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Ford Books $600 Million for Labor Contract Bonuses
11/30/2015Ford Motor Co. says it will book a $600 million expense this year to pay for $10,000 worker bonuses under the company’s new four-year labor contract with the United Auto Workers union.
Toyota Using Exports to Keep Venezuelan Unit Afloat
11/30/2015Toyota Motor Corp.’s Venezuelan unit is exporting replacement car parts to generate the cash it needs to build new vehicles.
Auto Industry Accounts for 10% of Top 100 Global Innovators
11/30/2015Three carmakers—Honda, Nissan and Toyota—and seven predominately automotive suppliers were included in this year’s Thomson Reuters' list of the top 100 global innovators.
India’s Economic Expansion Accelerates
11/30/2015India reports its gross domestic product grew 7.4% in July-September compared with the same period in 2014.
VW Will Recall Nearly 2.5 Million Diesels in Germany
11/30/2015Volkswagen AG plans to call back almost 2.5 million diesel-powered vehicles in Germany to replace illegal software that was designed to evade emission standards, according to Die Welt.
California EV Startup to Unveil Concept Car at CES
11/30/2015Gardena, Calif.-based Faraday Future Inc. says it will present an all-electric concept car in January at the Consumer Electronics Show in Las Vegas.
Lear Buys Second Telematics Supplier
11/30/2015Interiors giant Lear Corp. has acquired Arada Systems, a Troy, Mich.-based company that provides vehicle-to-vehicle and vehicle-to-infrastructure communication systems.
Mitsubishi to Add Hybrid Crossover Vehicles
11/30/2015Mitsubishi Motors Corp. plans to focus more on crossover vehicles—including four hybrid and all-electric variants—in coming years.
Ford Drops “Friends & Neighbors” Incentive After 4 Weeks
11/30/2015Ford Motor Co. has abandoned a broad discounts-for-everyone program in the U.S. after one month.
PSA to Publicize Real-World Emission Results
11/30/2015PSA Peugeot Citroen says it will begin next spring to publicize actual on-the-road fuel economy readings for its cars.