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U.K. Holds Interest Rates at 0.25%
3/17/2017The Bank of England has agreed to leave its key interest rate unchanged at 0.25%, but it also signaled that an increase may be near.
Toyota Aims to Make Brazil an Export Base
3/17/2017Toyota Motor Co. tells reporters in Brazil it intends to increase local content for vehicles it makes there and begin exporting them to more countries in Latin America.
Arrested VW Exec to Remain Jailed Pending 2018 Trial
3/16/2017A federal judge in Detroit has ruled that Volkswagen AG executive Oliver Schmidt must remain behind bars in the U.S. until he goes on trial next January for his role in VW’s diesel emission cheating scandal.
BMW Promises Fully Automatic Car by 2021
3/16/2017BMW AG says it will introduce a car by 2021 that can drive itself autonomously in virtually any situation that could be managed by a human driver, Reuters reports.
Hyundai Recalls Sonata Sedans to Fix Seatbelt Flaw
3/16/2017Hyundai Motor Co. is calling back 977,800 of its 2011-2015 model Sonata sedans in the U.S. to repair front seatbelts that could come loose from their anchors.
VW Condemns Prosecutors’ Law Office Search in Diesel Scandal
3/16/2017Volkswagen AG says a search this week of the German offices of a law firm VW hired to investigate its diesel cheating scandal is “unacceptable in every way.
Eaton Develops Lightweight Air-Conditioning Line
3/16/2017Eaton Corp. says its new polymer air-conditioning conveyance system provides weight, cost and performance benefits over traditional aluminum and rubber air-conditioning lines.
Magna Debuts Rear-Seat Video Monitor
3/16/2017Magna International Inc. is launching a video monitoring system that allows front-seat occupants to keep tabs on what’s happening in second- and third-row seats.
Car Sales Growth Slows in Europe
3/16/2017Sales of passenger vehicle across Europe expanded only 2% to 1.11 million units last month, trade group ACEA reports.
UPS Invests $90 Million in CNG Program
3/16/2017United Parcel Services of America says it will build six more compressed natural gas fueling stations this year and add 390 new CNG trucks and 50 liquefied natural gas (LNG) vehicles to its fleet.