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Cooper-Standard Ponders Bid for TI Automotive
2/25/2014Cooper-Standard Holdings Inc. is evaluating a possible takeover bid for rival TI Automotive Ltd., according to Reuters, which cites unnamed sources.
CR Declares Tesla EV “Best Overall” Car
2/25/2014Last year Consumer Reports gave Tesla Motors Inc.'s Model S electric sedan the magazine's highest car test score ever 99 out of a possible 100.
Honda Appoints Its First Female Board Member
2/25/2014Honda Motor Co. has nominated Hideko Kunii to become its first female director.
GM Doubles Ignition Switch Recall to 1.6 Million Vehicles
2/25/2014General Motors Co., which last week said it would recall 780,000 cars to replace defective ignition switches, has widened the campaign by adding four more models and 842,000 vehicles.
Nissan Recalls Pickups to Fix Wiring Harness Fire Hazard
2/25/2014Nissan Motor Co. is preparing to recall 13,500 of its model 2012-2014 Frontier midsize pickup trucks to fix a wiring problem that could cause a fire.
Daihatsu Expects 30% Cut in Production Costs in Three Years
2/25/2014Daihatsu Motor Co. is targeting a 30% reduction in its minicar production costs by 2016, according to The Nikkei, which cites no sources.
BMW to Double Engine Capacity in China
2/25/2014BMW AG and partner Brilliance China Automotive Holdings Ltd. plan to eventually make as many as 400,000 engines per year in China at a new factory in Shenyang, Bloomberg News reports.
European Parliament Reaches Accord on CO2 Cap
2/25/2014The European Parliament has agreed how to implement a rule that would limit carbon dioxide emissions from new cars to 95 g/km in 2020.
Scania Urges Shareholders to Wait on VW Tender Offer
2/25/2014Scania AB has advised its shareholders not to accept Volkswagen AG's €6.7 billion tender offer for their shares until the truckmaker's board reviews the deal.
Sale of Partnership Stake Boosts Visteon Earnings
2/25/2014Visteon Corp.'s net income for 2013 zoomed to $690 million from $125 million in the previous year, largely because of the fourth-quarter sale of its 50% stake in an automotive trim venture in China.