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U.S. Carmakers Agree on a Standard for Truck Towing Capacity
2/10/2014Detroit's Big Three carmakers have finally agreed on a single standard to use in touting the maximum towing capacity of their light-duty pickup trucks and SUVs, Automotive News reports.
GM Sets CEO Barra’s Compensation at $14.4 Million
2/10/2014General Motors Co. says new CEO Mary Barra will receive a total of $14.4 million in compensation, including $10 million in deferred stock, this year.
Nissan’s Profit Up 57%
2/10/2014Nissan Motor Corp.'s net profit in October-December 2013 surged to 84.3 billion yen ($825 million) from 53.8 billion yen in the same period of 2013.
Kia Replaces U.S. Sales Chief
2/10/2014Kia Motors America has named Michael Sprague, formerly executive vice president of marketing and communications, to the newly created job of executive vice president of sales and marketing.
Toyota to Close Australian Plant
2/10/2014Toyota Motor Corp. says it will stop making cars in Australia in 2017, following similar announcements by Ford and General Motors to do so in 2016 and 2017, respectively.
Toyota to Export Revamped Highlander Crossover
2/10/2014Toyota Motor Corp. has begun exporting about 29,000 of the revamped 2014 model Highlander crossovers built at its assembly plant in Princeton, Ind.
Cars Sales to Young Buyers Fall in Germany
2/10/2014Only 27% of new cars sold in Germany were bought by consumers under the age of 45, according to the University of Duisburg-Essen's Center for Automotive Research.
Toyota Could Pay $1 Billion-Plus to Settle Federal Probe
2/10/2014Toyota Motor Corp. is close to a $1 billion-plus deal to end a U.S. investigation that it may have made false or incomplete disclosures to federal regulators about defects in its cars related to unintended acceleration claims, according to The Wall Street Journal.
China Extends EV Subsidies
2/10/2014China is stretching out a planned reduction in subsidies for electric vehicles to help control severe air pollution problems in several of its largest cities, Bloomberg News reports.
PSA, French Government in Final Talks with Dongfeng
2/10/2014PSA Peugeot Citroen and representatives of the French government are in China this week in hopes of finalizing a €3 billion share issue, Reuters reports.