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Chrysler Quarterly Profit Quadruples
1/29/2014Chrysler Group LLC's net income for the fourth quarter of 2013 zoomed to $1.6 billion from $378 million a year earlier, aided by a $962 million non-cash tax benefit.
Suzuki Unveils New Subsidiary, Car Plant in India
1/29/2014Suzuki Motor Corp. intends to invest about $485 million through a new subsidiary to build a passenger car plant in Gujarat, India.
Truck Sales in Europe Climb 34%
1/29/2014Demand for commercial trucks and buses across Europe surged to 176,300 units last month from 131,600 units in December 2012, according to industry group ACEA.
Nissan Unveils Tiny 400-hp Engine
1/29/2014Nissan Motor Co. says its dart-shaped ZEOD RC race car entry in this year's 24 Hours of Le Mans race will be powered primarily by a piston engine that weighs only 88 lbs but produces an astonishing 400 hp and 280 lb-ft of torque.
Hollow-Tube Catalyst Substrate Promises 3% Fuel Savings
1/29/2014British researchers have developed a ceramic hollow-fiber substrate for catalytic converters they say is 50% smaller, uses 80% less precious metal and boosts fuel economy 2%-3% compared with conventional architectures, Green Car Congress reports.
Renschler Quits as Manufacturing Chief at Mercedes
1/28/2014Daimler AG says Andreas Renschler, who has headed manufacturing and procurement for its Mercedes-Benz unit since April, has left for personal reasons.
Study Says Future of Car Selling is Online
1/28/2014By 2020, as many as 70% of new-car sales lead will come through Web sites, smart phone apps and social media, Frost & Sullivan predicts.
New PSA Early Retirement Plan Targets 3,500 Workers
1/28/2014PSA Peugeot Citroen confirms it has launched another round of early retirement offers in hopes of eliminating 3,500 jobs in France by 2016.
Ford Plans 13 Weeks to Retool for Aluminum F-150
1/28/2014Ford Motor Co. is scheduling a combined 13 weeks of downtime at two U.S. truck plants as they prepare to build the company's aluminum-intensive 2015 model F-150 pickup.
ACEA Chief Predicts 2% Sales Growth in Europe
1/28/2014Europe will emerge from six years of declining car sales with a 2% increase in volume this year, says ACEA President Philippe Varin.