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China Captures 60% of World’s Auto Capacity Spending
3/5/2013Last year automakers committed to investing US$15.6 billion worldwide to boost vehicle capacity, including $9.3 billion in China, according to the University of Windsor's Office of Automotive & Vehicle Research.
Mexico Gets Most N. America Capacity Investment
3/5/2013Last year automakers committed to spend nearly US$2.6 billion on building or expanding assembly plants in Mexico compared with $500 million in the U.S., according to the University of Windsor's Office of Automotive & Vehicle Research.
Tesla Delays Filing Annual Report with SEC
3/4/2013Electric car market Tesla Motors Inc. says it has postponed filing its 2012 annual report with securities regulators by 10 days to March 11 because of an accounting error.
Girsky Defends GM Decision to Keep Opel
3/4/2013General Motors Co. made the right choice in late 2009 when it scrapped plans to sell its Opel unit to a Canadian-Russian consortium, GM Vice Chairman Steve Girsky tells The Wall Street Journal.
GM Defends Decision to Keep Opel
3/4/2013General Motors Co. made the right choice in late 2009 when it scrapped plans to sell its Opel unit to a Canadian-Russian consortium, GM Vice Chairman Steve Girsky tells The Wall Street Journal.
Car Sales Drop 11% in Germany
3/4/2013Registrations of new passenger vehicles in Germany slid to 200,700 units last month from 224,200 units a year earlier, according to federal auto agency KBA.
Toyota's European Auto Business Swings to a Profit
3/4/2013Toyota Motor Co. will turn its first European automotive operating profit in five years in the fiscal period ending March 31, according to Didier Leroy, the company's chief for the region.
Audi A3 Plug-in Rated at 157 mpg on Europe Test Cycle
3/4/2013Volkswagen AG's Audi unit says the new A3 Sportback e-tron plug-in hybrid generates 204 hp but burns only 1.5 liters of fuel per 100 km of travel (157 mpg) on the European test cycle.
Lincoln Sales Tumble Despite Brand Relaunch
3/4/2013Ford Motor Co. introduced its revamped luxury marque as Lincoln Motor Co. in December and aired two commercials during the Super Bowl touting the new generation of the brand's MKZ midsize sedan.
Toyota Reveals Electric Three-Wheeler Concept
3/4/2013Toyota Motor Corp.'s new three-wheeled electric city vehicle, called i-Road, uses two 2-kW motors in the front wheels to carry two passengers for about 30 miles per charge.