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U.S. Court Approves Takata Bankruptcy Exit Plan
2/19/2018A bankruptcy court in Delaware has approved a Chapter 11 restructuring plan for the U.S. unit of airbag supplier Takata Corp.
Report: U.S. Finds Suspicious Emission Software in Mercedes Diesels
2/19/2018The U.S. has identified two software programs that appear to enable Daimler AG’s Mercedes-Benz diesels to exceed legal emission levels by a factor of 10.
Mark Fields Joins Board of FleetPride Aftermarket Company
2/16/2018Former Ford Motor Co. CEO Mark Fields has joined the board of FleetPride Inc., an Irving, Tex.-based distributor of aftermarket components for commercial trucks and trailers.
Audi Denies Report that CEO Stadler Will Be Replaced
2/16/2018Audi AG has denied a Bild report that CEO Rupert Stadler will be removed in June because of his handling of Audi’s role in parent Volkswagen AG’s diesel emission cheating scandal.
Ghosn Vows “Irreversible” Renault Links to Nissan, Mitsubishi
2/16/2018Renault CEO Carlos Ghosn promises to make the carmaker’s alliance with Nissan and Mitsubishi “irreversible,” but without merging the companies.
FCA Readies Recall Trucks to Fix Rollaway Problem
2/16/2018Fiat Chrysler Automobiles NV is preparing a global recall of 228,500 of its Ram trucks to fix a flaw that could allow the transmission to slip out of Park unexpectedly.
Most VW Workers Say Company’s Culture Hasn’t Changed
2/16/2018About two-thirds of Volkswagen AG’s hourly workers in Germany believe the company has made no progress in its effort to improve transparency and accountability.
Faurecia to Open Interiors Plant in Kansas City
2/16/2018France’s Faurecia SA is investing $60 million to build an assembly plant for interior components in Blue Springs, Mo.
Renault Posts Record Sales, Profits
2/16/2018Renault SA’s sales last year grew 15% to 58.7 billion ($73 billion), and net income jumped 47% to €5.2 billion ($6.5 billion). Both results were record highs.
Dyson Plans More EVs
2/16/2018Household electronics specialist Dyson Ltd., which in September confirmed plans for a high-end electric vehicle, also is working on at least two mainstream EVs.