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Report: Shared Self-Driving Cars Could Cut Car Park 90%
5/1/2015Fleets of shared autonomous vehicles could provide virtually the same personal mobility as today's privately owned car structure but with only 10% as many vehicles, according to an analysis the International Transport Forum in Paris.
Profits Jump 58% for American Axle
5/1/2015American Axle & Manufacturing Holdings Inc. reports its sales climbed 13% to $969 million in the first quarter of 2014.
Hyundai Targets Growth in Middle East
5/1/2015Hyundai Motor Co. sold a record 328,000 vehicles in the Middle East last year, which represents nearly 8% of the company's global sales, The Korea Herald reports.
Strong Truck Demand Boosts U.S. Market 5%
5/1/2015Car and light truck sales in the U.S. grew 5% to 1.45 million units in April, powered by strong demand for pickup trucks, crossovers and SUVs.
Takata, Honda Sued in U.S. for Airbag Death in Malaysia
5/1/2015The father of a pregnant woman killed in Malaysia by shrapnel from an exploding airbag inflator made by Takata Corp. has filed a lawsuit in the U.S. against the company and carmaker Honda Motor Co.
Ford Expands Door Latch Recall
5/1/2015Ford Motor Co. is expanding it recall of cars with door latches that may fail to 545,900 vehicles from the 389,600 units it recalled in North America a week ago.
Tesla Debuts Home Battery System
5/1/2015Tesla Motors Inc. has unveiled its new Tesla Energy line of batteries to be used by homes and businesses to store solar power and reduce reliance on the electrical grid.
France Gets Its Way in Vote Over Renault Control
5/1/2015As expected, France's socialist government was successful on Thursday in forcing Renault SA to comply with a year-old law that gives double voting rights to investors who have held shares in the company for more than two years.
Advocates Push to Update U.S. Safety Reporting that Ignores Older Cars
4/30/2015The U.S. early-warning system created to quickly detect possible safety defects doesn't monitor cars that are more than 10 years old.
Piech Challenges VW Board Selection to Replace Him
4/30/2015Former Volkswagen AG Chairman Ferdinand Piech is offering two alternate supervisory board candidates to those recommended by the board to replace him and his wife, according to Bild, which cites no sources.