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Ford Aims to Double Market Share in China
4/16/2013Ford Motor Co. expects to capture 6% of the Chinese auto market by 2015 compared with about 3% now, according to the company's Asia sales chief David Schoch.
PSA Delays Restructuring Cuts Until Court Ruling
4/16/2013PSA Peugeot Citroen says it has delayed the implementation of its restructuring by 10 days until a Paris high court rules on the legality of the company's plan to cut 11,200 jobs in France and close its Aulnay assembly plant outside Paris next year.
Littelfuse Buys Hamlin
4/15/2013Littelfuse Inc. has agreed to buy sensor-maker Hamlin Inc. for $145 million in an all-cash deal the companies expect to finalize at the end of May.
Conti, Federal-Mogul Each Win Two PACE Awards
4/15/2013Continental AG and Federal-Mogul Corp. each captured a pair of Automotive News PACE Awards Monday night for technologies deemed among the auto industry's most innovative.
VW Appoints New SEAT Chief
4/15/2013Volkswagen AG has named Juergen Stackmann to head of its Martorell, Spain-based SEAT unit, starting on May 1.
Chrysler Shuffles Brand CEOs
4/15/2013Chrysler Group LLC has named Reid Bigland, CEO of its Dodge brand, to the same position at its Ram Truck make.
Toyota Study: Plug-Ins Could Cut Fuel Use 46%
4/15/2013A three-year fleet test in Strasbourg, France, indicates that plug-in hybrid cars are 46% more fuel efficient than similarly sized conventional vehicles in city driving.
Chinese Economic Growth Slows in First Quarter
4/15/2013China's economy, which expanded at a 7.9% annual rate in the fourth quarter of 2012, grew at a 7.7% pace in January through March this year, according to the Beijing-based National Bureau of Statistics.
Cadillac Names Global Directors
4/15/2013General Motors Co. has hired Steve Majoros, managing director of Campbell Ewald advertising agency, to the newly created post of director of global Cadillac marketing.
GM Outsells VW in China
4/15/2013General Motors Co. and its partners boosted wholesale deliveries in China 10% year over year to a record 816,400 vehicles in the first quarter of 2013.