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Flex Ltd. is buying automotive supplier AGM Automotive. AGM, headquartered near Detroit, supplies interior systems including overhead consoles, interior lighting, electronic components and carpet.
ADESA parent company KAR Auction Services reported a 5.8 percent decline in fourth quarter net income on higher service costs and selling and administrative expenses.
Fiat Chrysler CEO Sergio Marchionne says the automaker will offset the high costs of relaunching Alfa Romeo by sharing the brand's Giorgio platform
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