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Spyker Falls into Receivership
12/19/2014Spyker NV, the former owner of Saab Automobile, has been declared insolvent by a Dutch court and placed in receivership.
Head of Bosch Automotive Quits to Become Mahle’s CEO
12/19/2014Wolf-Henning Scheider, who has led automotive operations for Robert Bosch GmbH since July 2013, will leave the company at the end of March 2015 to become chairman and CEO of powertrain parts supplier Mahle GmbH.
China Hikes GDP Estimate for 2013
12/19/2014China's National Bureau of Statistics has increased its estimate of last year's the country's gross domestic product by 3% to 58.8 trillion yuan ($9.5 trillion), Reuters reports.
Car Sales Pace Heads for 8-Year High in December
12/19/2014Fleet and retail sales of passenger vehicles in the U.S. will reach 1.5 million units this month, up 6% from December 2013, predict LMC Automotive and J.D.
Toyota to Merge Seatmaking Operations in Japan
12/19/2014Toyota Motor Corp. intends to fully merge the seatmaking operations of four subsidiaries as early as 2016, The Nikkei reports.
Ford Ends Production in Genk
12/19/2014Ford Motor Co. officially ended vehicle production at its plant in Genk, Belgium, on Thursday after five decade of operation.
Spyker Falls into Receivership
12/19/2014Spyker NV, the former owner of Saab Automobile, has been declared insolvent by a Dutch court and placed in receivership.
U.S. Sells Off Remaining Stake in Ally Financial
12/19/2014The U.S. Dept. of the Treasury is disposing final 54.9 million shares in Detroit's based Ally Financial Inc.
Conti’s Low-Cost Infrared Display Offers Touchscreen Features
12/18/2014Continental AG is developing a lower-cost infrared alternative to capacitive touchscreens that provides the same ability to swipe, zoom and pinch images.
Shares Plunge for China’s BYD, Geely
12/18/2014Investors mounted huge selloffs of shares in Geely Automobile Holdings Ltd. and BYD Co. this week, apparently over concerns about the profit prospects for both carmakers.