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Volvo Truck Will Shed 4,400 Jobs This Year
2/6/2014AB Volvo, which previously said it would eliminate 2,000 jobs worldwide, has boosted the total to 4,400 salaried positions, including consultants.
GM’s Fourth-Quarter Earnings Stall
2/6/2014General Motors Co. netted $913 million in October-December last year, up 2% from the same period in 2012, on record results in North America.
Critics Chide GM for Underpaying Barra
2/6/2014General Motors Co. won't finalize its new executive compensation plan until June.
Ford Prepares New Cutbacks in Australia
2/6/2014Ford Motor Co. plans to slash its vehicle production in Australia by one-third in June, eliminating 300 jobs, Bloomberg News reports.
Europe's Minicar Market Has a New Leader
2/6/2014Fiat Chrysler Automobile's Fiat 500 displaced the company's Panda model last year to become Europe's best-selling minicar, notes Automotive News Europe.
Fiat Tells Unions It Can’t Afford Raises
2/6/2014Fiat Chrysler Automobiles has told its unions in Italy that the weak European car market makes it impossible to grant pay hikes in this year's labor talks.
This Concept Car Comes With Its Own Drone
2/5/2014Renault SA used this week's auto show in Delhi, India, to reveal the KWID concept, a chunky crossover vehicle that can deploy its own drone to scout traffic conditions ahead.
Mitsubishi Names New Head of N. American Unit
2/5/2014Ryujiro Kobashi will take over as president and CEO of Mitsubishi Motors Corp.'s North American sales operation on March 1.
58% Growth Expected in Biofuel Use
2/5/2014Global consumption of biofuels by cars and trucks will grow to 51.1 billion gallons per year in 2022 from 32.4 bg/y in 2013, according to Navigant Research.
GM, Isuzu Update Diesel Venture in Ohio
2/5/2014General Motors Co. and Japan's Isuzu Motors Ltd. are spending a combined $60 million to upgrade their DMAX Ltd. diesel engine venture in Moraine, Ohio.