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Braking Defect Spurs Recall of 242,000 Toyota Hybrids
6/6/2013Toyota Motor Corp. is recalling 233,000 Prius and 9,000 Lexus HS250h hybrid sedans from the 2010 model year to replace a part that could crack and cause a loss of brake boost.
Americans Becoming More Loyal to their Car Brands
6/6/2013U.S. consumers are increasingly likely to replace their vehicles with another of the same make, according to Polk & Co.'s analysis of first-quarter registrations.
Fed Strikes Slightly More Positive Note on U.S. Economy
6/6/2013The American economy continued to gradually expand from early April through May, thanks to gains in home construction and manufacturing, according to the Federal Reserve's Beige Book business survey.
BMW, Daimler Skip Summer Factory Break
6/6/2013BMW AG and Daimler AG plan to keep their car factories operating all summer worldwide to meet growing demand, Bloomberg News reports.
Researchers Tout Graphene-Iodine Catalyst for Fuel Cells
6/5/2013A metal-free catalyst made of graphene nanoparticles edged with iodine can outperform traditional platinum in fuel cells, according to researchers from Ohio, Texas and South Korea.
Floods Disrupt Porsche SUV, Sedan Production
6/5/2013Porsche AG says floods in northern Europe have forced it to suspend production of Cayenne SUVs and Panamera sedans in Leipzig, Germany.
Treasury, Union Trust to Sell 50 Million GM Shares
6/5/2013The U.S. Dept. of the Treasury and a union retiree healthcare trust plan to sell 30 million shares and 20 million shares in General Motors Co., respectively, this week.
American Auto Leasing Hits Fresh High
6/5/2013In the first quarter of this year, 27.5% of all auto buyers in the U.S. leased their new vehicles compared with 24.4% a year earlier and 24.8% in the fourth quarter of 2012, Experian Automotive reports.
Ford to Hike N. America Output 10% in Third Quarter
6/5/2013Ford Motor Co. plans to build 740,000 vehicles in North America in the July-September period compared with about 673,000 a year earlier.
Floods to Halt Porsche Cayenne Production
6/5/2013Volkswagen AG's Porsche unit says it will stop building the Cayenne luxury SUV at its plant in Leipzig, Germany, on Wednesday because flooding in the region has interrupted parts deliveries.