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Analysts: Fiat Chrysler Lacks the Funds to Meet Sales Plan
6/11/2014Fiat Chrysler Automobiles NV aims in five years to hike sales 60%, revenue 40% and operating profits more than 100%. But analysts tell Automotive News Europe all three targets are beyond the company's reach.
GM Completes Switch Recall Filings to NHTSA, Ends Daily Fine
6/11/2014General Motors Co. has finally answered all 107 questions asked in early March by the National Highway Traffic Safety Administration about its belated ignition switch recall, The Detroit News reports.
Takata Airbag Recall Expands to 7 Million Units Worldwide
6/11/2014A new recall of 650,000 Toyota Motor Corp. cars in Japan boosts the total number of vehicles equipped with faulty airbag systems from Takata Corp. to about 7 million worldwide, Reuters reports.
Barra: GM Will Know Total Recall Cost in July
6/11/2014General Motors Co. CEO Mary Barra tells shareholders the company hasn't yet estimated the full cost of its ignition switch recall but will do so in a few weeks.
Mazda Unveils 1.5-Liter Skyactiv Diesel
6/11/2014Mazda Motor Corp. says the new 1.5-liter clean diesel it will debut in Japan later this year expands on the Skyactiv-D technologies introduced in the company's 2.2-liter oil burner two years ago.
Chrysler Chooses Alfa Romeo Dealers for N. America
6/11/2014Fiat Chrysler Automobiles NV has selected the first 86 dealers to sell vehicles in the U.S. and Canada for the company's relaunched Alfa Romeo brand.
Carmakers Poised for 20-Fold Jump in Aluminum Usage
6/10/2014North American carmakers will hike their use of aluminum sheet for vehicle bodies to 4 billion pounds by 2025 from 200 million pounds in 2012, predicts Troy, Mich.-based Ducker Worldwide.
VW Names New Chief of U.S. Electronics Research Lab
6/10/2014Volkswagen AG has appointed Ewald Goessmann as executive director of its new Electronics Research Laboratory in Belmont, Calif.
Maserati to Hike Production 20%
6/10/2014Fiat SpA's Maserati luxury car unit is preparing to increase production 20% to 900 cars per week to meet demand for its €49,400 ($66,900) Ghibli and €75,700 ($102,500) Quattroporte sedans, Bloomberg News reports.
Driver “Shortcuts” Stretch Travel Time 50%
6/10/2014When drivers try shortcuts to avoid traffic congestion, they end up lengthening their average travel time by half, according to TomTom International NV.