Author: Automotive News Feed
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Volkswagen goes local in India to lift sales
VW will increase the amount of locally-made parts in the cars it sells in India to help lift falling sales. Five years after entering India, VW has captured just 2.1 percent of the market because its cars are seen as relatively expensive.
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ZF can hike offer for TRW as high as $13 billion, report says
ZF, which is moving to acquire TRW Automotive, has been told by lenders that financing is available for a higher all-cash bid that could value the U.S. company at as much as $13 billion, Bloomberg reported.
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Fiat, VW deny report that they are in merger talks
Volkswagen, Fiat and Fiat’s controlling shareholder all denied a German magazine report that the companies have discussed a possible merger.
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Senator says GM’s top lawyer should have been fired over recalls
GM should have fired chief lawyer Michael Millikin and an attorney now working closely with GM’s safety boss, said the senator chairing an often-heated Senate hearing today on the automaker’s ignition-switch recalls. Sen. Claire McCaskill, D-Mo.