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Daimler Recalls 1.2 Million Cars to Fix Airbag Flaw
10/16/2017Daimler AG is recalling an estimated 1.2 million Mercedes-Benz cars and crossover vehicles worldwide to fix electrical problems that could cause the driver’s frontal airbag to deploy when it shouldn’t.
Palladium Prices Surge to 18-Year High
10/16/2017The price of palladium, a metal used in automotive catalytic converters, has topped $1,000 per ounce for the first time since 2001.
NXP Touts Scalable Computing Platform for Next-Gen Cars
10/16/2017NXP Semiconductors NV is launching an integrated microcontroller/microprocessor (MCU/MPU) platform that promises to provide as much as a tenfold performance boost and reduce development times for connected, electric and autonomous cars.
RideCell Acquires Auro Robotics
10/16/2017Smartphone app developer Ridecell Inc. has acquired California-based Auro Robotics, which specializes in automated driving systems for low-speed shuttles and similar applications.
Daimler to Make Mercedes, Truck Units Legally Independent
10/16/2017Daimler AG intends to restructure into a holding company with three separate legal units: Mercedes-Benz cars and vans, Daimler trucks and buses, and financial services.
Toyota, Mazda Seek $1 Billion in Aid for U.S. Factory
10/16/2017Toyota Motor Corp. and Mazda Motor Corp. hope to land at least $1 billion in tax breaks and other incentives for the assembly plant they intend to open in the U.S. in 2021, sources tell Bloomberg News.
Mercedes Strengthens Sales Lead Over Audi, BMW
10/16/2017Daimler AG’s Mercedes-Benz brand stretched its sales lead over rivals Audi and BMW in September, according to the three companies.
Kobe Steel Reports 9 More Cases of Data Fraud
10/16/2017Kobe Steel Ltd. says falsified materials performance reports by its metalmaking operations occurred in China, Malaysia and Thailand as well as five facilities in Japan.
Harsh U.S. Demands Threaten NAFTA Talks
10/16/2017Glum negotiators worry that “pretty harsh, pretty horrible” demands by U.S. negotiators could end hopes of updating the 23-year-old North American Free Trade Agreement, Reuters reports.
Tesla Fires Hundreds of Employees It Considers Sub-Par
10/16/2017Tesla Inc. dismissed roughly 400 hourly and salaried employees last week, according to The Mercury News in San Jose, Calif.