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- Meritor fined $100k for export violations
Meritor Inc., the commercial-truck, trailer, defense and automotive aftermarket supplier, said today it was fined $100,000 earlier this month by the U.S. Department of Commerce's Bureau of Industry and Security for 14 export violations.
Переслать - 'Old GM' exits bankruptcy carved into 4 trusts
The company known as "Old GM" exited Chapter 11 bankruptcy on Thursday and was carved into four trusts, marking the close of one of the most complex Chapter 11 cases in U.S. history.Переслать - New Chevy Malibu will be sold globally, offer numerous styling changes
Chevrolet plans to sell the next-generation Malibu in nearly 100 countries and build the car in multiple locations, including China.Переслать - Stronach stepping down as Magna chairman
The founder of Magna International is stepping down from his long-time role as chairman of the auto parts giant after ceding control of the company last year, according to a filing with U.S. regulators.Переслать - BMW's i Ventures investment arm opens incubator in New York City
BMW's new venture capital company is setting up shop in New York City and will open what it calls 'an incubator lab' targeting innovations in mobile and location-based services.Переслать - Toyota hikes U.S. prices an average 1.7% on most models
Toyota, coping with a rising yen and an earthquake-shattered supply chain, announced price increases today for many 2011 Toyota, Scion and Lexus models.Переслать - Delphi acquires GM, PBGC stakes for $4.4 billion
Delphi Automotive acquired stakes in the parts maker held by GM and the PBGC for about $4.4 billion. GM sold its Class A interest in Delphi Automotive for $3.8 billion. The automaker acquired the Class A stake in October 2009 for $1.Переслать - Toyota reaches deal over handling of source code in suits
Toyota and lawyers suing the automaker over unintended sudden acceleration have reached an agreement on how to handle evidence related to the source code used on its vehicles, a lawyer said.Переслать - Ally Financial files IPO plans; U.S. Treasury may sell shares
Ally Financial Inc. filed for an initial public offering of the U.S. government's majority stake as part of the auto and home lender's plan to regain its independence.Переслать - Tesla stock surges as analyst says electric cars will gain
Tesla Motors Inc. shares rose the most in more than four months after a Morgan Stanley analyst said the unprofitable electric-car maker will benefit from a shift away from internal-combustion engines. Tesla surged $4.Переслать
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