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China fines GM venture $29 million for monopolistic pricing: state TV

China Fines GM $29 Million for Monopolistic Pricing BEIJING China will fine U.S. automaker General Motors Co's (GM.N) joint venture 201 million yuan ($29 million) for monopolistic pricing, state television reported on Friday, ending speculation after an official forewarned of penalties against a U.S. automaker. Shanghai's pricing regulator said that it would fine GM's venture with China's largest automaker SAIC

By |2018-03-05T01:23:09-05:00Dec 23, 2016|Categories: Asia, Automobile, Government, Industry, International Trade, North America, Regions|

Volkswagen reaches deal with 80,000 U.S. 3.0-liter vehicle owners

WASHINGTON A federal judge said on Thursday that Volkswagen AG (VOWG_p.DE) has reached an agreement in principle to provide "substantial compensation" to the owners of about 80,000 3.0-liter polluting diesel vehicles, a key hurdle to resolve the German automaker's emissions scandal. U.S. District Judge Charles Breyer did not disclose the amount of owner compensation, which is not included in a

By |2018-03-30T12:00:14-04:00Dec 22, 2016|Categories: Automobile, Europe, Industry, International Trade, Politics, Regions|

Ford Truck Recall 2016: Full List Of Models At Risk Of Catching Fire

Ford Motor Co. issued a recall Wednesday for 9,300 vehicles that are at risk of catching fire due to leakage of fuel.  The company said that it is not aware of any fires, accidents or injuries related to the problem. Approximately 8,000 2017 Ford Super Duty vehicles and 1,300 2016 Ford Taurus, 2016-17 Flex, 2017 Explorer and Police Interceptor

By |2018-03-30T11:00:38-04:00Dec 22, 2016|Categories: Automobile, Industry, International Trade, Manufacturing, North America, Regions|
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