Autos

Deaths linked to GM ignition-switch defect rise to 21

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- The number of deaths linked to a faulty ignition switch in General Motors Co vehicles rose by two last week to 21, according to a report Monday from a lawyer overseeing a programme to compensate victims of accidents caused by the recalled part.

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Exclusive - Hyundai directors kept in dark on size of $10 billion land bid: sources 20 Sep 2014

SEOUL - Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion (6.14 billion British pound) bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.

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Insight - Campaign donations highlight winners, losers in Brazil election 19 Sep 2014

BRASILIA/SAO PAULO - Brazil's financial markets have rallied on the prospect of environmentalist Marina Silva unseating President Dilma Rousseff in next month's election, but political donations show plenty of companies may be wary of a new administration.

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GM's Cadillac to introduce high-end sedan in late 2015 19 Sep 2014

DETROIT - As it strives to energise its Cadillac brand that once led the U.S. luxury auto market, General Motors Co said on Friday it will begin production of a new "top-end, high-technology car" by the end of 2015.

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EU's Almunia may open more investigations into corporate tax loopholes 19 Sep 2014

FLORENCE Italy - Europe's antitrust chief is considering opening more investigations over the next few weeks into European tax loopholes exploited by global companies, following on from ongoing inquiries into Apple , Starbucks and Fiat .

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BMW extends CFO contract, drops age limit for board members 19 Sep 2014

FRANKFURT - BMW said it will extend the contract of 59-year-old Chief Financial Officer Friedrich Eichiner by another two years, a radical step for the German auto maker which has until now forced its board members to retire at 60.

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GM recalling natural gas-powered vans due to possible leak 18 Sep 2014

DETROIT - General Motors Co will recall about 3,200 vans powered by natural gas because of the possibility of a gas leak that increases the risk of a fire, the automaker said on Thursday.

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Hyundai Motor's record $10 billion bid for trophy property alarms investors 18 Sep 2014

SEOUL - Hyundai Motor Group will pay a record $10 billion (6.1 billion pounds) for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics Co Ltd and sparking investor concerns that it is wasting cash on a trophy property.

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European car sales rise, helped by Spanish subsidies 17 Sep 2014

FRANKFURT - Car sales in Europe rose in August but analysts and executives pointed to a heavy reliance on government incentives in Spain and a fall in sales in big markets Germany, France and Italy as signs a European recovery may be faltering.

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GM's Opel to cut Russia production as slowdown bites 16 Sep 2014

BERLIN - Opel Group, the European arm of General Motors , is cutting production and shedding around 500 jobs in Russia, hit by the weak Russian rouble and a plunge in local demand due to a slowing economy and Western sanctions.