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ECB Holds Interest Rates Steady
8/7/2014The European Central Bank, which in June dropped its benchmark lending rate to 0.15% from 0.25%, has extended the lower rate.
Redesigned Volt to Debut at Detroit Auto Show
8/7/2014General Motors Co. confirms it will publicly unveil its next-generation Chevrolet Volt plug-in hybrid sedan in January at the Detroit auto show.
Tesla Names Denholm to Board
8/7/2014Tesla Motors Inc. will add Juniper Networks Inc.'s Robyn Denholm on Aug. 11 as its seventh board member.
Takata Expects $235 Million Loss on Airbag Recalls
8/7/2014Takata Corp. says it will probably incur a record net loss of 24 billion yen ($235 million) in the current fiscal year because of costs associated with recalls of faulty airbag inflators.
Nissan to Open Design and Tech Centers in China for Local Brand
8/7/2014Nissan Motor Co. is opening separate design and engineering centers in Guangzhou next year to support its new China-specific Venucia brand, Reuters reports.
PSA Denies Alliance Talks with Mahindra
8/7/2014PSA Peugeot Citroen denies a report by the Times of India saying the company is discussing a partnership with India's Mahindra & Mahindra Ltd.
Tesla Resolves Trademark Dispute in China
8/7/2014Tesla Motors Inc. says it has "completely and amicably" settled a dispute over its trademark in China.
Toyota Swaps Factory “Andon Cord” for Wireless Buttons
8/6/2014Toyota Motor Corp. is phasing out the cords in its assembly plants that workers can pull to signal trouble or even shut down the line, Automotive News reports.
Voice Recognition Not Ready for Prime Time
8/6/2014Carmakers should give up on voice-activated controls for now and focus on simpler systems that actually work, says market research firm J.D. Power.
China Declares Audi, Chrysler Guilty of Price Gouging
8/6/2014China says it will punish Audi, Chrysler and 10 unidentified Japanese replacement parts suppliers for price gouging.