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Opel Says Shared GM Platforms Will Fuel Profits
6/5/2014Opel CEO Karl-Thomas Neumann tells reporters the company will rely on General Motors Co. global platforms and shared technologies to become profitable by 2016.
Ford Expects Another Big Loss in South America
6/5/2014Ford Motor Co., which lost $510 million in South American in January-March, warns of another "significant" loss in the second quarter because of slumping sales, Reuters reports.
GM Document Count to Congress Tops 1 Million Pages
6/5/2014The U.S. House committee investigating General Motors Co.'s delayed ignition-switch recall has now received more than 1 million pages of documents from the carmaker, The Detroit News reports.
Schaeffler Names Rosenfeld Permanent CEO
6/4/2014Schaeffler AG has dropped plans to name Klaus Deller, currently head of brake system supplier Knorr-Bremse AG, as its permanent CEO.
UAW Elects Williams as New President
6/4/2014The United Auto Workers union has confirmed Dennis Williams as its new president.
JCI Opens Auto Battery Factory in China
6/4/2014Johnson Controls Inc. has officially launched production at its new $154 million starter-battery plant in Chongqing, China.
GM Plans Thursday Release of Probe on Ignition Switch Recall
6/4/2014On Thursday morning General Motors Co. is expected to present the findings of its three-month investigation into why the company took more than 10 years to recall a faulty ignition switch linked to at least 13 fatalities.
Tesla Won’t Pick Battery Plant Site Till Year End
6/4/2014Tesla Motors Inc. CEO Elon Musk tells shareholders the electric car company won't choose the first site for its battery "gigafactory" until about the end of the year. A decision had been expected as early as this month.
McLaren Automotive Posts Its First Profit
6/4/2014Luxury performance car maker McLaren Automotive Ltd. posted its first net profit £4.5 million (€5.5 million) in 2013, as revenue grew 7% to 285 million (€361 million), according to the Financial Times.
Ford, Samsung Unveil Next-Generation Battery Projects
6/4/2014Ford Motor Co. and Samsung SDI Co. are researching two new battery systems for non-hybrid vehicles.