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Carmakers Pick Engineering Firm, Manager for Takata Probe
2/26/2015A group of 10 carmakers has selected Virginia-based Orbital ATK Inc. to find the underlying reason why some Takata Corp. airbag inflators explode when triggered.
Profits Rise 17% at Volvo Cars
2/26/2015Volvo Car Group's operating profit in 2014 climbed to 2.3 billion kronor (€239 million) from 1.9 billion kronor in 2013.
Federal-Mogul Posts Quarterly Loss, Delays Planned Split
2/26/2015Federal-Mogul Corp. says it will delay for at least six months a planned split into two publicly traded companies.
Only 10% of Recalled Airbag Inflators Replaced
2/26/2015Repairs have been made to fewer than 2 million of the 17 million vehicles recalled in the U.S. to replace Takata Corp. airbag inflators that could explode, the National Highway Traffic Safety Administration says.
Fiat, VW Face Italian Lawsuit Over Fuel Economy Claims
2/26/2015A consumer group has filed a lawsuit in Italy claiming the real-world fuel economy of some Fiat and Volkswagen models is as much as 50% lower than advertised, the Financial Times reports.
Daimler Urged to Reconsider U.S. Expansion
2/26/2015Daimler AG should rethink some of its plans to expand production in the U.S. if the dollar remains strong against the euro, suggests Michael Brecht, the company's top labor representative.
Profits Up as Magna Declares a Stock Split
2/26/2015Magna International Inc.'s revenue in the fourth quarter of 2014 advanced 2% to $9.4 billion, and adjusted earnings before interest and taxes jumped 17% to $712 million.
VW CEO Winterkorn Names Possible Successors
2/25/2015Volkswagen AG CEO Martin Winterkorn, whose contract a group CEO expires next year, tells Stern that recent hires from BMW and Daimler would make possible successors.
GM Trims Production at Two N. American Plants
2/25/2015General Motors Co. plans to adjust output at plants in Michigan and Ontario for a few days to help lower dealer inventories, sources tell Automotive News.
China’s Manufacturing Sector Revives
2/25/2015A closely watched index of manufacturing activity in China crept into "expansion" territory this month, hinting that the country's economy may be back on a stronger growth track.