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Takata Corp., the Japanese air bag maker embroiled in a massive recall, says the acquisition by U.S. mobility safety company Key Safety Systems has been completed, and the president resigned.

The electric car maker is struggling to ramp up production of its newest vehicle.

The investment bank’s reduced 12-month forecast suggests that the company’s stock could fall 36%.

Stocks are rising on Wall Street Tuesday after Chinese President Xi Jinping offered possible concessions in a trade dispute with the U.S. Xi promised to reduce China's tariffs on imported cars and to improve intellectual property protection, steps that could help the U.S. and China reduce recent tensions over trade.

China imposes a 25% tariff on cars shipped from the U.S. to China.

Stocks that moved substantially or traded heavily Tuesday: Ford Motor Co., up 20 cents to $11.45 Automakers rose after Chinese President Xi Jinping said he would reduce tariffs on imported cars.

President Xi Jinping has promised to cut China's auto import tariffs and ease restrictions on foreign ownership in its auto industry amid an escalating tariff spat with Washington.

The union reported that it spent at least $422,000 in 2017 on items pertaining to its “Tesla campaign.”

If a trade dispute between the U.S. and China escalates and both countries raise tariffs, American automakers won't suffer that much.

The statement said board of directors head Hans Dieter Poetsch was in discussions with top managers about how their responsibilities are divided.

The debt heavy auto parts company Federal-Mogul, owned by Carl Icahn's company, is being sold in a deal worth about $5.4 billion.

The German government is considering forcing automakers to upgrade diesel vehicles that fail to meet emissions standards.

President Xi Jinping has set the stage for a possible effort to resolve a worsening conflict with Washington over technology and trade by promising to cut auto import taxes, improve intellectual property protection and boost imports.

Gov. Andrew Cuomo says funding included in the recently passed state budget will allow New York City subway cars to be repaired quicker, improving service for a transit system notorious for frequent breakdowns.

Ford said there has been one reported accident caused by the transmission issue.

The U.S. government's road safety agency says it will audit Zipcar after getting information that the company rented at least one recalled vehicle without making repairs.

Ford is recalling about 350,000 trucks and SUVs in the U.S., Canada and Mexico because they might be in a different gear than the one shown on the shift indicator.

The alleged defects apply to an estimated 40,000 motorhome tires.

The U.S. government's road safety agency says it has received allegations that defective Goodyear motor home tires caused crashes that killed or injured 95 people over a decade.