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Counterfeit Part Prompts Massive Aston Martin Recall
2/5/2014Aston Martin Lagonda Ltd. is recalling about 75% of the cars it has built over the past six years to replace a defective accelerator pedal arm supplied by a Chinese company.
Report: BMW Likely to Open Assembly Plant in Mexico
2/5/2014BMW AG is in advanced talks with officials in Mexico about opening a $1.5 billion factory there in 2016 that would supply 1 Series and 3 Series small cars throughout North America, according to The Wall Street Journal.
Mazda More than Doubles Quarterly Earnings
2/5/2014Mazda Motor Corp.'s sales in October-December 2013 jumped 34% to 686 billion yen ($6.8 billion). Net income surged to 52 billion yen ($517 million) from 19.8 billion yen.
Mercedes Targets 7% Annual Sales Growth
2/5/2014Daimler AG's Mercedes-Benz brand, which sold a record 1.4 million-plus cars and crossover/SUVs in 2013, aims to push sales above 1.5 million this year and to more than 1.6 million in 2015.
Nissan Begins Datsun Production in India
2/5/2014Nissan Motor Co. has begun assembling its first Datsun brand model, the subcompact Go, at the factory it co-owns with Renault SA outside Chennai, India.
Delphi Doubles Net Profit
2/5/2014Delphi Automotive LLC hiked its revenue 11% to $4.2 billion and more than doubled net income to $298 million in the fourth quarter of 2013.
VW to Hike Stake in Scania?
2/5/2014Volkswagen AG may seek to accelerate the integration of its Scania and MAN commercial truck units by hiking its stake in the Swedish company, says The Wall Street Journal, which cites unidentified sources.
Minority Shareholders Say PSA Equity Deal Could Trigger Buyout
2/4/2014A group of minority shareholders complains that PSA Peugeot Citroen's proposed €3 billion capital increase plan will hurt the company by making it tougher to line up alliances with other carmakers, Reuters reports.
Chrysler Touts Fuel Economy of Diesel Pickup Truck
2/4/2014Fiat Chrysler Automobiles' diesel-powered Ram 1500 fullsize pickup truck has earned a best-in-class U.S. government combined fuel economy ratings of 28 mpg on the highway and 23 mpg in combined highway/city driving.
GM Names New Sales Chiefs at Chevrolet, Buick
2/4/2014General Motors Co. has appointed Brian Sweeney, currently U.S. vice president of Buick-GMC sales and service to take the same job title at Chevrolet, effective March 1.