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Daimler, Evonik Ponder How to Prop Up Ailing Battery Cell Venture
6/11/2013Daimler AG may find a partner to help bolster its struggling battery cell venture with Germany's Evonik Industries AG unless the two companies decide to sell the venture, according to media reports.
GM Slashes Volt Price to Spark Sales
6/11/2013General Motors Co. has cut the base price of the 2013 Chevrolet Volt extended-range hybrid sedan by $4,000 to $36,000 in a bid to spur sluggish demand.
Japan’s Economy Grew Faster Than Earlier Estimate
6/11/2013Japan's gross domestic product expanded at a 4.1% annual rate in the January-March period compared with the preliminary estimate of 3.5%, according to the country's Cabinet Office.
France’s Hollande: Europe’s Debt Crisis is “Over”
6/11/2013French President Francois Hollande has declared that the financial crisis that has kept the eurozone economy in recession for six consecutive quarters has ended.
Navistar More Than Doubles Quarterly Loss
6/11/2013Navistar International Inc. posted a net loss of $374 million in the fiscal second quarter ended April 30 compared with $172 million a year earlier.
NHTSA Steps Up Probe of Pontiac Brake Lights
6/11/2013The National Highway Traffic Safety Administration has upgraded its investigation into complaints about malfunctioning brake lights in Pontiac G6 coupes and sedans to an engineering analysis, which is often the precursor to a recall.
NHTSA Opens Probe into Misfiring Honda Airbags
6/11/2013The National Highway Traffic Safety Administration has launched an investigation into complaints about the frontal airbags in Odyssey minivans deploying without a crash.
GM Creates Global Business Services Unit
6/11/2013General Motors Co. has established a Global Business Services group to simplify the back-office processes for such functions as finance, human resources, facilities and real estate.
Eaton Mulls Sale of Auto Parts Unit
6/11/2013Eaton Corp. is considering the sale of its car parts operations to focus on its electrical systems business, Bloomberg News reports.
Ford to Hire 800 More Salaried Workers in U.S.
6/11/2013Ford Motor Co. plans to hire 800 salaried employees in the U.S. over the next six months in addition to the 2,200 new jobs the company announced earlier this year, The Detroit News reports.