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Ferrari spin-off to cut Fiat Chrysler debt by 715 million euros -filing

MILAN - Fiat Chrysler Automobiles (FCA) expects its net industrial debt to drop by about 715 million euros ($894 million) thanks to a planned Ferrari spin-off, a regulatory filing showed on Wednesday.

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VW unveils multi-billion auto investments through next five years

FRANKFURT - Volkswagen AG is to invest 85.6 billion euros ($106 billion) in its automotive operations over the next five years to push foreign expansion, new models and technology to back its quest for global leadership.

Takata exec warns about ability to fix deadly air bag flaw

WASHINGTON/DETROIT - An executive from Japan's Takata Corp told U.S. senators on Thursday the supplier is urgently trying to ramp up replacement parts for millions of vehicles fitted with potentially deadly air bags, but said it may not be able to move quickly enough.

Exclusive: U.S. increasing non-lethal military aid to Ukraine, U.S. officials say

WASHINGTON - The United States plans to increase non-lethal military assistance to Ukraine, including deliveries of the first Humvee vehicles, having decided for now not to provide weapons, U.S. officials said.

U.S. auto regulator seeks nationwide recall of Takata air bags

WASHINGTON - The U.S. auto safety regulator has told Japanese supplier Takata Corp and five automakers to expand nationwide a regional recall of potentially lethal air bags, increasing pressure on the industry to move faster in a growing scandal.