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UPDATE 1-Contest for Nokia's HERE seen as a three-way race

NECKARSULM, Germany, May 22- The contest for Nokia's maps business has become a three-way race between German carmakers, a consortium including Uber and Baidu, and a third group including China's Tencent and Navinfo, people familiar with the process said. Finland's Nokia has started an auction of its maps business HERE while it completes its 15.6 billion euros...
Source: Reuters | By: Andreas Cremer and Arno Schuetze
Toyota promises to help find cause of Takata airbag defects

TOKYO- Toyota President Akio Toyoda vowed to help get to the bottom of the problems with Takata air bags, the recalls for which have ballooned to nearly 34 million vehicles, stressing that regaining consumer trust is an industry-wide concern. Doubts are growing about whether Japanese supplier Takata Corp. has the financial muscle to deal with all the defects, a...
Source: The Associated Press | By: By YURI KAGEYAMA, AP Business Writer
The latest things to know about the Takata air bag recall

DETROIT- Out of concern for the safety of drivers, the U.S. government may step in to manage a giant recall of air bags made by Takata Corp.. Takata agreed this week to declare millions of air bag inflators defective. That added 17 million cars and trucks to existing recalls by 11 manufacturers- BMW, Fiat Chrysler, Ford, General Motors, Daimler Trucks, Honda, Mitsubishi,...
Source: The Associated Press | By: By TOM KRISHER, AP Auto Writer
UPDATE 2-Carmakers team up with General Atlantic to bid for Nokia map firm - sources

FRANKFURT, May 21- Germany's premium carmakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to increase their firepower to acquire Nokia's mapping unit HERE, according to two people familiar with the matter. Finland's Nokia started a strategic review of its maps business last month, setting in motion an auction process that...
Source: Reuters | By: Edward Taylor and Arno Schuetze
TIMELINE-Takata air bag recalls since 2008

Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...
Source: Reuters
What you need to know about the Takata air bag recall

DETROIT- A recall of air bags made by Japanese auto parts supplier Takata Corp. now has the dubious distinction of being the largest in U.S. history. A: Honda has the most vehicles equipped with Takata air bags. Dozens of models made by BMW, Chrysler, Ford, General Motors, Mazda, Mitsubishi, Nissan, Saab, Subaru and Toyota dating to the 2001 model year are also affected.
Source: The Associated Press | By: By DEE-ANN DURBIN, AP Auto Writer
Models covered by expanded Takata air bag recall

Japanese air bag maker Takata Corp. bowed to pressure from U.S. safety regulators Tuesday and agreed to declare 33.8 million air bags defective. Here are the models from previous recalls affected by the expansion, which vaults the Takata recall crisis into the largest automotive recall in U.S. history:. Models are preliminary and scope of recall subject to...
Source: The Associated Press | By: By The Associated Press
RPT-TIMELINE-Takata air bag recalls

Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...
Source: Reuters | By: Japanese firm Takata Corp.
Not Your Ma's Bell: AT&T evolves beyond phones

NEW YORK- The company whose name has long been synonymous with telephones is looking for new ways to reach out and touch someone. AT&T Inc. is spending $48.5 billion to buy satellite TV provider DirecTV as it looks for new ways to package access- wireless and wired- with traditional and online video. "We don't view ourselves as a phone company anymore," said Ralph de la...
Source: The Associated Press | By: By ANICK JESDANUN, AP Technology Writer
Why an Apple car might disappoint Carl Icahn

Despite the bullishness from Carl Icahn, Major auto companies could stand in the way of the success of a driverless Apple car, the IHS CEO said.
Source: CNBC.com | By: Arjun Kharpal