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GM’s Beleaguered Chief Attorney to Retire
10/20/2014Michael Millikin Michael Millikin, General Motors Co.'s general counsel for the past five years, is retiring early next year.
UPDATE: Takata Implicated in 4th U.S. Fatality
10/20/2014A fatal crash earlier this month in Florida is the fourth to date in which injuries caused by an exploding airbag inflator caused or contributed to death, Reuters reports.
U.S. Gasoline Prices Drop to Four-Year Low
10/20/2014The average price of a gallon of gasoline in the U.S. starts the week at $3.11, the lowest level for the period since 2010, says the AAA Daily Fuel Gauge Report.
Ford Expands Diesel Capacity in U.K.
10/20/2014Ford Motor Co. is spending 390 million (€492 million) to complete an expansion of clean-diesel capacity at its factory in Dagenham, England.
Report: Dozens of Production Problems Plagued Takata Airbag Inflators
10/20/2014Takata Corp. engineers struggled between 2001 and 2003 to cure at least 45 manufacturing problems linked to the company's flawed airbag inflators, according to internal company documents cited by Reuters.
Porsche Holds a Concert in the Sistine Chapel
10/20/2014On Saturday Porsche AG became the first company to rent the Vatican's Sistine Chapel in Rome for a corporate event.
Ghosn Predicts 800,000 Sales for Renault in China
10/20/2014Renault-Nissan alliance CEO Carlos Ghosn tells Automotive News Europe that Renault, which sold 32,000 vehicles in China last year, could eventually reach annual volume of 800,000 units there.
GM Expands Credit Line
10/20/2014General Motors Co. is replacing an existing $11 billion credit line with two facilities that will give the company access to an additional $1.5 billion and enable it to extend about $4 billion of the total to its GM Financial lending arm.
Siemens Debuts Integrated Motor and Inverter for EVs
10/20/2014Siemens AG says its electric motor with built-in DC-to-AC inverter saves cost, reduces weight and takes up less space.
IAC Adds Two Plants in China
10/17/2014International Automotive Components Group has opened two more factories in Changshu, China, bringing to 26 the number of its operations in the country.