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Europe Warns U.S. Default Could Trigger Global Recession
10/14/2013Christine Lagarde, managing director of the International Monetary Fund, says a U.S. failure to raise its debt limit by Thursday to avoid defaulting on its loans would trigger a "massive disruption" and the risk of another global recession.
Report: PSA to Sell Stakes to Dongfeng, French Gov't
10/14/2013PSA Peugeot Citroen aims to finalize a plan this year to raise €3 billion by selling equal 20%-30% stakes in itself to the Chinese partner Dongfeng Motor Group Co. and the French government, Reuters says.
GM Ponders More Fuel-Efficient Options for Big SUVs
10/14/2013General Motors Co. is evaluating an array of new diesel engine, hybrid powertrain and 8- and 10-speed transmission options for its large SUVs, Automotive News report.
Nissan to Introduce Infiniti Brand in Japan
10/14/2013Nissan Motor Co. is poised to debut its Infiniti luxury brand in Japan as early as this winter, according to The Nikkei, which cites no sources.
Porsche Targets Growth in Africa
10/14/2013Porsche AG plans to enter 15 new countries by the end of the decade most of them in northern Africa as part of its growth strategy.
Fuel-Cell Concept Takes Toyota Closer to Market
10/11/2013Toyota Motor Corp. has revealed a prototype fuel-cell sedan, bringing the company one step closer to its goal of putting a fuel-cell vehicle on the market in 2015.
Cadillac Extended-Range Hybrid to Debut in January
10/11/2013General Motors Co. will introduce the Cadillac ELR EV coupe in January at a base price of $76,000.
Car Sales in China Rise 21%
10/11/2013Deliveries of new passenger vehicles in China surged to an eight-month high of 1.59 million units in September, according to the China Assn. of Automobile Manufacturers.
BMW to Boost Capacity 27% in India
10/11/2013BMW AG is spending €54 million to raise its assembly capacity in India from 11,000 cars to 14,000 units by year-end.
Toyota Blameless in Sudden Acceleration Lawsuit
10/11/2013A California jury has cleared Toyota Motor Corp. of any liability for the death of a woman killed when her 2006 Toyota Camry crashed after allegedly accelerating spontaneously.