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  • Newswire

    RPT-RUSSIA SUMMIT-Russian car industry facing lacklustre two years -Ford's Russian venture  

    (Repeats story to include link to graphic) * For other news from Reuters Russia Investment Summit, click on http://www.reuters.com/summit/Russia14 * For a graphic, click on http://link.reuters.com/deb92w By Gleb Stolyarov and Maria Kiselyova MOSCOW, Sept 22 (Reuters) - Russia's auto market shows no signs of improving in the next two years having been hit by an economic slowdown and weak rouble, the head of Ford Motor Co's Russian venture told Reuters....More
  • Newswire

    Hitachi Escapes Fine in Chinese Antitrust Probe  

    Chinese antitrust regulators say they will not fine Hitachi Automotive because the Japanese auto-parts supplier halted monopolistic activity and proactively provided relevant evidence....More
  • Newswire

    Mitsubishi Investing $600 Million in Indonesia Expansion  

    Mitsubishi is among Japan's second-tier automakers looking to expand in Southeast Asia to counter declining sales in their home market....More
  • Newswire

    UPDATE 2-Germany's ZF agrees $13.5 bln TRW buy to position for self-drive cars growth  

    * All-cash deal to create group with sales of over $40 bln * ZF CEO says transaction is technology driven * ZF offers $105.60 in cash for each TRW share * Deal is premium of 16 pct above TRW closing price on July 9 * Price represents multiple of 7.6 times TRW's EBITDA in past year (Adds ZF CEO, analyst comments, writes through) By Soyoung Kim, Edward Taylor and Arno Schuetze...More
  • 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
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