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Tesla Sets Target for Factory in Europe
6/12/2014Tesla Motors Inc. says it will probably establish a manufacturing plant in Europe for its electric cars after annual sales in the region reach 160,000 units.
Brazil, Argentina Adjust Trade Rules on Cars, Parts
6/12/2014Argentina and Brazil have modified bilateral trade rules governing cars and auto parts shipped between the two countries, Bloomberg News reports.
Mitsubishi Recalls 840,000 Vehicles Worldwide
6/12/2014Mitsubishi Motors Corp. is recalling at least 854,000 vehicles worldwide, including nearly 704,000 in Japan, to remedy a light switch defect that can cause the headlamps and turn signals to stop working.
NHTSA Opens Probe on Takata Airbags
6/12/2014The National Highway Traffic Safety Administration is investigating possible safety defects in 1.1 million vehicles equipped with airbag systems supplied by Takata Corp.
NYC Gets Court Okay for Nissan “Taxi of Tomorrow” Plan
6/12/2014An appeals court in Manhattan has ruled that New York City may move forward with a $1 billion plan that makes Nissan Motor Co. the city's exclusive supplier of taxicabs for 10 years.
Barra Will Revisit House Committee Next Week
6/12/2014General Motors Co. CEO Mary Barra will meet on June 18 with the U.S. House Energy and Commerce Committee to review the company's 325-page report about its repeated failure to recall defective ignition switches.
JLR to Open Engine Plant in China in 2016
6/11/2014Tata Motors Ltd.'s Jaguar Land Rover unit will add an engine-making facility at its new vehicle assembly plant in Changshu, China, in about two years, according to the Financial Times, which cites unidentified sources.
Palladium Prices Soar to 13-Year High
6/11/2014Palladium futures rose to $860 per ounce on Wednesday, their highest since early 2001, the Associated Press reports.
Ford Rolls Out Transit Van to Replace E-Series in U.S.
6/11/2014This summer Ford Motor Co. will begin selling its Transit delivery van in the U.S. and Canada for the first time as it phases out its 53-year-old E-Series van.
Hyundai Begins U.S. Sales of Fuel-Cell Vehicles
6/11/2014Hyundai Motor Co. has begun leasing a small number of fuel-cell-powered Tucson crossovers in California.