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Ford Unveils Ultra-Light Concept Car
6/3/2014Ford Motor Co. has applied techniques used in its aluminum-intensive F-15 pickup truck to create a version of its Fusion sedan that is 25% lighter than the 2013 production model.
Researchers Tout Low-Power LIDAR with 30-Foot Range
6/3/2014Researchers at the University of California, Berkeley, have developed a new form of LIDAR (light radar) capable of capturing high-resolution 3-D images at distances up to 10 meters 10 times the range of typical low-power LIDAR systems today.
U.S. Car Sales Rate Jumps to 7-Year High
6/3/2014Passenger vehicle sales in the U.S. surged 11% year on year to 1.61 million units in May, led by hefty increases for domestic and Asian brands.
Grede Sold to Private Equity Firm
6/3/2014Diversified iron-castings maker Grede Holdings LLC in Southfield, Mich., has been acquired by New York City-based American Securities LLC.
Factory Activity Slows in Eurozone
6/3/2014The pace of manufacturing activity in the eurozone slowed to its lowest rate in six months, according to Markit Economics Ltd.'s closely watched Eurozone Manufacturing Purchasing Managers' Index.
Autoliv Settles Three U.S. Antitrust Lawsuits
6/3/2014Autoliv Inc. has agreed to pay a combined $65 million (€48 million) to settle three class-action lawsuits in the U.S. that claim the company fixed prices on safety equipment, thus harming carmakers, auto dealers and vehicle purchasers.
Car Sales Flat in France, Up 17% in Spain
6/3/2014Car sales in France were unchanged at 148,600 units in May, according to industry association CCFA.
VW Delays Decision on N. American SUV Production
6/3/2014Volkswagen AG has delayed by at least a month a decision on whether to build its new SUV/crossover in the U.S. or Mexico, unnamed sources tell Reuters.
Report: BMW to Cut Labor Costs in Germany
6/2/2014BMW AG intends to reduce its labor costs in Germany by €100 million per year beginning in 2015, according to the Muenchner Merkur.
Renault Debuts Steel Piston for 1.5-Liter Diesel
6/2/2014Renault SA is introducing a new steel piston for its 1.5-liter passenger car diesel engine that is quieter and 2% more fuel efficient than a traditional aluminum piston.