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General Motors said it will issue new debt to help shore up its pension plan for U.S. hourly workers.

GM’s Spring Hill, Tenn., plant will produce V-8 engines for the first time after the automaker invests $148 million in the facility, the company said today.

KAR Auction Services, the parent company of ADESA, said it plans to acquire eight auto auctions that are part of the ServNet Auction Group.

Fujikura Automotive America said it moved its North American headquarters to the Detroit suburb of Farmington Hills, Mich.

BMW wielded an unlikely tool to hold onto its crown in the U.S. luxury-car market last year: the loaner, people familiar with the matter told Bloomberg.

Honda has tweaked its hybrid system for large vehicles to deliver better power and fuel economy. The improvements debuted in a hybrid Odyssey minivan and build on the two-motor system currently deployed in the Accord Hybrid.

Takata, the troubled Japanese supplier at the center of a global airbag recall crisis, is considering trimming its global airbag operations, including consolidating production plants in Europe and shedding overseas jobs, Kyodo News reported.

Moody’s has upgraded Ford’s credit rating for the first time since 2012, citing the automaker’s strong financial results and ‚positive momentum.‘

Toyota Motor Sales U.S.A. said it is recalling more than a million RAV4 SUVs to fix a potential issue with the seat belts.

Fiat Chrysler is turning to two former U.S. presidents for a new ad campaign — presidents from TV and movie screens, that is.