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GM Ignition Fund Approves 100th Fatality Claim
5/11/2015The independent fund set up to compensate victims of defective General Motors Co. ignition switches approved three more death claims last week, bringing the total to 100.
Subaru Accelerates Plan to Raise U.S. Capacity
5/11/2015Subaru owner Fuji Heavy Industries Ltd. says it will hike annual capacity at its factory in Lafayette, Ind., to 394,000 units by the end of 2016 from about 310,000 currently.
Volvo Chooses South Carolina for U.S. Car Plant
5/11/2015Volvo Car Group has selected a site near Charleston, S.C., to erect a $500 million factory able to build 100,000 cars per year.
Clutch Sensor Failure Prompts Jeep, Viper Recall
5/11/2015Fiat Chrysler Automobiles NV is recalling 43,800 U.S. cars and SUVs with manual transmissions to replace a sensor intended to prevent the vehicle from starting unless the clutch pedal is depressed.
Toyota, Mazda Ponder Expanded Tech Swap
5/11/2015Toyota Motor Corp. and Mazda Motor Corp. are in talks about sharing powertrain technologies, says the Nihon Keizai.
Ford to Sell Cars in Venezuela in U.S. Dollars
5/11/2015Ford Motor Co. has reached agreement with the Venezuelan government to begin selling some of its models there in U.S. dollars instead of the local bolivar, Bloomberg News reports.
China Lowers Interest Rates Again
5/11/2015China's central bank has cut its key interest rate for the third time in six months this time to 5.1% to help stimulate the country's economy.
Incentives Shift May Push Netherlands from Plug-Ins to EVs
5/11/2015The Dutch government's plan to reduce corporate tax breaks next year for plug-in vehicles but not pure-electrics is likely to shift demand to EVs, notes Automotive News Europe.
Investors Balk at BMW Plan to Promote Reithofer
5/11/2015BMW AG's board faces resistance in its plan to promote CEO Norbert Reithofer to chairman of its supervisory board, the Frankfurter Allgemeine Zeitung reports.
Marchionne Chats with Apple, Tesla
5/11/2015Fiat Chrysler Automobiles CEO Sergio Marchionne tells Reuters he has held informal conversations with the heads of Apple and Tesla Motors.