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Conti Plans $1.4 Billion Tire Plant in Mississippi
2/9/2016Continental AG says it will open a $1.4 billion plant in Clinton, Miss., by the end of 2019 to make commercial truck and bus tires.
Venezuelan Unit Pushes Goodyear to 4Q Loss
2/9/2016A special $646 million charge for deconsolidating its Venezuelan unit caused fourth-quarter results for Goodyear Tire & Rubber Co. to swing to a $380 million net loss in the fourth quarter of 2015.
Cadillac Escalade to Keep Truckin' Along
2/9/2016General Motors Co. has no plans to drop the Cadillac Escalade SUV from its lineup or shift it to a car-based unibody platform to better compete with rival European luxury marques as some recent media reports have suggested.
U.S. Escalates Rollaway Probe of 856,300 FCA Vehicles
2/9/2016U.S. safety officials have stepped up their investigation of a Fiat Chrysler Automobiles NV electronic gearshift system linked to 117 crashes and 28 injuries.
GM Offers to Sell Volt Hybrid Powertrains to Other Carmakers
2/9/2016General Motors Co. is offering to supply other carmakers with the next-generation hybrid powertrain it developed for the 2016 model Chevrolet Volt, says Dan Nicholson, vice president of Global Powertrain.
VW Replaces Group Quality Chief
2/9/2016Volkswagen AG has named Hans-Joachim Rothenpieler, currently head of technical development for VW’s Commercial Vehicles unit, as its new head of group quality assurance, effective Feb. 15.
EPA Seeks to Outlaw Conversion of Street Cars to Racers
2/9/2016The U.S. Environmental Protection Agency proposes to make it illegal to remove emission control equipment on street-legal cars when converting them into track-only race cars.
VW Commercial Truck Unit Could Go Public
2/8/2016Volkswagen AG says its commercial truck group could acquire a truckmaker outside Europe and/or go public with an initial public offering. “We’re keeping all options open" on both fronts, a spokeswoman tells Reuters.
Toyota Begins One-Week Production Halt in Japan
2/8/2016Toyota Motor Corp. says it will suspend vehicle output at all 16 of its assembly plants in Japan through Saturday because of a steel shortage following an explosion at a steel plant last month.
PSA Agrees to Compensate Iranian Partner for Sanctions
2/8/2016PSA Peugeot Citroen has agreed to compensate its carmaking partner in Iran for losses incurred when PSA abandoned their venture in 2012 to comply with international sanctions against Tehran’s nuclear development program.