- India panel finds GM responsible in emissions testing case -Reuters. “The report has pointed out that it is in the nature of corporate fraud.”
- Hyundai Motor goes conservative with redesigned Sonata, Genesis – Reuters. Hyundai Motor shares hover near record-highs.
- Colombia could cut import taxes to boost local auto assembly – Reuters. “Reducing or eradicating protective tariffs would make it more difficult for local component manufacturers to compete but would lower the cost of automobile assembly overall, helping locally-produced cars regain some market share lost to imports.”
- French minister says Titan may buy “not worth saving” tire factory – Reuters. “Industry Minister Arnaud Montebourg said Titan International’s Maurice Taylor had offered several millions euros to buy the northern French Amiens factory, months after saying he would have to be stupid to take over a plant where he said staff only worked three hours a day.”
- French minister says Peugeot will remain French – Reuters. ‘Asked if that meant there would be no Chinese investment in Peugeot’s capital, Montebourg said: “I didn’t say that. What I’m saying is that the company will stay in France and will remain French.”’
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