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The equity firm invested R450 million ($30.6 million) to gain 100% ownership stakes in the two companies.
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The recall, tied to contamination on the electric power steering control circuit board, affects 442 pickup trucks in the 2015 and 2016 model years.
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The recall, covering nearly 15,000 vehicles in the 2015 and 2016 model years, will address a problem that can affect braking distance.
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Commercial sales of vehicles from nine manufacturers increased 19.9% to 73,752 units in March compared to a year ago, as trucks outpaced passenger cars by a wide margin, according to Automotive Fleet data.
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Hyundai is adding Apple CarPlay smartphone integration to its 2016 Sonata mid-size sedan, and may offer it on 2015 models, according to a release.
Read More →The number of fleet management systems deployed in Russia and Eastern Europe is expected to reach 7.9 million by 2020, according to a new report from Berg Insight.
Read More →The automaker has begun producing Class-C cars at its new production plant in Iracemápolis, near São Paulo.
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Fresh from setting a record for the fastest recorded alternative fuel conversion to propane autogas in 1:32:25, the F-150 will embark on 5,500 mile 12-city “Alliance AutoGas Coast-to-Coast Clean Air Ride."
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The recall, covering 888 2016 GLC 300 and GLC 300 4Matic SUVs, will let dealers fix a potential wiring harness problem that can lead to stalling or unexpected air bag deployment.
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The recall covers 91,000 2012-2014 model-year Passat vehicles with TDI engines.
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