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Apple Advised Against Becoming a Carmaker
2/18/2015Apple Inc. has received plenty of unsolicited advice to rethink its apparent interest in marketing its own electric car.
Toyota Agrees to Price Freeze on Steel
2/18/2015Toyota Motor Corp. has unexpectedly shelved its usual demand for lower prices from steel suppliers, The Nikkei reports.
Japan’s Auto Workers Demand Industrywide Raises
2/18/2015Unions representing workers at 11 Japanese carmakers are asking the companies to hike base monthly wages for their members by 6,000 yen ($51) in the fiscal year that begins April 1, according to the Confederation of Japan Automobile Workers' Unions.
Base Price for Mercedes Pullman Limo: €500,000
2/18/2015The starting price for Daimler AG's new Mercedes-Maybach Pullman S-Class car will be €500,000.
PSA Reports First Full-Year Operating Profit since 2011
2/18/2015PSA Peugeot Citroen posted an operating profit of €905 million last year, its first such profit in three years.
Zetsche Gets a 1.4% Raise
2/18/2015Daimler AG CEO Dieter Zetsche earned €8.36 million in compensation last year compared with €8.25 million in 2013, according to the company's annual report.
Inflation Falls to All-Time Low in U.K.
2/18/2015Falling food, fuel and energy prices cut the U.K.'s consumer price index to 0.3% in January.
Sierra Club, Koch Brothers Join Tesla in Dealer Fight
2/18/2015Tesla Motors Inc.'s efforts to gain the right to sell its electric cars directly to consumers has been joined by groups ranging from the environmentalist Sierra Club to the conservative Americans for Prosperity political action group funded by the Koch brothers.
Buffett, Soros Boosted GM Stakes
2/18/2015Billionaire investors Warren Buffett and George Soros beefed up their stakes in General Motors Co. in the fourth quarter of 2014, The Wall Street Journal reports, citing regulatory filings.
VW Recognizes Anti-Union Group at Chattanooga Plant
2/18/2015Volkswagen AG has granted a second group the anti-union American Council of Employees access to hourly and salaried employees at its factory in Chattanooga, Tenn., Reuters reports.