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Project Aims to Prove EV Costs Are Lower than IC Cars
2/24/2013A European consortium is launching a three-year, $3 million project to show that the total cost of electric vehicle ownership can be less than that for conventional piston-powered cars.
Indian, German Firms Set Up Diesel Emissions Venture
2/24/2013Pune, India-based Rochi Engineers Pvt. Ltd. has agreed to form a $12 million joint venture with Germany's PURItech GmbH to design and manufacture emission control systems for diesel engines.
EC: No Growth in Eurozone Economy This Year
2/24/2013The economy of the 17-country eurozone, which contracted 0.6% in the final quarter of 2012, will shrink 0.3% this year, the European Commission predicts.
EC: Eurozone Economy Won’t Grow Until 2014
2/24/2013The economy of the 17-country eurozone, which contracted 0.6% in the final quarter of 2012, will shrink 0.3% this year, the European Commission predicts.
Refreshed Grand Cherokee Powertrains: Greener or Faster
2/24/2013Chrysler Group LLC's heavily revised powertrain options for the 2014 Jeep Grand Cherokee SUV include a first-time diesel, new eight-speed transmission and updates to existing 3.6-liter V-6 and 5.7-liter V-8 engines.
China’s Carmakers Need 10 Years Prep for Global Stage
2/24/2013Chinese automakers need to step up R&D spending to become world-class, and it will take them about 10 years to get there, an analyst at Sanford C.
U.K. Loses Moody’s Triple-A Rating
2/24/2013Moody's Investors Service has lowered its credit rating for U.K. government debt by one notch to Aa1, one step below the highest investment grade rating.
Siemens Deepens EV Power Electronics Ties with Semikron
2/22/2013Siemens AG's Drive Technologies Div. and Semikron International GmbH have agreed to extend their existing collaboration on power modules to include additional power electronics systems for electric vehicles.
Compensation for VW Executives Drops
2/22/2013Volkswagen AG's supervisory board has revamped its executive compensation policy, resulting in lower compensation for top executives for last year.
VW: Operating Profit Won’t Grow This Year
2/22/2013Volkswagen AG's operating income rose only 2% to €11.5 billion ($15.1 billion) last year.