Autoliv Q2 net income drops 13.5%

Autoliv said its net income dropped 13.5 percent during the company's second quarter from a decline in North American and Chinese auto production.

Diesel rescue plan reached in Germany, report says

Automakers and politicians in Germany have agreed to clean up diesel vehicles through software updates as part of a rescue plan for avoiding diesel bans in cities, Reuters reported.

UPDATED: July 18 14:25 CET - adds states' recall support
Germany wrestles with diesel's future as large cities plan bans

Germany is wrestling over the future of the diesel, with local courts considering action to compel cities to enact driving bans as pollution limits are breached. Diesels accounted for 46 percent of German new-car sales last year.

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