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Takata executives ordered technicians to erase air bag test results: report

Takata executives ordered technicians to erase air bag test results: report

Takata Corp, the Japanese auto parts maker at the center of a global vehicle recall, ordered its technicians to destroy results of tests on some of its air bags after finding cracks in air bag inflators, the New York Times said on Friday.

By Chang-Ran Kim and Mari Saito; Editing by Edwina Gibbs, Mark Bendeich and Ian Geoghegan

Toyota recalls 5,850 cars, mostly in U.S., for possible steering issue

Toyota recalls 5,850 cars, mostly in U.S., for possible steering issue

Toyota Motor Corp (7203.T) said on Tuesday it is recalling about 5,850 cars, most of them in the United States, for possible loss of steering control.

By Ben Klayman; Editing by James Dalgleish

Hyundai, Kia in record settlement with U.S. for overstating mileage

Hyundai, Kia in record settlement with U.S. for overstating mileage

Korean carmakers Hyundai Motor Co (005380.KS) and affiliate Kia Motors Corp (000270.KS) will pay $350 million in penalties to the U.S. government for overstating fuel economy ratings in what officials said on Monday was the biggest settlement of its kind.

By Aruna Viswanatha, Julia Edwards in Washington, Ben Klayman in Detroit, Hyunjoo Jin and Joonhee Yu in Seoul; Editing by Ros Krasny, Susan Heavey, Peter Galloway, Cynthia Osterman and Ryan Woo

U.S. appeals court rules for GM over Spyker's Saab sale

U.S. appeals court rules for GM over Spyker's Saab sale

General Motors Co (GM.N) persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV (SPYKF.PK) accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company.

By JONATHAN STEMPEL

In emerging Indonesia, Honda's Mobilio muscles in on Toyota's turf

In emerging Indonesia, Honda's Mobilio muscles in on Toyota's turf

Honda Motor's (7267.T) Mobilio, a spacious yet affordable multi-purpose vehicle (MPV), has nearly doubled its market share this year, triggering a price war with Toyota Motor (7203.T) in Indonesia, the latest battleground for global carmakers.

By DENNYS KAPA AND ARADHANA ARAVINDAN

Wall Street jumps 1 percent in broad rally on results

Wall Street jumps 1 percent in broad rally on results

U.S. stocks surged on Thursday, with major indexes up more than 1 percent in a broad rally as strong results, including from two Dow components, reassured investors that corporations continue to fare well despite concerns about global economic growth.

By RYAN VLASTELICA

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