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Denso Targets Growth from Driver-Assist Features
12/28/2015Denso Corp. expects that sales of its safety and automated driving systems will jump 60% to top 1 trillion yen ($8.30 billion) by 2020 from about 630 billion yen in the fiscal year that ended in March 31, 2015.
Audi to Add Compact Crossover
12/28/2015As part of a new €3 billion ($3.29 billion) investment program, Volkswagen AG’s Audi unit says it will add a small crossover/SUV to its lineup next year.
FCA Repeats Recall to Fix Vanity Mirror Wiring
12/28/2015Fiat Chrysler Automobiles NV is repeating a recall of 476,700 SUVs worldwide to fix wiring to the vanity mirrors that could short circuit, overheat and cause a fire.
Pep Boys Accepts New Bridgestone Bid
12/28/2015Auto parts and service chain Pep Boys has accepted an offer to be acquired by Bridgestone Corp. at $17 per share in a deal worth $947 million.
Toyota Continues to Outsell VW in 2015
12/28/2015Toyota Motor Corp. and its affiliates sold 9.21 million vehicles in January-November, down 1% from the same period in 2014.
9th Fatality Blamed on Exploding Takata Airbag Inflator
12/23/2015The ninth fatality apparently caused by an exploding Takata Corp. airbag inflator occurred in July near Pittsburgh, Pa., the National Highway Traffic Safety Administration reported today.
Nissan Drops Endurance Racing Program
12/23/2015Nissan Motor Co. is discontinuing its Formula One World Endurance Championship (WEC) racing programs after only a single season.
OPEC Predicts Oil Prices Will Reach $70 by 2020
12/23/2015Crude oil futures, currently at about $37 per barrel, will climb to $70 by the end of the decade, predicts the Organization of the Petroleum Exporting Countries.
Ford Accelerates Patent Filings
12/23/2015Ford Motor Co. has applied for a company record 5,872 patents in 2015, about 1,000 of which have been approved—the rest are pending.
VW Names New Head of Legal Affairs
12/23/2015Volkswagen AG has named Manfred Doss to take charge on the group’s legal affairs on Jan. 1.