Automobiles and Components
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Discussing the economic impact of the Indy 500, and competition with NASCAR, with Hulman & Company CEO Mark Miles.
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NASHVILLE, Tenn.-- Automotive supplier Van-Rob will expand its plant in Tennessee's Coffee County, adding 104 jobs. Company and state officials said Wednesday the company is spending $16.8 million to increase manufacturing in Manchester. Van-Rob, Inc. _ based in Aurora, Canada _ is a division of KIRCHHOFF Automotive.
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DETROIT, May 22- Ford Motor Co is adding a week of production at most of its North American factories this year to build an additional 40,000 vehicles and help sustain its gains in U.S. market share. Ford's U.S. rivals, General Motors Co and Chrysler Group LLC, are also limiting downtime this year.
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CNBC's Phil LeBeau reports that former GM chair Bob Lutz is teaming up with a Chinese firm to bid for Fisker Automotive, among other auto news.
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The former Vice Chair of GM, who holds a leadership role with VL Automotive, is teaming up with Wanxiang Group, a Chinese auto parts supplier, in a bid to buy the ailing Fisker.
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The Raechel and Jacqueline Houck Safe Rental Car Act of 2013 would ban companies from renting a recalled vehicle until the safety hazard is fixed.
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The answer, in the luxury carmaker's German showrooms, is more than it takes to shift an Audi- just part of the cost gap Daimler wants to close with its premium rivals. Among the top three, Mercedes depends on its unprofitable company-owned dealerships for a bigger share of domestic sales than either Volkswagen's Audi or BMW, which rely more on franchises.
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HONG KONG, May 22- China shares were headed for a sixth-straight daily gain on Wednesday, with most automakers strong after the official China Securities Journal cited an industrial association as saying that May car sales could stay strong.
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DETROIT, May 21- A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer this month to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter said. VL Automotive and China's Wanxiang Group are looking to gain control of Fisker through a prepackaged bankruptcy.
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Among the stock activity stories for Tuesday, May 21, from AP Business News:. _ Shares of Tesla Motors Inc. fell, a brief decline amid huge gains this month after the electric car maker posted its first quarterly profit.
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DETROIT-- Tesla Motors fell more than 5 percent in early trading Tuesday, a brief decline amid huge gains this month after the electric car maker posted its first quarterly profit. Tesla's stock price had jumped 74 percent between May 8, when first-quarter earnings were announced, and May 14, when it hit a 52- week high of $97.12.
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DETROIT, May 21- A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer to buy cash-strapped "green" car company Fisker Automotive this month, people familiar with the matter said.
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DETROIT, May 21- A boutique carmaker led by a former General Motors Co executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter said.
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WASHINGTON, May 21- Two executives at Japan's Denso Corp have agreed to plead guilty to conspiring to fix prices of electronic auto parts sold to Toyota and will cooperate with an ongoing criminal investigation, the U.S. Justice Department said on Tuesday.
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WASHINGTON, May 21- Two executives at auto parts maker Denso Corp have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. Justice Department said on Tuesday.
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CAPE TOWN, May 21- Ten striking South African miners were taken to hospital on Tuesday after being hit by rubber bullets, police said, as labour strife swells in mines and factories ahead of mid-year pay negotiations.
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After 123 days being grounded and then repaired to ensure its battery systems do not catch fire, Boeing 787 Dreamliners are about to once again make commercial flight in the United States.
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Shares of automakers rose Friday, with General Motors Co. stock reaching its highest price in more than two years, as Europe became the latest part of the globe to report rising auto sales.
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Mamta Badkar, Business Insider, explains whether day trading will make a comeback. A wave of "home gamers" are getting into the market with the idea of trying to get rich quick, writes Damien Hoffman of the Wall Street Cheat Sheet.
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NEW YORK-- Tesla Motors shares fell Friday as the electric car maker increased the size of its stock and note sales by nearly 17 percent. THE SPARK: Tesla disclosed in a regulatory filing that it now plans to sell 3.39 million shares in a public offering, and has priced them at $92.24 each, according to the filing with the Securities and Exchange Commission.
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PALO ALTO, Calif.-- Electric car maker Tesla Motors Inc. has increased the size of its stock and note sales by almost 17 percent, citing high demand from investors. The Palo Alto, Calif., company said in a regulatory filing on Friday that is now expects to gross $968 million from the sales, which will take place on May 22.