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China Approves Renault Venture with Dongfeng
12/5/2013China has approved a 50:50 joint venture between Renault SA and Dongfeng Motor Group Co., Reuters reports.
Eurozone Recovery Slows
12/5/2013The eurozone's economic rebound lost momentum in November, according to Markit Economics.
Daimler Combines Commercial Truck Businesses in Asia
12/5/2013Daimler AG will invest €300 million ($408 million) between 2014 and 2015 to add capacity and extend its sales network for commercial trucks in Asia and Africa.
Transmission Pairs Electric Motor for Smoother Shifts
12/5/2013Italy's Oerlikon Graziano SpA has unveiled a new automatic transmission concept for high-performance cars that uses an electric motor to provide powertrain torque during upshifts.
GM Poised to Sell Stake in Ally Financial
12/4/2013General Motors Co. intends to sell its remaining 8.5% stake in Ally Financial Inc., the carmaker's former GMAC financing unit, The Wall Street Journal says.
CAAM Fights Plan to Ease Foreign Ownership Rules in China
12/4/2013A plan to ease restrictions on foreign investments in China could destroy the country's domestic auto industry, warns the China Assn. of Automobile Manufacturers.
VDA Predicts 2% Growth for Car Sales in Germany Next Year
12/4/2013Trade group VDA forecasts that car sales in Germany will rise from 2.93 million units this year to about 3 million in 2014.
Daimler Tests Online Car Sales
12/4/2013Daimler AG has launched a Web site that enables shoppers in Germany to lease a fixed-price Mercedes-Benz car online, The Wall Street Journal notes.
Ford to Trim First-Quarter Production
12/4/2013Ford Motor Co. says it will eliminate 14,000 vehicles from its 2014 first-quarter production plan in North America to help align dealer inventories with demand.
Lamborghini’s U.S. Chief Leaves
12/4/2013Volkswagen AG's Lamborghini unit says it has "terminated" its relationship with Michael Lock, the chief operating officer of its North American unit since January.