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Porsche Plans €1.1 Billion Upgrade for German Facilities
7/15/2015Volkswagen AG's Porsche brand says it will spend €1.1 billion by 2020 to update its production and research facilities in Germany.
Magna Near Deal to Buy Getrag?
7/15/2015Canada's Magna International Inc. could announce a deal yet this week to acquire 80-year-old German transmission maker Getrag AG, sources tell Bloomberg News.
Mobileye Targets Incremental Advances in Self-Driving World
7/15/2015Israel-based Mobileye NV tells Bloomberg News it will launch its semi-autonomous driving technology on an unnamed vehicle later this year.
Japan’s Horiba Buys British Engineering Firm
7/15/2015Japan's Horiba Group, which produces automotive test equipment, has acquired U.K.-based Mira Ltd. for about 85 million ($133 million). Mira's engineering, test track, and research and development operations will be renamed Horiba Mira Ltd.
Supplier Strike Idles SEAT Assembly Plant
7/15/2015Volkswagen Group's SEAT unit suspended production today at its factory in Martorell, Spain, today because a labor strike at its seating provider disrupted supplies.
Mercedes Expands Use of High-Output Turbo to More AMG Compacts
7/15/2015Daimler AG's Mercedes-Benz unit is rolling out freshened versions of its AMG 4Matic compact performance models: the CLA 45 AMG, CLA 45 AMG Shooting Brake and GLA 45 AMG.
China Posts 7% Growth in Second Quarter
7/15/2015China reports an unexpectedly strong 7% expansion in gross domestic product for the second quarter of 2015, matching first-quarter growth.
Toyota Recalls 625,000 Prius Hybrids Worldwide
7/15/2015Toyota Motor Corp. is preparing to fix a software flaw in about 625,000 of its Prius hybrid sedans and minivans that could unexpectedly shut down the powertrain.
Mitsubishi Adding Mirage Small-Car Output in Philippines
7/15/2015Mitsubishi Motors Corp. is preparing to assemble Mirage small sedans in the Philippines as soon as next year, according to The Nikkei.
Ford to Fix Water Leaks in 2015 Edge Crossovers
7/15/2015Ford Motor Co. is urging as many as 19,000 owners of 2015 model Edge crossovers to have their vehicles inspected for a possible water leak that could soak the dash, footwell carpets and floorpan, Consumer Reports notes.