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Hybrids to Capture One-Third of Global Auto Market
10/9/2014Global demand for more efficient powertrains will enable hybrid and plug-in hybrid systems to hike their share of the worldwide market by a factor of 11 over the next 15 years, LMC Automotive predicts.
Daimler, Linde to Build 20 Hydrogen Fueling Stations
10/9/2014Daimler AG and Linde AG are investing a combined €10 million to add 20 public-access hydrogen fueling facilities in Germany by the end of 2015.
Carmakers Review Thai Plans as Car Sales Plunge
10/9/2014With car sales in Thailand down at least 30% this year, carmakers are reconsidering expansion plans in the country, the Financial Times says.
Audi Seeks €2 Billion Annual Cost Reduction
10/9/2014Volkswagen AG's Audi unit aims to lower costs in such areas as purchasing and manufacturing to offset an expected upturn in spending on electric cars, self-driving technologies and new factories, sources tell Bloomberg News.
Fed Signals No Rate Increase
10/9/2014The Federal Reserve appears determined not to modify its zero-percent short-term interest rate anytime soon.
Marchionne “Done” in 2018
10/8/2014CEO Sergio Marchionne tells Bloomberg/Businessweek he will "undoubtedly do something else" after completing a five-year plan to integrate and expand the merger of Fiat SpA and Chrysler Group LLC.
IMF Cites Rising Threat of Eurozone Recession
10/8/2014The International Monetary Fund says the chances of the eurozone slipping back into economic recession within the next six months is 38%, roughly twice the likelihood it estimated in April.
U.S. Auto Dealers Defend Against Tesla Threat
10/8/2014The age old arrangement where you drive down to your local franchise car dealer to buy and service your family hauler is being challenged by Tesla Motors Inc.
Study: Voice Controls as Distracting as Buttons
10/8/2014Toyota's Entune The mental load of using voice-activated controls in a car is at least as great as operating buttons controls and touchscreens, according to research commissioned by auto services group AAA.
VW Sales Stall in September
10/8/2014Worldwide sales by Volkswagen AG in September totaled 533,700 units, up only 0.2% year on year, as slumping demand in Russia and the Americas offset gains in western Europe.