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

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.

By GILLES GUILLAUME AND NICHOLAS VINOCUR

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

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.

By Samuel Shen and Kazunori Takada

What is a recall? Carmakers confuse U.S. drivers in deadly air bag saga

What is a recall? Carmakers confuse U.S. drivers in deadly air bag saga

In recent weeks, hundreds of thousands of U.S. Toyota drivers have received a stern warning by first-class mail: Immediately drive to your dealer to replace a flawed air bag, and in the meantime don't let anyone sit on the passenger side.

By BARBARA LISTON, JULIA EDWARDS AND PATRICK RUCKER

France wants former Peugeot chief Varin as Areva chairman

France wants former Peugeot chief Varin as Areva chairman

The French government wants Philippe Varin, former head of PSA Peugeot Citroen (PEUP.PA), to take over as chairman of the board at state-owned nuclear group Areva (AREVA.PA), a source at the economics ministry said.

By Jean-Baptiste Vey; writing by Geert De Clercq; editing by Jane Baird

Takata refutes report of secret airbag tests: NYT

Takata refutes report of secret airbag tests: NYT

Auto parts maker Takata Corp (7312.T) offered a "substantive rebuttal" to accusations by two former employees that the company carried out tests on airbags in 2004 in Michigan and found signs of defects but did not report the results to federal regulators, the New York Times reported.

By Supriya Kurane in Bangalore; Editing by Gopakumar Warrier

Wall Street set to open flat after three-week run

Wall Street set to open flat after three-week run

U.S. stocks were poised for a flat open on Monday, after the Dow and S&P 500 advanced for a third straight week to fresh record highs.

By CHUCK MIKOLAJCZAK

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