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Russia’s Economy Contracts
5/18/2015The Russian economy shrank by an annualized 1.9% in the first quarter of 2015, reversing 0.4% growth in the previous quarter, according to the country's Rosstat statistics agency.
Toyota Details Takata Recall in U.S.
5/18/2015The 5 million-unit recall Toyota Motor Corp. announced last week to replace Takata Corp. airbag inflators will include 636,700 vehicles in the U.S.
VW Group Sales Slipped in April
5/18/2015Volkswagen AG's group sales declined 1% to 853,200 units in April, narrowing the company's sales gain in January-April to 1% (3.34 million units).
Icahn Invests $100 Million in Lyft Car-Hailing Service
5/18/2015Carl Icahn has invested $100 million in Lyft Inc., the San Francisco-based ride-share service that competes with local rival Uber Technologies Inc.
VW Plans €4.2 Billion Upgrade for Factories in Spain
5/15/2015Volkswagen AG says it will spend €4.2 billion through 2019 to upgrade its assembly plants in Martorell and Navarra, Spain, and prepare them for unspecified new models.
Google Cars to Hit the Road This Summer
5/15/2015Google Inc. plans to begin testing a few of its new self-driving prototype vehicle on public roads near its headquarters in Mountain View, Calif., this summer.
ZF Completes TRW Acquisition
5/15/2015Privately held ZF Friedrichshafen AG has completed its acquisition of Michigan-based TRW Automotive Holdings LLC for $13.5 billion (€11.8 billion), including the assumption of debt.
New Toyota Compact Coupe Due in 2018
5/15/2015Toyota Motor Corp. will introduce its new entry-level, compact sports car in early 2018, sources tell Motoring.
No Lag: Audi Speeds Up E-Turbo Plans
5/15/2015Audi AG will begin selling vehicles with electric turbochargers next year, marking the first time an automaker has used an e-charger system in a production model.
Sales of Subcompact Cars Stalls
5/15/2015Europe's demand for subcompact cars, which slumped to a 10-year low in 2014, will recover only slightly this year and isn't likely to grow significantly through the remainder of the decade, market researchers IHS Automotive tell Automotive News Europe.