A former German banking executive was given 8½ years in jail after admitting to accepting $44 million in payments from Formula One mogul Bernie Ecclestone, stemming from a 2005 deal to sell a 50% stake in the motor-racing franchise.
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Italian auto maker Fiat is expected to boost its ownership of Chrysler to 61.9% from 58.5% as early as next week by purchasing shares held by a trust that provides health care for retired union workers.
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Tata Motors and the local unit of General Motors will suspend vehicle production at their factories this week to avoid piling up stocks amid tepid demand in Asia's third-largest automotive market.
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A top-level Indian government panel has recommended an overhaul of the nation's diesel subsidy system, which could partially free up the price of the fuel and address a major worry about India's economic future.
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While other consumer-products giants are focused on fast-growing economies overseas, Clorox CEO Don Knauss is betting heavily on the U.S. consumer.
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