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ZF Agrees to Buy TRW for $11.7 Billion
9/15/2014Germany's ZF Friedrichshafen AG has reached agreement to buy TRW Automotive Holdings Corp. at $105.60 per share.
VW Group Sales Rose 2% in August
9/15/2014Volkswagen Group's global sales rose to 740,500 units last month from 729,900 in August 2013 as volume for the year to date grew nearly 6% to 6.5 million units.
U.S. Launches Probe into Stalling Dodge Minivans
9/15/2014The National Highway Traffic Safety Administration has opened a preliminary investigation into complaints about engine stalling in Chrysler Group LLC's Dodge Grand Caravan minivans.The probe will focus initially on complaints involving 2007 models but says it also will study other similarly equipped Chrysler minivans.Owners report engine stalling shortly after refueling their vehicles.
Ford Recalls Hybrids for Electronics Overheating
9/15/2014Ford Motor Co. is recalling 73,800 hybrid crossover vehicles to replace a coolant pump that could fail, allowing the powertrain's electronics to overheat and shut down power to the wheels.
Sales of Self-Driving Vehicles Could Hit 42 Million by 2035
9/15/2014Worldwide shipment of driverless cars will surge from 1.1 million in 2024 to 14 million in 2030 and more than 42 million by 2035, predicts ABI Research in London.
Workers Strike Lear Seating Plant
9/15/2014Several hundred Lear Corp. workers walked off the job on Saturday in Hammond, Ind., to protest low wages, the Associated Press reports.
Mazda Adds Diesel for All-New Demio
9/15/2014Mazda Motor Corp.'s redesigned Demio/Mazda2 will debut in Japan later this month, add a diesel option in October and introduce an all-wheel-drive variant in December.
Carmakers Slowly Selling Off Their Dealerships in Europe
9/15/2014European carmakers are trying to sell their company-owned dealerships to private investors, notes Automotive News Europe.
Toyota Rules Out Self-Driving Car
9/15/2014Executives at Toyota Motor Corp.'s technical center in Saline, Mich., say the company will develop advanced safety aids for drivers but has no plan to introduce a truly automatic vehicle, Car and Driver magazine reports.
U.S. Trims Stake in Ally Again
9/15/2014The U.S. Dept. of the Treasury says it reduced its holding in Ally Financial Inc. to about 13.8% from 16% in August.