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19 Fatalities Linked to GM Cars in Ignition Switch Recall
7/25/2014General Motors Co. has supplied the National Highway Traffic Safety Administration with details about 19 fatal crashes involving cars the company recalled in February to replace defective ignition switches.
Gentex Boosts Earnings 47%
7/25/2014Gentex Corp. reports its net sales rose 18% to $338 million in April-June, and net earnings soared 47% to $77 million.
Cooper Standard Opens Tech Center in Shanghai
7/25/2014Cooper-Standard Holdings Inc. has formally opened its Asia Pacific Technical Center in Shanghai.
Bentley Ponders a Fifth Model
7/25/2014Volkswagen AG's Bentley Motors Group says it may expand its lineup with a fifth model to follow the €180,000 SUV it plans to introduce in 2016.
U.S. July Sales Heading for 8-Year High?
7/24/2014Retail sales of cars and light trucks in the U.S. are likely to reach 1.4 million units this month, up from 1.11 million in June to the highest July volume since 2006, predict LMC Automotive and J.D. Power.
Fiat, PSA Deny Merger Report
7/24/2014Fiat SpA and PSA Peugeot Citroen both deny a Financial Times report citing unnamed sources who say the companies may revive preliminary partnership talks held over the past year.
Porsche Importer Buys South Africa’s F1 Racetrack
7/24/2014Porsche South Africa has acquired the Kyalami Formula One race track in South Africa for 205 million rand (€14.5 million), Bloomberg News reports.
Hyundai’s Profits Sag
7/24/2014Hyundai Motor Co.'s net profit dropped 7% to 2.35 trillion won ($2.3 billion) in April-June compared with results in the same period last year.
Ford Boosts Earnings 6%
7/24/2014Ford Motor Co.'s net income in the second quarter advanced 6% to $1.3 billion.
GM Earnings Plummet 80% on Recall Costs
7/24/2014General Motors Co.'s net earnings in the second quarter of 2014 plunged to $278 million from $1.4 billion a year earlier, dragged down by costs associated with 22 million vehicles recalled during the period.