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Bosch, Mahle to bail out of turbochargers JV

Mahle and Robert Bosch plan to sell their turbocharger partnership, citing a failure to achieve economies of scale despite strong sales growth. Their joint venture, Bosch Mahle Turbo Systems, has two plants in Austria and China and employs 1,400 workers.

Lear CEO says he's not planning run for Mich. governor

The rumors continue to circulate: Will Lear CEO Matt Simoncini run for governor of Michigan? He says there are no such plans.

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