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VW Eliminates 500 Jobs in Tennessee
4/19/2013Volkswagen AG is cutting 500 contract jobs at its assembly plant in Chattanooga, Tenn., thus shrinking the factory's workforce to 2,700 employees by the end of June.
Toyota Confirms Lexus Production in U.S.
4/19/2013Toyota Motor Corp. will begin making Lexus ES 350 luxury sedans at its assembly plant in Georgetown, Ky., in 2015, as expected.
Toyota Confirms Lexus Production in Kentucky
4/19/2013Toyota Motor Corp. will begin making Lexus ES 350 luxury sedans at its assembly plant in Georgetown, Ky., in 2015, as expected.
Linamar Shows Bolt-On Electric Drive
4/19/2013Canadian auto supplier Linamar Corp. has developed a bolt-on electric rear drive designed to turn a conventional front-drive vehicle into an all-wheel-drive hybrid, Green Car Congress reports.
Airbag Recall Boosts Takata Warranty Costs to $306 Million
4/19/2013Takata Corp. says it will take a 30 billion-yen ($306 million) loss to cover warranty costs related to a global recall of some 3.4 million vehicles with defective airbag inflators.
Subaru to Unveil U.S. Capacity Expansion Next Month
4/19/2013Fuji Heavy Industries Ltd. is finalizing a plan to boost the U.S. capacity of its Subaru unit, FHI CEO Yasuyuki Yoshinaga tells reporters.
Takata to Book $306 Million Loss on Airbag Recalls
4/19/2013Japan's Takata Corp. says it will record an extraordinary loss of 30 billion yen ($306 million) in the current fiscal year for warranty expenses.
PSA Might Close Aulnay Factory This Year
4/19/2013PSA Peugeot Citroen is considering a plan to shutter its assembly plant in Aulnay, France, as early as September because strikes continue to disrupt work there, according to Bloomberg News, which cites unidentified sources.
VW of America Hires Maserati Exec as COO
4/18/2013Volkswagen AG's U.S. unit has hired Mark McNabb, CEO of Maserati North America, as chief operating officer for the VW brand, effective May 1.
Toyota Likely to Build Lexus ES Sedan in Kentucky
4/18/2013Toyota Motor Corp. is expected to announce on Friday that it will begin producing the Lexus ES luxury sedan in Georgetown, Ky., by mid-2015.