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Study: U.S. Fuel Economy Rules 6X As Costly as Fuel Tax
2/26/2013The gasoline saved by upcoming U.S. fuel economy rules could be achieved for one-sixth and perhaps as little as one-fourteenth the cost by raising gasoline taxes instead, according to researchers at the Massachusetts Institute of Technology.
Nissan Expands Role of Nismo Performance Unit
2/26/2013Nissan Motor Co. says it will step up its racing activities this year and begin rolling out new high-performance variants of its road cars, all under the banner of its Nismo motorsport unit.
Executives at Daimler Took Pay Cut for 2012
2/26/2013Daimler AG reduced the compensation of its top managers last year by shrinking bonuses because the company missed its 2012 earnings goals and scrapped its operating profit targets for this year.
Daimler Cuts Executive Pay
2/26/2013Daimler AG reduced 2012 compensation for its top managers by shrinking bonuses because the company missed last year's profit goals and scrapped its targets for 2013.
China to Overtake France As PSA’s Biggest Market
2/25/2013PSA Peugeot Citroen expects its sales in China to surpass those in France, its home market, by 2015, Bloomberg News reports.
GM Ponders Building New Factory in Brazil
2/25/2013General Motors Co. tells Sao Paulo's O Estado de S Paulo newspaper that the company may need another Brazilian assembly plant in about three years if the country's auto market continues to grow at a 5% annual pace.
Ike Appointed Honda Chairman
2/25/2013Honda Motor Co. has named Senior Managing Officer Fumihiko Ike to become chairman on April 1.
China’s Factory Activity at Four-Month Low
2/25/2013Chinese manufacturing is growing more slowly this month that it has since November, according to HSBC Holdings plc.
U.S. Sells More of Its GM Shares
2/25/2013The Dept. of the Treasury, which sold 200 million shares of its General Motors Co. stake in December, began divesting its remaining 300.1 million shares in mid-January.
GM Predicts Opel Labor Deal This Week
2/25/2013General Motors Co.'s Opel unit expects to reach a restructuring agreement with its German unions within the next few days, Reuters reports.