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U.S. Jobless Rate Hits Four-Year Low of 7.5%
5/5/2013Employers added 165,000 jobs in the U.S. last month, the Dept. of Labor reports.
Meritor Names New Chair, CEO As McClure Departs
5/5/2013Meritor Inc. has named board member Ivor Evans as executive chairman and interim CEO and president, effective immediately.
Auto Veteran Beattie Joins Kawasaki
5/5/2013Kawasaki Motors Corp. has hired former Jaguar Land Rover executive Richard Beattie as its chief marketing and sales officer for the U.S. and Latin America.
Car Sales Drop in 5% in France, 11% in Italy
5/5/2013Registrations of new passenger vehicles in France fell to 157,900 units last month from 166,600 units in April 2012, according to local industry group CCFA.
VW Developing Carbon Fiber Roof Option
5/3/2013Volkswagen AG tells Edmunds.com it is developing a carbon-fiber-reinforced roof to offer as a weight-saving option in performance versions of its Golf hatchback, such as the 256-hp Golf R.
Nissan Creates Post to Manage Plant-to-Customer Cost
5/3/2013Nissan Motor Co. has appointed Dan Bednarzyk to the newly created position of vice president of total delivered cost for the Americas, effective May 13.
EU Scrutinizes PSA Bond Guarantees, Restructuring
5/3/2013The European Commission has launched an in-depth investigation into whether the French government's €7 billion in bond guarantees to PSA Peugeot Citroen's finance arm violates EU fairness rules.
BMW Earnings Slip 3% to $1.7 Billion
5/3/2013BMW AG's net profit fell to €1.3 billion ($1.7 billion) in the January-March period of 2013 from €1.4 billion ($1.8 billion) a year earlier.
BMW Earnings Slip 3%
5/3/2013BMW AG's net profit fell to €1.3 billion in the January-March period of 2013 from €1.4 billion a year earlier.
European Central Bank Cuts Interest Rates
5/2/2013The European Central Bank has lowered its benchmark interest rate for the first time in 10 months with a 0.25-point reduction to 0.50%. ECB President Mario Draghi says the rate cut should help the region's economy recovery later this year.