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Profits Grow 6% for Car Dealers in U.S.
7/2/2013The average pretax profit for car dealers in the U.S. climbed to $843,700 last year from $794,500 in 2011, according to the National Automobile Dealers Assn.
GM, Honda Will Partner on Fuel-Cell Powertrain
7/2/2013General Motors Co. and Honda Motor Corp. have agreed to co-develop next-generation fuel-cell powertrain and hydrogen storage technology that would be ready for both companies to use by 2020.
Car Sales in China Slip 2% for Japan’s Big Three
7/2/2013Toyota says demand for its vehicles jumped 9% to 76,900 units in China in May compared with a year earlier.
Honda Recalls Fit to Fix Window Switch Again
7/1/2013Honda Motor Co. is recalling 143,100 of its 2007-2008 Fit minicars to again repair a power window switch in the driver's door that could get wet, short circuit, overheat and perhaps catch fire.
Truck Sales in Europe Fall 7%
7/1/2013Europe's demand for commercial trucks and buses, which rose 4% in April, dropped to 141,700 units in May from 153,100 units a year earlier, according to industry trade group ACEA.
Cadillac Drops Plan for Ultra-Luxury Model
7/1/2013General Motors Co.'s Cadillac unit has abandoned plans to develop a $100,000-plus car loosely based on its two-year-old Ciel concept, Automotive News reports.
Ford to Repair Throttle Cables in Taurus, Sable Cars
7/1/2013Ford Motor Co. is launching a "customer satisfaction" program this month to replace and/or fortify throttle cables that could stick in 467,700 of its 2000-2003 model Ford Taurus and Mercury Sable sedans, The Detroit News reports.
Renault-Nissan: Engineering Synergies Saved $925 Million
6/28/2013Renault SA and Nissan Motor Co. say their alliance saved $925 million last year by collaborating on vehicle engineering.
Nissan to Add 900 Jobs in Tennessee
6/28/2013Nissan Motor Co. says it will hire 900 hourly workers at its assembly plant in Smyrna, Tenn., to prepare for the launch of the next-generation Rogue crossover vehicle this autumn.
Foxx Confirmed as New DOT Secretary
6/28/2013The U.S. Senate has confirmed Anthony Foxx, mayor of Charlotte, N.C., as secretary of the Dept. of Transportation.