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24th Supplier Agrees to Plead Guilty to Price Fixing
1/16/2014Tokyo-based Koito Manufacturing Co. has agreed to admit guilt and pay $57 million in criminal fines for conspiring to rig bids and fix prices on headlamps, tail lamps and related electronic components sold to Toyota Motor Corp.
Judge Dismisses U.S. Lawsuit over Goodyear Plant Closing in France
1/16/2014A U.S. District Court Judge has thrown out a $4 million lawsuit against Goodyear Tire & Rubber Co. over to the company's plan to shut down a factory in Amiens, France, Bloomberg News reports.
VP Biden Visits Detroit Auto Show
1/16/2014U.S. Vice President Joe Biden spent 30 minutes this morning touring the North American International Auto Show and visiting top executives from the Detroit Big Three carmakers at their stands.
Car Sales Surge 13% in Europe
1/16/2014New-car registrations across Europe soared to 948,100 units last month from 839,000 in December 2012, according to industry trade group ACEA.
GKN to Open Driveline Factory in Russia
1/16/2014GKN Driveline is preparing to open a 5,000-sq-meter factory in Togliatti, Russia, to supply constant velocity jointed sideshafts for carmakers in the area.
Chrysler Delays Jeep Debut in India
1/16/2014Chrysler Group LLC tells The Wall Street Journal it has suspended plans to introduce Jeep SUVs in India until the country's economy revives.
Daimler to Upgrade Van Plant in Spain
1/16/2014Daimler AG plans to spend about €190 million to update its big assembly plant in Vitoria, Spain, to make a new line of midsize medium-duty Mercedes-Benz commercial vans later this year.
Ford F-150 Robots Visit Detroit Auto Show
1/16/2014Part of the robotic assembly line that will eventually produce Ford Motor Co.'s new aluminum-body F-150 pickup truck took an unusual side trip en route to the assembly plant in Kansas City, Mo., where the 2015 truck will go into production later this year.
ZF Unveils Lightweight Rear Suspension, Electric Drive Concepts
1/15/2014ZF Friedrichshafen AG used the Detroit auto show to debut new technologies designed to reducing weight and increasing the efficiency of electric drivetrains.
GM Offers Subdued Outlook for 2014
1/15/2014General Motors Co. says it expects only "modestly improved" earnings before interest and taxes this year as restructuring costs in Europe double to about $1.1 billion, according to media reports.