Rinder Group for €20 million.
Ferrari Ponders €500 Million Bond Sale
3/4/2016Ferrari NV plans a €500 million bond sale pending “decent” market conditions, Chairman Sergio Marchionne tells Bloomberg Television.
Brazil’s Economy Shrinks 3.8%
3/3/2016Brazil’s gross domestic product contracted 3.8% in 2015, the biggest reported decline to date among the world’s major economies, says the government’s IBGE statistics bureau.
U.S. Delays Second-Phase Fuel Economy Rules for Heavy Trucks
3/3/2016A US. plan to promulgate second-stage fuel efficiency standards for commercial trucks won’t move forward until after April 1 so regulators can collect more public comments, Reuters reports.
Audi’s Profits Fall 6%
3/3/2016Audi AG reports its unit sales rose 4% to a record 1.80 million vehicles in 2015.
U.S. Auto Financing Amounts Reach New Highs
3/3/2016The average amount being financed for new-car purchases in the U.S. climbed to an eight-year high of $29,600 in the fourth quarter of 2015, Experian Information Solutions Inc. reports.
NHTSA Rejects Call for Broader Takata Recall
3/3/2016A U.S. senator’s proposal to recall as many as 90 million more Takata Corp. airbag inflators in the U.S. would overwhelm the airbag industry’s ability to supply replacements and leave consumers confused but no safer, the National Highway Traffic Safety Administration says.
Audi SQ7 Powers Up with Segment-Leading 435-hp Diesel
3/3/2016Volkswagen AG’s Audi unit says its new SQ7 TDI model is the most powerful diesel-fueled SUV in the world.
Mazda CX-9 Crossover Boasts 32% Fuel Economy Gain
3/3/2016Mazda Motor Corp. says the front-wheel-drive version of its all-new 2016 CX-9 midsize crossover has a best-in-class fuel economy rating of 25 mpg, based on U.S.