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Aston Martin Investor Restructures Debt Again
6/19/2013Kuwait's Investment Dar, which led the consortium that bought Aston Martin Lagonda Ltd. in 2007, is restructuring its debt for the second time in three years, Bloomberg News reports.
Mercedes Brushes Up Sales Skills in China
6/19/2013Daimler AG's Mercedes-Benz Cars unit has established a unit based at its Stuttgart headquarters that will coordinate marketing, sales and training for the brand's sales group in China.
Honda Ponders Reclaimed Rare Earth Metals for Motor Magnets
6/19/2013Honda Motor Co. is studying a plan to use reclaimed rare earth metals from nickel-metal hydride batteries to make magnets for hybrid vehicle electric motors.
Electronic License Plate Tells Everyone When You’ve Been Bad
6/19/2013A South Carolina startup company is developing an electronic license plate that can be activated wirelessly by authorities to indicate the tag has expired, the vehicle is uninsured or the owner's driver license has been suspended.
Let Your Smartphone Park Your Car
6/18/2013Robert Bosch GmbH is developing a version of its automatic park assist system that can be operated remotely from a smartphone, The Engineer reports.
Chrysler Bows to NHTSA, Will Recall 2.7 Million Jeeps
6/18/2013Chrysler Group LLC says it will recall 2.7 million Jeep SUVs to beef up the structure around their fuel tanks, as the National Highway Traffic Safety Administration has demanded.
Toyota’s $1.1 Billion U.S. Settlement Delayed
6/18/2013A federal judge in Santa Ana, Calif., has given Toyota Motor Corp. and plaintiffs' attorneys more time to provide information that might convince him to finalize a $1.1 billion settlement of economic claims related to Toyota's 2009-2010 safety recalls.
Car Sales in Europe Drop 6% to 20-Year Low
6/18/2013Registrations of passenger vehicles across Europe fell to 1.08 million units in May from 1.15 million units a year earlier, according to Brussels-based industry group ACEA.
Europe's Car Sales Drop 6%
6/18/2013Registrations of passenger vehicles across Europe fell to 1.08 million units in May from 1.15 million units a year earlier, according to Brussels-based industry group ACEA.
JCI May Have Hit Snag in Electronics Unit Sale
6/18/2013Johnson Controls Inc. has broadened its search for a buyer for its automotive electronics business because of weak bidding interest, according to news reports.