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JCI to Sell Headliner, Sun Visor Units
2/19/2014Johnson Controls Inc. has agreed to sell its headliner and sun visor businesses to a unit of private equity firm Atlas Holdings LLC, Automotive News reports.
Tesla Narrows Losses
2/19/2014Tesla Motors Inc. posted a $16 million net loss in the fourth quarter of 2013 compared with a $90 loss a year earlier.
Carmakers Face Deadline on Connected-Car Broadcast Spectrum
2/19/2014The auto industry is being pressured to either use broadcast spectrum allotted to it 15 years ago by the Federal Communications Commission or allow wi-fi service provides to tap it, Bloomberg News reports.
PSA Narrows Its Losses
2/19/2014PSA Peugeot Citroen says revenue last year from its automotive division fell 5% to €36.5 billion.
Dongfeng to Invest €800 Million in PSA
2/18/2014China's Dongfeng Motor Group Co. has agreed to pay €800 million to acquire a 14% stake in PSA Peugeot Citroen.
White House Sets Target for Big-Truck Fuel Economy Rules
2/18/2014The U.S. Dept. of Transportation and Environmental Protection Agency have been directed to develop a new set of fuel economy standards for medium- and heavy-duty trucks by March 2016.
Judge Approves Fisker Asset Sale
2/18/2014A bankruptcy judge in Delaware has approved the sale of Fisker Automotive Holdings Inc.'s assets to China's Wanxiang Group for $149 million.
Car Sales Up 5% in Europe
2/18/2014January new-vehicle registrations across the EU28 reached 967,800 units compared with 920,400 a year earlier, according to industry group ACEA.
Anti-Union Group Vows to Fight UAW Elsewhere in South
2/18/2014The Center for Work Freedom a group that helped thwart the United Auto Workers union's attempt to organize Volkswagen AG's plant in Chattanooga, Tenn. says it will attempt to do the same elsewhere in the South.
BMW Prepares to Add Mini Production in the Netherlands
2/18/2014BMW AG says it will begin to make its Mini small car this summer at the factory in Born, Netherlands, operated by contract assembler VDL Nedcar.