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Budd Co. Files for Bankruptcy Protection
4/2/2014Budd Co., the former auto supplier and builder of streamlined stainless steel passenger train cars, has filed for Chapter 11 protection in a bid to modify its pension obligations.
Few Revelations in Barra, NHTSA Testimony
4/1/2014Little new information emerged from Tuesday's two-hour grilling of General Motors Co. CEO Mary Barra by the U.S. House Energy and Commerce Committee about GM's 13-year delay in recalling 1.6 million faulty ignition switches.
Peugeot Hikes Output of 2008 SUV by 25%
4/1/2014PSA Peugeot Citroen says it will increase output of its Peugeot 2008 small SUV/crossover from about 690 to 860 units per day because of strong demand for the model.
Asian Brands Grow 5% in U.S.
4/1/2014Retail sales of cars and light trucks in the U.S. rose 6% to 1.54 million in March, according to Autodata Corp.
Daimler Buys Evonik’s Stakes in Two Battery Ventures
4/1/2014Daimler AG has agreed to take full control of its two batterymaking ventures with Germany's Evonik Industries AG.
U.S. Vehicle Sales Rise 6%
4/1/2014Sales of cars and passenger trucks in the U.S. rose by 90,000 units to 1.54 million in March, according to Autodata Corp.
Trucks Push U.S. Vehicle Sales Up 6%
4/1/2014Retail sales of cars and light trucks in the U.S. rose to 1.54 million in March from 1.45 million a year earlier, reports Autodata Corp.
Daimler Ponders Production in Russia
4/1/2014Daimler AG says it is studying the idea of building Mercedes-Benz cars in Russia but set no timetable for deciding.
Hyundai Chairman Received $34 Million in 2013
4/1/2014Hyundai Motor Co. Chairman Chung Mong-koo earned 14 billion won ($13.2 million) in compensation last year, Reuters reports, citing a stock exchange filing.
Mitsubishi Buys Mothballed Ford Factory in Philippines
4/1/2014Mitsubishi Motors Corp. has acquired a shuttered Ford Motor Co. plant in Laguna, the Philippines, and aims to launch production there in 2015, Automotive News reports.