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EC Cuts Eurozone Economic Forecast through 2016
11/5/2014The European Commission has lowered its forecast for economic expansion in the eurozone this year to 0.8% from its previous estimate of 1.2% growth.
Marchionne Gains €10.7 Million on Ferrari Spinoff
11/5/2014Marchionne Fiat Chrysler Automobiles NV CEO Sergio Marchionne netted nearly €11 million last month by exercising stock options at an opportune moment, Bloomberg News notes.
Researchers Tout Highly Efficient 2-Stroke, 2-Cylinder Engine
11/5/2014Scientists at the Valencia Polytechnic University in Spain say the little 2-cylinder, 2-stroke diesel they have developed is significantly more efficient and half the weight of a conventional 4-cylinder unit.
Mercedes Concept Could Signal New Crossover Model
11/5/2014Daimler AG's Mercedes-Benz unit used the opening of its new product engineering center in Beijing this week to unveil the Vision G-Code, a highly styled compact sport utility coupe concept.
Takata Faces Flood of Class-Action Lawsuits
11/5/2014At least six lawsuits seeking class-action status have been filed in the U.S. over the past two weeks against airbag maker Takata Corp.
Conti May Abandon EV Battery Venture
11/5/2014Continental AG says a lackluster market may prompt it to exit the joint venture it set up last year with South Korea's SK Innovation Co. to make batteries for electric vehicles, Bloomberg News reports.
Krafcik Floats the Idea of a Fiat-Chrysler-VW Merger
11/5/2014John Krafcik, former CEO of Hyundai Motor America, says a merger between Volkswagen AG and the just-formed Fiat Chrysler Automobiles NV would be "absolutely brilliant."
Marchionne Gains €10.7 Million on Ferrari Spinoff
11/5/2014Fiat Chrysler Automobiles NV CEO Sergio Marchionne netted nearly €11 million last month by exercising stock options at an opportune moment, Bloomberg News notes.
Nissan Recalls Infiniti Hybrids
11/4/2014A balky hybrid powertrain and possible cracked transmission housings have prompted Nissan Motor Co. to recall about 15,000 of its 2014 model Infiniti Q50 and Q70 hybrid sedans worldwide.
GM Readies Android Infotainment Platform for 2016
11/4/2014General Motors Co. plans by the end of 2016 to equip unspecified Cadillac and Chevrolet models with a next-generation infotainment system running Google Inc.'s Android operating system, Automotive News reports.