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  • Newswire

    UPDATE 2-Federal-Mogul to separate motorparts, powertrain businesses  

    (Adds analyst comment, updates share price) By Mridhula Raghavan Sept 3 (Reuters) - Federal-Mogul Holdings Corp, controlled by billionaire investor Carl Icahn, said it would separate its motorparts and powertrain businesses into two publicly traded companies. The Southfield, Michigan-based supplier said the separation of the motorparts business, which largely caters to the replacement market, will be in the form of a tax-free spinoff to Federal-Mogul's shareholders....More
  • Newswire

    JV With Ford Cuts Russian Automaker Sollers's Profit  

    The Russian automaker says its first-half net profit plunged to $7 million, compared with $45.7 million year-ago, mainly because its 50-50 joint venture with Ford posted a net loss of $91 million....More
  • Newswire

    Fiat Confident Chrysler Merger Will Go Through  

    The Italian automaker says it does not expect its stockholder share-buyout plan to raise enough money to jeopardize completion of the merger....More
  • Newswire

    Volkswagen, Domestics Plan Big India Investment  

    Volkswagen will join Indian automakers Tata, Bajaj and Mahindra & Mahindra in investing a total of $1.9 billion to expand production capacity in Mararashtra state....More
  • Newswire

    More Than 100 Death Claims Filed With GM Ignition-Switch Fund  

    A spokeswoman for Kenneth Feinberg, the attorney overseeing the automaker's compensation program, says claims for 107 fatalities allegedly linked to faulty ignition switches are among the 309 total claims submitted so far....More
  • Newswire

    Former Porsche Execs Face Trial Over VW Takeover Bid  

    A German appeals court rules former Porsche CEO Wendelin Wiedeking and ex-finance chief Holger Haerter can be tried for allegedly concealing a scheme to take over Volkswagen in 2008....More
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