Headlines for Tuesday, April 29, 2014

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NBA ban on Clippers owner clears path for sponsors Kia, M-B, CarMax to return

6:00 pm U.S. ET | April 29, 2014
With Los Angeles Clippers owner Donald Sterling banned for life from the NBA for making racially insensitive comments, the door appears open for corporate sponsors such as Kia Motors America and CarMax to one day return to the team.

Volvo, Google begin testing self-driving cars on city streets

8:11 am U.S. ET | April 29, 2014
Volvo and Google said they have begun testing self-driving cars on city streets, a crucial new phase in the quest to make the technology a standard feature in automobiles.

Tesla plans at least 2 battery sites in U.S., Musk says

3:49 pm U.S. ET | April 29, 2014
Tesla Motors is close to naming sites in at least two U.S. states for a planned battery "gigafactory" and will break ground at each to ensure one is ready to supply lithium ion packs within three years.

VIDEO: AutoNews Now: Winners, losers in Toyota move

12:01 am U.S. ET | April 29, 2014
Bragging rights for Texas, efficiency for Toyota, challenges for two cities; Mercedes safety recall; self-driving and streetwise.

THE GM RECALL

GM was reluctant to recall 1.2 million vehicles for airbag issue

2:49 pm U.S. ET | April 29, 2014
Even after revealing that it waited years to recall cars in which faulty ignition switches caused airbags to fail, a General Motors document suggests the automaker last month remained reluctant to issue a recall for a long-known problem with airbags on more than 1 million other vehicles.

VIDEO: First Shift: The push to drop ignition keys

12:01 am U.S. ET | April 29, 2014
GM recall could spell the end of 65-year-old technology; profit for VW; UAW seeks mediation; Kia, CarMax flee NBA team.

Mercedes recalls 284,000 C-class sedans in U.S., Canada for taillight issue

April 29, 2014 14:23 CET
Mercedes is recalling about 284,000 C-class sedans in the United States and Canada because an electrical issue could cause the taillights to dim or fail.

VW Q1 profit jumps 22%, boosted by Audi, Porsche

April 29, 2014 11:05 CET
VW Group's first-quarter operating profit rose 22 percent, as earnings from Porsche and Audi helped offset falling profitability at the automaker's core VW brand.

RICHARD TRUETT

Ode to Olds: Remembering brand a decade later

3:28 pm U.S. ET | April 29, 2014
April 29th is a bittersweet day for Florida Chevrolet dealer George Nahas. A decade ago, Nahas sat in the passenger seat of the last Oldsmobile ever built, a dark red Oldsmobile Alero, as it rolled off the assembly line in Lansing, Mich.

JAMES B. TREECE

Texas politicians: Be careful what you wish for and what you hand out

4:10 pm U.S. ET | April 29, 2014
Texas politicians are exchanging high-fives over Toyota's decision to relocate its United States headquarters to Plano. It's undoubtedly a great boon to the state. But will it really prove so good for the politicians' careers?

JAMIE LaREAU

GM dealers will do a lot of recall repairs, but not all of them

3:38 pm U.S. ET | April 29, 2014
Many GM dealers said they do not expect to repair all, or even close to all, of the millions of recalled GM vehicles. That’s because many car owners never receive a recall notice, or if they do, they throw it away or forget about it, dealers said.

Foxx wants to hike NHTSA penalty cap to $300M

2:16 pm U.S. ET | April 29, 2014
Transportation Secretary Anthony Foxx asked Congress today to hike the maximum civil penalty for a violation of federal auto safety laws more than eightfold to $300 million to push automakers to more quickly issue safety recalls.

Magna expands Mexico powertrain operations for Audi AWD

1:32 pm U.S. ET | April 29, 2014
Canadian parts supplier Magna International is expanding its powertrain operations in Ramos Arizpe, Mexico, with a $75 million plant to produce all-wheel-drive systems for Audi.

Mercedes plans 'on-road' SUV line

12:01 am U.S. ET | April 29, 2014
Mercedes is considering separate model lines for its SUVs that have mainly car-like characteristics and those that are aimed at customers who want off-road capability.

China’s BYD hailed in California as Toyota exits to Texas

6:41 am U.S. ET | April 29, 2014
BYD, the Chinese automaker partly owned by Warren Buffett’s Berkshire Hathaway, rolled out the first two electric buses from its California factory as it pushes into the U.S. and Canadian markets.

Toyota's move relied on in-house study rather than Perry pitch

7:17 am U.S. ET | April 29, 2014
Texas Governor Rick Perry has crisscrossed the United States to persuade big employers to bring jobs to the second most-populous state.

TRW profit rises 23% in Q1; 2014 revenue forecast raised

7:39 am U.S. ET | April 29, 2014
Auto parts supplier TRW Automotive Holdings reported a 23 percent increase in earnings, driven by a 16 percent rise in sales in China, and the company also raised its full-year revenue forecast.

VW profit jumps 22% in Q1, boosted by Audi, Porsche

5:05 am U.S. ET | April 29, 2014
Volkswagen Group's first-quarter operating profit rose 22 percent, as earnings from the Porsche and Audi brands helped to offset falling profitability at the automaker's core VW brand.

Cummins profit up 20%; revenue forecast raised

9:06 am U.S. ET | April 29, 2014
Cummins Inc posted a 20 percent increase in its first-quarter profit and raised its full-year forecast as strong demand for its engines and vehicle components in North America offset weakness in many other parts of the world.

Mercedes recalls 284,000 C-class sedans in U.S., Canada for taillight issue

8:23 am U.S. ET | April 29, 2014
Mercedes-Benz is recalling about 284,000 of its C-class sedans in the United States and Canada because an electrical issue could cause the taillights to dim or fail, according to the company and documents filed with U.S. safety regulators.

Ford Otosan Q1 net profit rises 15 percent

April 29, 2014 13:35 CET
Net profit at Ford's Turkish unit rose 15 percent year-on-year in the first quarter to 202.5 million lira ($95.3 million).

PSA begins stock sale after Dongfeng, France buy stakes

April 29, 2014 10:45 CET
PSA/Peugeot-Citroen is offering stock to investors at 6.77 euros a share after selling stakes to Dongfeng Motor and the French state at a higher price. The lower price "is further negative news" for the automaker," according to an analyst.

VW to launch 10 green cars in China by 2018

April 29, 2014 11:11 CET
VW Group plans to introduce 10 electric and plug-in hybrid models in China by 2018 to strengthen its presence in the market.

Deaths on Europe's roads halve in a decade, report says

April 29, 2014 12:59 CET
Deaths involving car drivers or passengers on Europe's roads have halved over the last decade, but campaigners say tougher laws could prevent many more people from dying needlessly.

BMW joins Mercedes defying Brazil auto-market decline

April 29, 2014 06:01 CET
Brazil's anemic auto market is getting a boost from affluent motorists buying Mercedes and BMW cars. The premium segment grew 32 percent in the first quarter amid total vehicle sales that fell 5 percent.

Mercedes plans 'on-road' SUV line

April 29, 2014 06:01 CET
Mercedes is considering separate model lines for its SUVs that have mainly car-like characteristics and those that are aimed at customers who want off-road capability.

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