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SsangYong Motor Suspends Shipments to Russia
3/19/2015South Korea's SsangYong Motor Co. says it stopped shipping cars to Russia in January and won't resume until the ruble stabilizes, Reuters reports.
Japan’s Carmakers Bend to Government Pressure for Higher Wages
3/19/2015Japan's carmakers have yielded to pressure from Prime Minister Shinzo Abe to hike wages by agreeing to the biggest increases in more than a decade, The New York Times reports.
Nissan Sales Chief in India Quits
3/19/2015Nissan Motor Co.'s vice president of sales and marketing in India has quit to "pursue other options," The Economic Times reports.
Nissan’s GT-R Nismo Is America’s Costliest Car to Insure
3/19/2015The average cost of insuring Nissan Motor Co.'s 600-hp GT-R Nismo coupe is $3,574 more than any other 2015 model available in the American market, according to online insurance provider Insure.com.
VIEWPOINT | MANUFACTURING AND THE DIGITAL TWIN
3/19/2015For years computer-aided design has allowed product developers to create three-dimensional objects that exist only digitally.
U.K. Pledges £100 Million Funding for Advanced Mobility Research
3/19/2015The British government says it will invest 100 million (€138 million) over five years to bolster research on "intelligent mobility." The plan adds matching funds from the U.K.'s auto industry.
VW Mulls Microbus, Pickup Truck for U.S. Market
3/19/2015Volkswagen AG tells reporters in Germany it is "intensively" studying plans to develop and reintroduce a small microbus and perhaps a light-duty pickup truck in the American market.
House Republicans Urge End to Stalled DOE Loan Program
3/18/2015House Republicans are calling for an end to a U.S. Energy Dept. auto industry program set up in 2008 to loan as much as $25 billion for advanced-technology programs, The Detroit News reports.
Magna to Open Exterior Parts Plant in Mexico
3/18/2015Magna International Inc. is constructing a 285,000 sq-ft factory in Queretaro, Mexico, that will begin supplying plastic fascias and rocker panels for carmakers worldwide in the first quarter of 2016.
Sweden Cuts Interest Rate to -0.25%
3/18/2015Sweden's central bank, which reduced its key interest rate to --0.1% in February, has lowered the rate by another 0.15 points to -0.25%.