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Palladium Prices Climb as Car Sales Grow
1/20/2015Worldwide demand for palladium, a metal used to control vehicle emissions, is likely to drive up prices for the noble metal through next year, Bloomberg News reports.
Daimler, PSA Cut Prices in Switzerland
1/20/2015Daimler AG and PSA Peugeot Citroen have lowered vehicle prices in Switzerland to offset a surge in the Swiss franc against the euro, Bloomberg News reports.
Economic Confidence Rises in Germany
1/20/2015The ZEW Indicator of Economic Sentiment for Germany gained 13.5 points in January to reach an 11-month high of 48.4 points.
Jeep Signals More “Flexible” Designs Ahead
1/20/2015Future Jeep models will reveal a more flexible approach to the brand's exterior styling, says Jeep brand CEO Mike Manley.
Renault Vows “Massive” Investment in China
1/20/2015Renault SA, which sold only 34,000 vehicles in China last year, predicts its volume will soar when its venture with Dongfeng Motor Corp. launches in 2016.
Georgia Offers More than $23 Million for Mercedes HQ Move
1/20/2015Georgia is offering $23 million in grants, tax breaks and other incentives to Mercedes-Benz USA to relocate its American headquarters to Atlanta in 2017, the Atlanta Journal-Constitution reports.
Patents Soar for Auto Propulsion Technology
1/20/2015The number of patents filed worldwide for automotive propulsion technology multiplied sixfold to 12,000 between 2009 and mid-2014, according to Thomson Reuters.
“Parallel Imports” Market Surges in China
1/20/2015Demand for luxury cars imported outside normal channels is growing in China, the Financial Times reports.
China’s Economy Expanded 7.4% in 2014
1/20/2015China's gross domestic product grew by 7.4% last year, down from 7.7% in 2013, according to the National Bureau of Statistics.
Oil Traders Expect Low Prices to Stick
1/20/2015The collapse of the global oil market over the past six months appears likely to keep petroleum prices low unless the dramatic drop triggers an equally sharp rebound, The Wall Street Journal reports.