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Ford Paid CEO Mulally $23 Million in 2013
3/31/2014Ford Motor Co. increased the total compensation paid to CEO Alan Mulally 11% to $23.2 million last year, according to a regulatory filing.
Daimler to Double Capacity of China Factory
3/31/2014Daimler AG and partner Beijing Automotive Industry Corp. say they will spend about €1 billion ($1.4 billion) to at least double annual capacity at their Mercedes-Benz assembly plant in Beijing by the end of 2015.
Dealers in France Sue GM Over Plan to Drop Chevrolet
3/31/2014A group of Chevrolet dealers in France is demanding more compensation following General Motors Co.'s decision to withdraw the brand in Europe at the end of 2015, Reuters reports.
Tesla Adds Battery Shields, Ending U.S. Fire Probe
3/31/2014Tesla Motors Inc. has added three underbody shields to protect the battery of its Model S electric sedan from road debris.
GM to Set Aside $3 Billion for Claims on Ignition Flaw?
3/31/2014General Motors Co. appears likely to create a fund of as much as $3 billion to pay claims generated by its belated recall of nearly 2.6 million cars to replace defective ignition switches, according to Bloomberg News, which cites analysts.
Most Toyota Workers in India Refuse to Return
3/28/2014Toyota Motor Corp. lifted its eight-day lockout of union workers in India on Monday, but most employees have refused to go back to work, The Wall Street Journal reports.
GM Expands Ignition Switch Recall by Another 971,000 Vehicles
3/28/2014General Motors Co. is extending its global recall of 1.6 million vehicles for faulty ignition switches to cover an additional 971,000 units.
Dealers to Halt Sales of Some Chevy Cruze Sedans
3/28/2014General Motors Co. has ordered its U.S. dealers to suspend deliveries of Chevrolet Cruze sedans that are fitted with 1.4-liter turbocharged Ecotec engines.
BMW Plans 50% Capacity Expansion in U.S.
3/28/2014BMW AG says it will invest $1 billion to increase annual production capacity at its factory in Spartanburg, S.C., to 450,000 units by 2016 from 300,000 units today.
PSA-Dongfeng Alliance Could Include Brazil, Russia
3/28/2014PSA Peugeot Citroen and China's Dongfeng Motor Group consider plans to expand sales in Asia as a starting point for a broader global strategy, according to Dongfeng Chairman Xu Ping.