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Toyota Resumes Production in Japan
2/15/2016Toyota Motor Corp. reopened its 16 domestic assembly plants earlier today following a one-week shutdown because of a shortage of specialty steel.
Report: Letter to Winterkorn in 2014 Flagged Diesel Cheating
2/15/2016Volkswagen AG’s then-CEO Martin Winterkorn was warned by letter two years ago that U.S. authorities were likely to look for cheater software in the company’s diesel-powered cars.
Japan’s Economy Contracts Again
2/15/2016Japan’s economy shrank by an annualized 1.4% in the final quarter of 2015, according to the government.
Ex-Chrysler Chairman John Riccardo Dies
2/15/2016John Riccardo, the Chrysler Corp. chairman and CEO who hired Lee Iacocca in 1978 to help save the company, has died at age 91.
Germany May Add Random Emission Tests for Cars
2/15/2016Germany’s transport minister is touting a measure that would implement random tests of vehicles on the road to compare their exhaust emissions against government standards.
Eurozone’s Economy Expanded 1.5% in Fourth Quarter
2/12/2016The combined gross domestic product of the 19-member eurozone grew 1.5% in fourth quarter of 2015, according to an initial estimate by Eurostat, the EU’s data office.
Panasonic Expands Auto Business with Battery Venture and Laser Welding Technology
2/12/2016As part of its goal to grow its automotive business, Japan’s Panasonic Corp. has announced two more initiatives: a lithium-ion battery joint venture in China and a new laser welding molding compound.
Toyota Adds High-Performance, Off-Road Package for Tacoma Pickup
2/12/2016Toyota Motor Corp. is expanding its Tacoma midsize pickup with a new TRD Pro off-road edition.
Could Alfa Romeo Return to F1 Racing?
2/12/2016Alfa Romeo, which dropped out of Formula One racing at the end of the 1985 season, should consider returning, opines Fiat Chrysler Automobiles CEO Sergio Marchionne.
American Axle’s Earnings Surge
2/12/2016Surging demand for trucks and SUVs helped multiply four-quarter net earnings last year for American Axle & Manufacturing Holdings Inc. to $63 million from $13 million in 2014.