Takata pleads guilty to U.S. fraud charge linked to faulty airbagsUPDATED: 2/27/17 6:39 pm ET -- adds details
Takata pleaded guilty to a felony charge as part of an expected $1 billion deal with the Justice Department that includes compensation funds for automakers and victims of its faulty airbag inflators. The plea removes a major obstacle to the potential sale or restructuring of the embattled Japanese supplier, which is expected to intensify a search for a buyer or financial backer.
Geely to unveil first Lynk model at Shanghai auto show
Geely will showcase its first model for Lynk & CO -- the 01 compact crossover -- at the Shanghai auto show in April. It will go on sale in China in the fourth quarter of 2017, followed by Europe and the U.S. in the first quarter of 2019. Originally, Lynk was to debut in Europe and the U.S. in 2018.
Daimler picks U.S. trucks chief Daum to replace BernhardUPDATED: 2/27/17 1:36 pm ET - new story
Mexico warns U.S. it'll cut off NAFTA talks if tariffs proposed
Mexico's top trade negotiator doubled down on threats to break off talks to rework NAFTA, saying his country will walk away if the U.S. insists on slapping duties or quotas on any products from south of the border.