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Korea Fines Bosch, Continental, Denso for Price Fixing
12/24/2013South Korea's Fair Trade Commission has fined Bosch, Continental and Denso a combined 115 billion won ($108 million) for fixing prices on parts they sold to Hyundai Motor Corp. between 2008 and 2012, Reuters reports.
Hyundai-Kia Reaches $395 Million Settlement on False Fuel Claims
12/24/2013Hyundai Motor Co. and its Kia Motors affiliate have agreed to pay about $210 million and $185 million, respectively, to an estimated 900,000 customers to compensate for the companies' inflated U.S. fuel economy ratings.
Honda Launches Mini Crossover
12/20/2013Honda Motor Corp. intends to go global with the new Vezel subcompact crossover it introduced this month in Japan.
Report: Fiat Revives Talks to Buy Remaining Chrysler Stake
12/20/2013Fiat SpA, which owns 58.5% of Chrysler Group LLC, has resumed talks about buying the remaining 41.5% of the company held by a United Auto Workers union healthcare trust, according to Bloomberg News.
Europe’s Truck Sales Continue to Grow
12/20/2013Registrations of new commercial trucks and buses across Europe grew 8% to 125,900 vehicles in November, including a 9% increase to 152,400 units in the European Union, according to industry group ACEA.
Mazda May Revive Rotary Engine for Range-Extender Role
12/19/2013Mazda Motor Corp. has unveiled an electric car prototype fitted with a tiny rotary engine-powered generator to extend driving range.
TI Automotive Close to $2 Billion Sale
12/19/2013TI Automotive is close to agreement to sell itself to Bain Capital Partners LLC for as much as $2 billion, sources tell Bloomberg News.
Honda to Unveil New Fit, Acura Models Next Month
12/19/2013Honda Motor Co. says it will introduce next-generation versions of its Honda Fit minicar and Acura TLX midsize sedan at the Detroit auto show in January.
Honda Captures 20% of IIHS’s Safest-Vehicle Winners
12/19/2013Honda Motor Co. vehicles account for one in five of the American market's safest 2014 model cars, according to the Insurance Institute for Highway Safety.
Daimler to Take 4% Stake in Aston Martin
12/19/2013Daimler AG's Mercedes-AMG unit is expected today to confirm it has reached a deal with Aston Martin Lagonda Ltd. to supply the company with engines in exchange for an initial 4% stake in the British sports car maker, the Financial Times reports.