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Ford Begins Production of Explorer SUVs in Russia
4/11/2013Ford Motor Co. has begun making its Explorer SUV in southern Russia.
Nissan Boosts Pay at U.S. Plants
4/11/2013Nissan Motor Co. says it will increase hourly wages in October by 55 cents-65 cents, or about 2%, at three U.S. factories and resume paying an annual "recognition" bonus in June, the Associated Press reports.
Auto Sales Rise 13% in China
4/11/2013Carmakers sold 1.59 million passenger vehicles in China last month compared with 1.41 million in March 2012, according to the China Assn. of Automobile Manufacturers.
Moody’s Cuts PSA Debt Rating
4/11/2013Moody's Investors Service has lowered its credit rating for PSA Peugeot Citroen by one notch to B1, four steps below investment grade.
Pension Funds Sue Navistar Over Engine Disclosures
4/11/2013At least two pension funds are separately suing Navistar International Corp., alleging that its executives misled investors about the company's problems developing a diesel engine to meet new federal emissions regulations.
Texas Dealer Fight Prompts Tesla to Hint of Future Plant
4/11/2013Tesla Motors Inc., which is battling car dealers in Texas for the right to sell its electric vehicles directly to consumers, tells Automotive News the company would consider building an assembly plant there in as little as three years.
Annual Car Sales in India Drop for First Time in 10 Years
4/11/2013Wholesale deliveries of new passenger cars in India slid 7% to 1.89 million units in the fiscal year ended March 31, according to the Society of Indian Automobile Manufacturers.
India’s Annual Car Sales Drop for First Time in 10 Years
4/11/2013Wholesale deliveries of new passenger cars in India slid 7% to 1.89 million units in the fiscal year ended March 31, according to the Society of Indian Automobile Manufacturers.
Renault Threatens to Move Work from Romania to Morocco
4/11/2013Renault SA's Dacia unit says that if workers at its assembly plant in Mioveni, Romania, persist in demanding a 40% wage increase, the company could shift a significant portion of the facility's production to lower-cost factories in Morocco.
Nissan to Shift Van Production From Spain to France
4/11/2013Nissan Motor Co. plans to relocate production of its next-generation Primastar commercial van from Barcelona, Spain, to alliance partner Renault SA's factory in Sandouville, France, Le Monde reports.