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  • Volkswagen AG is recalling about 850,000 Audi and VW vehicles in the U.S. from model years 2006 to 2014. The letter said most VW and Audi vehicles have air bag inflators made at Takata's factory in Freiberg, Germany, which have not experienced failures like those made in the U.S. and Mexico. But in the EPA case at least, it's likely to bring millions of dollars in fines...

  • "Clearly we're in the sweet spot with respect to trucks and SUVs and crossover vehicles right now and it's showing in our schedules and will show in our sales going forward," said American Axle Chief Executive David Dauch, in a conference call with industry analysts. By Friday afternoon, American Axle shares were up 22.7 percent at $14.42, after hitting $14.48...

  • DETROIT _ American Axle& Manufacturing Holdings Inc. on Friday reported fourth-quarter net income of $62.9 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. American Axle shares have fallen 38 percent since the beginning of the year.

  • Feb 12- Some 38 percent of U.S. multinationals, universities and non-profits surveyed by an arm of the State Department are allowing female employees to defer travel or leave countries where the Zika virus has been reported. The State Department's Overseas Security Advisory Council, which has a membership of more than 3,500 U.S. companies and institutions...

  • TORONTO, Feb 11- Fiat Chrysler Automobiles said on Thursday that it has invested C $3.7 billion since September 2014 and created 1,200 jobs in Canada to develop and produce its next-generation minivan. The Pacifica program brings Fiat Chrysler employment in Canada to just over 11,000, he said. Autoworkers and Canadian divisions of Detroit's automakers met...

  • Excluding items, BorgWarner's earnings per share in the quarter of $0.75 beat Wall Street expectations of $0.72, according to Thomson Reuters I/B/E/S. Net income attributable to BorgWarner fell to $125.3 million, or 56 cents a share, in the quarter ended Dec. 31, from $139.9 million, or 61 cents a share, a year earlier. The company bought Remy International Inc, a...

  • Tesla's 4Q net loss doubles but shares up on outlook Wednesday, 10 Feb 2016 | 6:10 PM ET

    DETROIT— Tesla Motors posted its 11th straight quarterly loss Wednesday, and its results badly missed Wall Street's forecasts. Tesla said it will unveil the much-anticipated $35,000 car on March 31 and expects to start production at the end of 2017.. CEO Elon Musk said he's not worried about competition from the all-electric Chevrolet Bolt, which will have a...

  • Tesla's 4Q net loss doubles Wednesday, 10 Feb 2016 | 4:57 PM ET

    DETROIT— Electric car maker Tesla Motors says its net loss more than doubled to $320 million in the fourth quarter, hurt by lower-than-planned production of its new Model X SUV. The loss, equal to $2.44 per share, compared to a loss of 86 cents per share in the same quarter a year ago. For the full year, Tesla lost $889 million, wider than a $294 million loss in 2014. Palo...

  • UPDATE 1-Tesla says expects to become profitable in 2016 Wednesday, 10 Feb 2016 | 4:51 PM ET

    The electric car maker has long enjoyed the status of Silicon Valley darling for its brash innovation in electric cars. Elon Musk- led Tesla said its long-promised moderately priced car, the Model 3, would be unveiled on March 31. Tesla's net loss, however, nearly tripled to $320.4 million, or $2.44 per share, in the fourth quarter ended Dec. 31 from $107.6 million, or...

  • Akamai and Sealed Air Rise, Time Warner and Disney fall Wednesday, 10 Feb 2016 | 4:42 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq stock market:. Time Warner Inc., down $3.14 to $60.07. Walt Disney Co., down $3.47 to $88.85.

  • Feb 10- Michigan Governor Rick Snyder asked state lawmakers on Wednesday to provide more than $300 million in his current and fiscal 2017 budget proposals to deal with the lead-tainted water crisis in Flint and to keep the Detroit Public Schools from running out of cash as early as April. Flint protesters could be heard chanting during the budget presentation...

  • Feb 10- Michigan Governor Rick Snyder asked state lawmakers on Wednesday to provide more than $300 million in his current and fiscal 2017 budget proposals to deal with the lead-tainted water crisis in Flint, and to keep the Detroit Public Schools from running out of cash as early as April. During his budget presentation before the House and Senate...

  • *Daimler takes charge of 340 million euros. FRANKFURT/ WASHINGTON, Feb 10- The three largest German automakers said they will recall 2.5 million vehicles in the United States equipped with Takata Corp air bags, the latest moves in a long-running safety crisis involving the Japanese automotive supplier. The vehicles to be recalled have Takata-made air bag...

  • DETROIT— Subaru is recalling 82,661 Tribeca SUVs because their hoods can open unexpectedly while driving. Subaru says rust or grease buildup can cause the springs in the hood to seize up and stop working. First, Subaru dealers will inspect, clean and lubricate the hood system.

  • VW, Audi, BMW recall nearly 1.7M vehicles in air bag mess Wednesday, 10 Feb 2016 | 10:48 AM ET

    DETROIT— Volkswagen, Audi and BMW are recalling nearly 1.7 million vehicles with Takata air bag inflators that can rupture and hurl shrapnel into drivers and passengers. So far, VW, Audi, BMW, Daimler, Honda, Ford and Mazda have announced recalls in the latest round. On Wednesday, VW and Audi said they would recall a total of 850,000 vehicles in the U.S. from model years...

  • DETROIT— Computers that control cars of the future can be considered drivers just like humans, the federal government's highway safety agency has decided. The redefinition of "driver" by the National Highway Traffic Safety Administration is an important break for Google, which is developing self-driving cars that get around without steering wheels, pedals—...

  • DTE Energy beats 4Q profit forecasts Wednesday, 10 Feb 2016 | 7:07 AM ET

    DETROIT _ DTE Energy Co. on Wednesday reported fourth-quarter net income of $80 million. DTE Energy expects full-year earnings in the range of $4.80 to $5.05 per share. DTE Energy shares have risen slightly more than 8 percent since the beginning of the year, while the Standard& Poor's 500 index has decreased slightly more than 9 percent.

  • WASHINGTON/ DETROIT, Feb 9- U.S. vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward ultimately winning approval for autonomous vehicles on the roads. The National Highway Traffic Safety Administration told Google, a unit of Alphabet...

  • DETROIT— Daimler AG is recalling 840,000 vehicles in the U.S. because they have potentially defective driver's side air bags made by Takata Corp.. The recall affects Mercedes-Benz cars and SUVs from the 2005-2014 model years, including C-Class, E-Class, SLK and SLS sedans and M-Class, GL-Class and R-Class SUVS. Daimler has booked a $384 million charge to pay for...

  • WASHINGTON/ DETROIT, Feb 9- U.S. vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward ultimately winning approval for autonomous vehicles on the roads.