Former Corning executive charged with price-fixing, bid-riggingAuto News

A former Corning executive was charged with conspiring to fix prices and rig bids by a federal grand jury as part of the Justice Department's ongoing probe of auto suppliers for antitrust practices.

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Subaru recalls 48,500 Legacy, Outback models for steering glitchAuto News

Subaru of America is recalling 48,500 new Legacy and Outback models because of a potential steering issue and warned owners not to drive them until they are inspected and repaired if needed.

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Subaru recalls 48,500 U.S. vehicles for steering issueAuto News

Subaru of America said on Thursday it is recalling 48,500 new U.S. vehicles because of a serious potential steering issue and warned owners not to drive them until they are inspected and repaired if needed.

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Can Nissan Save Mitsu in U.S.? (5/12/16)

Can Nissan deal save Mitsubishi in U.S.?; What’s ‘Next’ for BMW; Audi expects...
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GM reviewing dealer sales metric in wake of legal setbackAuto News

General Motors is reviewing the way it measures dealer sales effectiveness following last week's court ruling in New York that deemed the company's current system unfair, a top executive said.

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Bill Ford defends CEO Fields as shareholders gripe about stock priceAuto News

Ford Motor Co. Executive Chairman Bill Ford defended the company's CEO, Mark Fields, when shareholders complained Thursday about the company's sinking stock price. One investor made a request to bring back former CEO Alan Mulally as an advisor.

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Tesla needs billions to meet Musk's assembly timelineAuto News

Tesla Motors may raise billions of dollars by selling stock to accelerate production plans, betting the benefits will be enough to outweigh the dilution of the share price.

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Ala. court overturns award against dealership accused of negligent repairAuto News

Alabama's top court has torpedoed a $132,500 jury award against a Huntsville dealership accused of negligent repair of a 2009 Silverado 1500 that eventually caught fire and failure to warn the owners of the fire hazard.

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GM's Andrew Smith: Autonomous cars already influencing interior designAuto News

GM's design staff is already thinking about how the interior of cars and light trucks will change when autonomous driving technology takes hold, the executive director of global Cadillac design says.

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Ford shareholders keep Ford family voting power unchangedAuto News

Ford shareholders today rejected by 63.1 percent a proposal to alter the voting power of the founding family of the company. The measure, which is a perennial at Ford annual meetings, received about as much support as it got last year.

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U.S. growth boosts profit at Subaru parent; company to change name to Subaru Corp. Auto News

The maker of Subaru vehicles, Fuji Heavy, said fourth-quarter net income rose 38 percent. The company also reported a third-straight year of record financial results. Fuji Heavy also said it will change its name to Subaru Corp.

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Nissan quarterly operating profit surges 20% on N.A. gainsAuto News

North America powered Nissan to a 20 percent surge in global operating profit in the latest quarter thanks to hot-selling crossovers.

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Subprime lender GO Financial to stop originating auto loansAuto News

Subprime lender GO Financial will no longer originate auto loans effective today, company President Colin Bachinsky told Automotive News.

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Nissan will take 34% controlling stake in Mitsubishi MotorsAuto News

Nissan will invest $2.2 billion to take a controlling 34 percent stake in Mitsubishi Motors. The companies plan to sign an agreement by May 25 in which Nissan can name four directors to Mitsubishi Motors' board.

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Nissan says it will take 34% controlling stake in Mitsubishi MotorsAuto News

Nissan said it will invest $2.2 billion to take a controlling 34 percent stake in Mitsubishi Motors. The companies plan to sign an agreement by May 25 in which Nissan can name four directors to Mitsubishi Motors' board.

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Nissan poised to take key stake in Mitsubishi Motors Auto News

Nissan and Mitsubishi Motors confirmed they are in talks about a possible capital tie-up and that their boards are planning to meet separately to discuss the matter.

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