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GM Names New Global Safety Chief
3/18/2014General Motors Co. has named Jeff Boyer to the newly created position of vice president of global vehicle safety, effective immediately.
Hertz Spins Off Equipment Rental Unit
3/18/2014Car rental giant Hertz Corp. is turning its $1.5 billion equipment rental business into a separate, publicly traded company.
Europe’s Car Sales Climb 8%
3/18/2014New-car registrations in the EU28 grew to 894,700 units in February from 831,400 a year earlier, industry group ACEA reports.
Rosneft to Become Pirelli’s Largest Shareholder
3/18/2014Russia's largest oil producer, OAO Rosneft, will become tiremaker Pirelli & Co.
Porsche Wins Another Court Ruling Over VW Takeover Bid
3/18/2014A regional court in Stuttgart has dismissed a €1.4 billion lawsuit brought by 23 hedge funds claiming that Porsche Automobil Holdings SE lied about its plan in 2008 to acquire Volkswagen AG.
Car, Light-Truck Production Headed for Record High
3/18/2014Global output of passenger vehicles this year will rise nearly 4% to a record 87.4 million units, led by strong growth in China and India, LMC Automotive predicts.
U.S., European Teams Aid Quest for Safety Equivalency
3/18/2014Auto industry groups from Europe and the U.S. hope by year-end to produce a study that will help both regions agree on mutually acceptable auto-safety standard, WardsAuto.com reports.
Asia to Drive Record-High World Passenger Vehicle Output
3/18/2014Global production of cars and light trucks in 2014 will advance almost 4% to a record 87.4 million units, led by strong growth in China and India, LMC Automotive predicts.
Daimler to Debut Predictive Powertrain Controller for Buses
3/18/2014Daimler AG says it can hike the average fuel economy of large buses more than 9% with its predictive powertrain control (PPC) system.
Renault-Nissan Tighten Their Alliance
3/18/2014Renault SA and Nissan Motor Co. will begin to further integrate their engineering, purchasing, production and human resources activities beginning April 1.