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Markets

Takata senior VP to testify before U.S. Senate committee

Representatives of Takata Corp, Chrysler Group Llc, Honda Motor Co Ltd and the National Highway Traffic Safety Administration will testify before the U.S. Senate Commerce Committee on Thursday to answer questions about the dangers posed by air bags supplied by Takata.

Nov 19, 2014 11:24 AM EST

Markets

U.S. auto regulator seeks nationwide recall of Takata air bags

The U.S. auto safety regulator has told Japanese supplier Takata Corp (7312.T) and five automakers to expand nationwide a regional recall of potentially lethal air bags, increasing pressure on the industry to move faster in a growing scandal.

Markets

Volkswagen China growth slows to 10 percent due to capacity limits

Volkswagen AG's (VOWG_p.DE) growth in China is expected to slow to around 10 percent this year from 16 percent in 2013 due to a conservative strategy that has limited its production capacity, the head of its Chinese operations said on Tuesday.

Markets

BMW reviewing whether to replace driver-side Takata air bags

BMW (BMWG.DE) is reviewing whether to expand its recall to check whether possibly fatal air bags were installed on both the driver and passenger side of older generation 3-series models, the carmaker said on Wednesday.

Peugeot plans to cut 3,450 French jobs in 2015: sources

PSA Peugeot Citroen (PEUP.PA) is preparing to cut another 3,450 French jobs next year as the troubled carmaker pursues a recovery plan under new Chief Executive Carlos Tavares, two sources with knowledge of the matter said.

Nov 19, 2014 11:10 AM EST

Home Depot sales beat estimates as U.S. job market improves

Home Depot Inc (HD.N), the world's No.1 home improvement chain, reported better-than-expected quarterly sales as an improving job market encouraged Americans to spend more on renovations.

Nov 18, 2014 11:38 AM EST

Japan PM to seek fresh mandate for 'Abenomics' with snap poll

Japanese Prime Minister Shinzo Abe said on Tuesday that he would call an early election to seek a fresh mandate for his economic policies, and postpone an unpopular sales tax rise, a day after data showed the economy had slipped back into recession.

Nov 18, 2014 11:35 AM EST

Seven big U.S. companies paid CEOs more than Uncle Sam in 2013: study

Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in U.S. federal income taxes, according to a study released on Tuesday that was disputed by at least one of the companies.

Nov 18, 2014 11:31 AM EST

Exclusive: Bank of Tokyo-Mitsubishi to pay $315 million over whitewashed report: sources

Bank of Tokyo-Mitsubishi has agreed to pay $315 million to New York's banking regulator for submitting a whitewashed report about its improper handling of transactions involving countries subject to U.S. sanctions, according to people familiar with the matter.

Nov 18, 2014 11:24 AM EST

S&P 500 hits record again; Actavis rallies

U.S. stocks rose on Tuesday, lifting the S&P 500 to a record high, boosted by healthcare after Actavis' acquisition of Allergan triggered bullish analyst notes.

Nov 18, 2014 11:19 AM EST

Takata, Honda sued over death linked to faulty air bag

Takata Corp and Honda Motor Co were hit Monday with a lawsuit over an air bag linked to the death last month of a woman in Florida, the latest legal issue for the companies as they continue to recall millions of vehicles for the faulty part.

Nov 18, 2014 11:10 AM EST

Toyota aims to replicate Prius success with fuel cell Mirai

Toyota Motor Corp (7203.T) will introduce its first mass-market fuel cell car next month, hoping to replicate the success of its Prius hybrid with a vehicle that runs on hydrogen instead of gasoline.

Nov 18, 2014 11:06 AM EST

As China's luxury car wave ebbs, foreign firms seek domestic foothold

Daimler AG (DAIGn.DE) will give its new luxury baby, the Mercedes-Maybach limousine, a glitzy world debut at this week's Guangzhou autoshow, even as analysts warn the end is nigh for China's 10-year high-end car sales boom.

Nov 18, 2014 11:03 AM EST

Volkswagen says to stop selling SEAT cars in Russia next year

Volkswagen's (VOWG_p.DE) Spanish division, SEAT, will stop selling cars in Russia by early next year because of an economic downturn and a weakening ruble, the German carmaker said on Tuesday.

Nov 18, 2014 11:00 AM EST

Ford recalls 65,000 Fusion models on ignition key issues

Ford Motor Co (F.N) on Tuesday said it is recalling about 65,000 Fusion sedans in North America because the key can be removed from the ignition even if the car is not in the "park" position 30 minutes after the ignition is off, the company said.

Nov 18, 2014 10:57 AM EST

Japan recession weighs on Wall Street but M&A supports

U.S. stocks dipped on Monday, following four consecutive weeks of gains on Wall Street, as energy shares fell alongside crude futures after Japan slipped into recession.

Nov 17, 2014 12:03 PM EST