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Toyota Predicts Half Its Sales in Japan Will Be Hybrids
3/26/2015Toyota Motor Corp. tells suppliers in Japan it expects to boost domestic sales of hybrid vehicles 11% to 760,000 units in 2016, The Nikkei reports.
JLR Announces £400 Million Investment in U.K. Facilities
3/26/2015Tata Motors Ltd.'s Jaguar Land Rover unit confirms it will spend some £400 million (€542 million) to retool its Jaguar factory near Birmingham, England, and expand its R&D capabilities in Coventry.
Alcoa Gets DOE Loan to Add Aluminum Capacity
3/26/2015Alcoa Inc. has been approved for a $259 million loan from a maligned U.S.
Toyota Targets Massive Savings in Products, Production
3/26/2015Toyota Motor Corp. is deploying a far-reaching strategy to cut product development costs 20% and slash capital investment for new plants by 40%. The company began formulating the system four years ago under its Global Vision initiative.
Mahindra in Bid to Buy Pininfarina
3/25/2015Mahindra & Mahindra Ltd., India's largest SUV maker, is close to a deal to buy Turin-based design and engineering firm Pininfarina SpA, sources tell Bloomberg News.
Porsche to Distribute €8,600 Bonuses to Employees
3/25/2015Porsche AG is celebrating its most successful year ever by giving each of its employees bonuses totaling €8,600.
Business Activity in Eurozone at 46-Month High
3/25/2015Business activity among the eurozone's 19 member nations climbed in March to its highest level since May 2011, according to London-based Markit Economics Ltd.
Tata to Raise $1.2 Billion for Product Development
3/25/2015Tata Motors Ltd. plans to raise 75 billion rupees ($1.2 billion) in a rights offer to help fund new products for its Indian operations and Jaguar Land Rover luxury car unit.
XALT Signs $1 Billion Battery Deal with Chinese Busmaker
3/25/2015Batterymaker XALT Energy LLC has signed a multi-year agreement worth more than $1 billion to supply Hong Kong-based electric-bus maker Hybrid Kinetic Group Ltd. with lithium titanate batteries.
U.S. Orders for Durable Goods Decline Again
3/25/2015New orders for manufactured durable goods in the U.S. dropped 1.4% to $231 billion from January to February, according to the U.S. Dept. of Commerce.