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Buying New Car Takes Bigger Bite Out of Income
3/20/2013It took 23.6 weeks of median family income to purchase and finance the average new vehicle in the U.S. during the fourth quarter of 2012 compared with a revised 23.2 weeks in the third quarter, according to Comerica Bank's Auto Affordability Index.
VW Transmission Recall in China Could Cost More than $600 Million
3/20/2013Volkswagen AG's recall of 384,200 cars in China to replace defective transmissions could cost the company $184 million and perhaps more than three times that much, according to Bloomberg News.
Recall in China Could Cost VW More Than $600 Million
3/20/2013Volkswagen AG's recall of 384,200 cars in China to replace defective transmissions could cost the company as much as $611 million, Bloomberg News reports.
VW Recall in China Could Cost More Than €470 Million
3/20/2013Volkswagen AG's recall of 384,200 cars in China to replace defective transmissions could cost the company as much as €473 million, Bloomberg News reports.
Detroit Electric Vows to Debut Electric Sports Car This Year
3/20/2013Detroit Electric Holdings Ltd. says it will unveil an electric sports car next month at the Shanghai auto show and begin building the vehicle later this year.
Talks Collapse Between Hedge Funds, “Old GM”
3/20/2013The trust that is liquidating the assets General Motors Co. cast off in bankruptcy has broken off settlement discussions with a group of hedge funds that are seeking a big payout for notes issued by GM's Canadian unit.
Bentley May Build SUV in Slovakia
3/20/2013Volkswagen AG's Bentley Motor Group tells reporters it will decide "very soon" whether to launch production of the brand's first SUV at its headquarters in Crewe, England, or in Bratislava, Slovakia.
Bentley Mulls Building SUVs in Slovakia
3/20/2013Volkswagen AG's Bentley Motor Group tells reporters it will decide "very soon" whether to launch production of the brand's first SUV at its headquarters in Crewe, England, or in Bratislava, Slovakia.
Porsche SE Seeks Acquisitions
3/20/2013CEO Martin Winterkorn says Porsche Automobil Holding SE is looking for "strategic investments" in midsize companies with experienced management in Germany and abroad.
Porsche SE Seeks Acquisitions
3/19/2013CEO Martin Winterkorn says Porsche Automobil Holding SE is looking for "strategic investments" in midsize companies with experienced management in Germany and abroad.