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Gains Outside Eurozone Bolster Europe’s Industrial Growth
3/17/2014Industrial output within the eurozone slipped 0.2% from December to January on a seasonally adjusted basis, Eurostat reports.
Fiat Recalls 500L Minicars Over Slow-Shift Flaw
3/17/2014Fiat Chrysler Automobiles NV is recalling 18,100 of its Fiat 500L minicars with automatic transmissions that in cold weather may select gears slowly or refuse to shift out of Park.
Dongfeng Vows It Won’t Attempt to Take Control of PSA
3/17/2014CEO Zhu Fushou tells L'Alsace that Dongfeng Motor Group has no plan to seize control of PSA Peugeot Citroen after agreeing earlier this month to buy 14% of the French carmaker for €800 million. "This is not a purchase deal," he tells the newspaper.
PSA Boosts Production of Peugeot 308
3/17/2014PSA Peugeot Citroen says it will hire 600 workers two-thirds of them on a temporary basis to add a third production shift for its just-introduced Peugeot 308 five-door hatch and wagon.
Tesla to Add More than 30 Outlets in Europe
3/14/2014California-based Tesla Motors Inc. says it plans to open more than 30 new outlets in Europe to sell its Model S electric sedan.
Studies Find Backup Cameras More Effective than Sensors
3/14/2014Rear cameras are more effective than parking sensors at helping drivers avoid backing into people or objects, according to two studies by the Insurance Institute for Highway Safety.
Ex-GM CEO Akerson Rejoins Carlyle Group
3/14/2014Dan Akerson, who stepped down as CEO of General Motors Co. in January, has rejoined Carlyle Group LP as vice chairman and special advisor.
Ford Launches $1 Million in Auto Design Scholarship Program
3/14/2014Ford Motor Co. has set up a $1 million plan that will award five $10,000 scholarships in automotive design scholarships per year over the next two decades.
Porsche Reports Record Sales, Revenue, Profits
3/14/2014Porsche AG posted all-time high vehicle deliveries (162,100, up 15%), revenue (€14.3 billion, up 3%) and operating profits €2.6 billion, up 6%) for 2013.
Volkswagen Aims for 10 Million Sales This Year
3/14/2014Volkswagen AG CEO Martin Winterkorn tells reporters the company may surpass 10 million vehicle sales in 2014, four years sooner than it expected.