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Audi Designer Jumps To Daimler
11/20/2013The head of Audi AG's Munich design studio is joining Daimler AG's Mercedes-Benz unit as head of exterior design on Jan. 1, Automotive News reports.
Honda Reveals Next-Generation Turbo Engines
11/20/2013Honda Motor Co. says it has developed an all-new family of turbocharged engines for use in everything from the company's Fit subcompact to the Accord midsize sedan.
OECD Lowers Global Growth Forecast
11/19/2013The Organization for Economic Cooperation and Development has lowered its growth estimate for this year's global gross domestic product to 2.7% from the 3.1% it forecast six months ago.
Economic Sentiment For Germany at 4-Year High
11/19/2013Optimism about the Germany economy rose again this month to its highest level since October 2009, according to the Center for European Research (ZEW). The center's confidence index for the eurozone advanced 1.1 points to 60.2 month-to-month.
Ford Expand Steering System Recall
11/19/2013Ford Motor Co. says it is adding another 386,000 vehicles to a U.S. recall in August that covered 419,000 of its large Crown Victoria, Lincoln Town Car and Mercury Marquis sedans produced during the 2005-2011 model years.
Car Sales in Europe Improve Again
11/19/2013New-car sales across Europe grew 5% to 1.04 million units in October compared with the same month in 2012, says industry association ACEA.
Car Sales in Europe Rise for Second Month
11/19/2013Registrations of new passenger vehicles across Europe rose nearly 5% to 1.04 million units in October compared with the same month in 2012, industry association ACEA reports.
Opel, Union Close to Deal on Bochum Severance
11/19/2013General Motors Co.'s Opel unit has agreed with IG Metall union representatives at its assembly plant in Bochum, Germany, on a tentative plan to preserve about 900 jobs for workers from the factory.
Four Brands Honored as Tops in U.S. Residual Value
11/19/2013Honda, Lexus, Mercedes and Toyota have been honored by two estimators of used-car values as brands with the best residual value in the American market.
Lexus Predicts Record Sales This Year
11/19/2013Toyota Motor Corp.'s Lexus unit expects full-year sales of its luxury vehicles to surpass 520,000 units this, thus topping the brand's previous peak of 518,300 units in 2007.