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Chrysler’s Purchasing Chief to Head New Safety Office
8/12/2014Chrysler Group LLC has created a new office to monitor the company's safety and regulatory compliance issues.
Economic Outlook Drops to 20-Month Low in Germany
8/12/2014Expectations in Germany about the country's economic future fell sharply in August as worries about the impact of geopolitical tensions continue to rise, according to the closely watched ZEW Indicator of Economic Sentiment.
Report: Unions Force VW to Dump Cost-Cutting Consultants
8/12/2014Union leaders have forced Volkswagen AG to dismiss McKinsey & Co., the consultants hired to help it cut costs for the VW brand €5 billion by 2018, Reuters reports.
Volkswagen Recalls Target Ignition Switch, Stalling Problems
8/12/2014Volkswagen AG is launching one recall and expanding another to fix defective ignition switch and fuel system flaws.
GM Ignition Switch Fund Receives 120 Claims in Eight Days
8/12/2014The fund set up to compensate victims of crashes linked to flawed General Motors Co. ignition switches has received about 65 claims of fatalities caused by the defect.
Mercedes Switches to Steel Pistons for V-6 Diesel
8/12/2014Daimler AG's Mercedes-Benz unit is replacing the aluminum pistons in the V-6 diesel for its E 350 BlueTEC sedan with more compact steel pistons.
BMW Names New CFO for N. America
8/12/2014BMW AG has named Stefan Walmrath to take over as chief financial officer for its North American unit on Sept. 1.
20% of Ford Cars Sold in Europe Have 3-Cylinder Engines
8/12/2014Ford Motor Co. says its 1.0-liter 3-cylinder gasoline engine is standard equipment in one of five new vehicles it sells in Europe.
LG Aims to Double Auto Display Share by 2018
8/11/2014South Korea's LG Display Co. tells Bloomberg News it hopes to boost its market share of screens used in vehicles to 30% by 2018 from 16% today.
Blackstone Buys Alliance Automotive
8/11/2014Blackstone Group has paid an estimated €440 million to acquire Paris-based Alliance Automotive Group, the European automotive parts distributor, the Financial Times reports.