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Fiat Close to Securing Chrysler Buyout Financing
4/23/2013Fiat SpA's banks could finalize a financing agreement next month that would enable the company to acquire the 41.5% of Chrysler Group LLC that it doesn't already own, according to Reuters.
Ignition Interlock “Safe” Curbs Cell Phone Use by Drivers
4/23/2013A new ignition interlock system prevents drivers from texting at the wheel by requiring them to "dock" their phones before starting the engine.
Daimler May Build Transmission Plant in Romania
4/23/2013Daimler AG intends to erect a factory in Cugir, Romania, to make parts for its Mercedes-Benz Cars unit, Handelsblatt reports.
Brazil Auto Trade Group Seeks to Boost Exports
4/23/2013Brazil's carmaker organization AFAVEA is pushing for changes in government tax policies that it says would enable the country to more than double vehicle exports to 1 million units by 2017.
Toyota’s Sales Recovery in China Six Months Away
4/23/2013Toyota Motor Corp., whose deliveries in China have suffered since last September from the country's anti-Japan sentiment, says it doesn't expect its volume there to fully recover before autumn.
U.S. Recoups $21 Million from Fisker
4/23/2013The U.S. Dept. of Energy says it has recovered $21 million in cash from ailing Fisker Automotive Inc. as a partial repayment of the $192 million it loaned the maker of hybrid cars between 2009 and June 2011.
Honda Doubts Chinese Consumers Want “Green” Cars
4/22/2013The Shanghai auto show is awash in new environmentally friendly vehicles.
Schaeffler to Sell €1 Billion in Bonds to Cut Debt Costs
4/22/2013Schaeffler AG plans to raise about €1 billion in a bond sale to pay off some of the remaining debt from its takeover of Continental AG in 2008.
Subaru May Boost Investment for U.S. Plant Expansion
4/22/2013Fuji Heavy Industries Ltd. has decided to spend 30 billion yen ($300 million) instead of the previously budgeted 20 billion yen to expand capacity at its Subaru assembly plant in Lafayette, Ind., according to The Nikkei.
Subaru May Spend $300 Million on Indiana Plant Expansion
4/22/2013Fuji Heavy Industries Ltd. has decided to spend 30 billion yen ($300 million) instead of the previously budgeted 20 billion yen to expand capacity at its Subaru assembly plant in Lafayette, Ind., according to The Nikkei.