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  • *European Commission has proposed further reforms. *European Commission demanding answers from Volkswagen. They came close to securing a rare veto in the European parliament of a policy that had the backing of the EU's member state governments and, more grudgingly, the executive European Commission.

  • WASHINGTON/ DETROIT, Feb 4- Continental Automotive Systems said Thursday it supplied potentially defective air bag control units to 5 million vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other manufacturers built over a five-year period worldwide, widening an air bag safety crisis. Continental Automotive, a unit of Germany- based...

  • DETROIT— Haggling over a car price isn't always a bargain. When buyers use TrueCar, they get a bell curve of sales prices reported by dealers, plus three discounted price offers on the car they want from dealers in their area. TrueCar, founded in 2005, makes its money on fees paid by dealers for sales.

  • *ING up on solid results, reassuring message on oil risk. MILAN, Feb 4- European shares fell on Thursday as weak U.S. data fed concerns that the world's biggest economy may be slowing down, with export-oriented auto stocks leading the decline and Credit Suisse tumbling after reporting a full-year loss. "The dollar is weakening because the market is starting to worry...

  • WASHINGTON, Feb 4- Continental Automotive Systems said Thursday it supplied potentially defective airbag control units to 5 million vehicles used in Honda, Fiat Chrysler, Mercedes-Benz and other vehicles built over a five-year period, widening the auto industry's airbag safety crisis. On Thursday, Fiat Chrysler said it is recalling 112,000 U.S. vehicles for...

  • WASHINGTON, Feb 4- Continental Automotive Systems is recalling 5 million potentially defective airbag control units in Honda, Fiat Chrysler and other vehicles built over a five-year period, according to documents made public on Thursday. The unit of Germany- based Continental AG told the U.S. National Highway Traffic Safety Administration that the...

  • WASHINGTON, Feb 4- Continental Automotive Systems is recalling 5 million potentially defective airbag control units in Honda, Fiat Chrysler and other vehicles built over a five-year period, according to documents made public on Thursday. The unit of Germany- based Continental AG told the U.S. National Highway Traffic Safety Administration that the...

  • The documents, posted Thursday on the National Highway Traffic Safety Administration website, said Continental will notify automakers, who will recall cars dating as far back as 2006.. Already Honda, Fiat Chrysler, Volkswagen and Mercedes have issued recalls, and some unidentified Mazda and Volvo Truck vehicles are included. Honda reported two injuries from...

  • AUTO SUPPLIER CONTINENTAL AUTOMOTIVE SYSTEMS IS RECALLING 5 MLN U.S.

  • CARSON CITY, Nev.— Electric carmaker Tesla's northern Nevada battery plant is creating jobs more slowly than first projected, although state officials say it's still making satisfactory progress. Nevada landed the factory after an intense competition between several states. Tesla reported it had invested $374 million in capital in Nevada so far, below the...

  • I'm seeing huge momentum for us: Daimler CEO Thursday, 4 Feb 2016 | 5:26 AM ET

    Dieter Zetsche, CEO of Daimler, says he is optimistic for 2016, although the company expects only a slight increase in earnings this year.

  • STUTTGART, Feb 4- Daimler AG expects slower sales growth for its Mercedes-Benz cars in China this year after a surge in demand in 2015 that helped the automaker post record sales and earnings. The stock was down 4.4 percent at 60.21 euros by 0915 GMT, its lowest in more than a year and underperforming Germany's blue-chip DAX index,, which was up 0.2 percent.

  • DETROIT— Honda is recalling an additional 2.2 million Honda and Acura vehicles because the driver's air bag inflators made by Takata can explode and hurl shrapnel into the passenger compartment. Honda's recall includes older model years dating to 2005, but also has some newer vehicles from as recently as the 2015 and 2016 model years. Honda said in a statement...

  • DETROIT/ WASHINGTON, Feb 3- Honda Motor Co Ltd is expanding its recall in North America of late-model vehicles equipped with potentially defective Takata air bags, adding 2.23 million vehicles, the automaker said Wednesday. Honda said certain Acura and Honda vehicles from model years 2005-2016 are being recalled to replace Takata PSDI-5 driver-side...

  • Take-Two raised its full-year adjusted revenue forecast to $1.48- $1.53 billion from $1.33- $1.43 billion and its adjusted profit forecast to $1.65- $1.75 per share from $1.00- $1.15. This was 49 percent lower than a year earlier- a quarter that included the re-release of "Grand Theft Auto V" for the latest gaming consoles, as well as the launch of "Borderlands: The...

  • LIVONIA, Mich.— Ford Motor Company is conducting tests at one of its Detroit- area facilities after finding vinyl chloride in groundwater outside the plant. Samples with the chemical were found last summer at least 7 feet below ground on the east side of Ford's Livonia Transmission Plant, The Detroit News reported Wednesday. The automaker plans to drill borings...

  • DETROIT/ WASHINGTON, Feb 3- Honda Motor Co is expanding its recall in North America of late-model vehicles equipped with potentially defective Takata air bags, in a move that could affect around 2.3 million vehicles. The Japanese automaker sent dealers in the United States a letter on Jan. 30, informing them of its intent to recall about 2 million Honda and Acura...

  • The company raised its full-year revenue forecast to $1.48- $1.53 billion from $1.33- $1.43 billion and its adjusted profit forecast to $1.65- $1.75 per share from $1.00- $1.15. Take-Two's adjusted income fell to $99.7 million, or 89 cents per share, in the third quarter ended Dec. 31, from $211.6 million, or $1.87 per share, a year earlier. Excluding items, revenue fell...

  • DETROIT/ WASHINGTON, Feb 3- Honda Motor Co is expanding its recall in North America of late-model vehicles equipped with potentially defective Takata air bags, in a move that could affect nearly 2.3 million vehicles. The Japanese automaker sent dealers in the United States a letter on Jan. 30, informing them of its intent to recall up to 2 million Honda and Acura...

  • Toyota pulls the plug on this small car brand Wednesday, 3 Feb 2016 | 2:53 PM ET
    The 2014 Scion tC coupe on display during the New York International Auto Show in March, 2013.

    Toyota said it will wind down its Scion brand in the U.S., ending a 12-year effort to create small cars aimed at young buyers.