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Renault-Nissan Plan India Factory for Budget Cars
2/21/2013Nissan Motor Co. and alliance partners Renault SA intend to invest about 30 billion yen ($321 million) to erect a plant in Chennai, India, that will begin building low-cost cars in the second half of 2014, The Nikkei reports.
Renault-Nissan Plan India Factory for Budget Cars
2/21/2013Nissan Motor Co. and alliance partners Renault SA intend to invest about 30 billion yen (€240 million) to erect a plant in Chennai, India, that will begin building low-cost cars in the second half of 2014, The Nikkei reports.
Lithium-Air Batteries: The Next Big Thing
2/21/2013Researchers are racing to develop production-ready lithium-air batteries that could produce energy densities akin to that of gasoline, Bloomberg News reports.
U.S. Mulls Suing Auto Lenders
2/21/2013The U.S. Consumer Financial Protection Bureau has notified at least four banks that it may sue them for discriminatory practices involving interest rates on auto loans, Bloomberg News reports.
Fiat-Chrysler Global Sales Rise 13%
2/21/2013Fiat-Chrysler sold 329,800 vehicles worldwide last month compared with 292,700 units in January 2011.
Dana Takes Glum View of 2013 After Weak Quarter
2/21/2013Dana Holding Corp. boosted net earnings to $88 million in the fourth quarter of 2012 from $71 million in the same period of 2011, thanks largely to a one-time tax benefit.
France’s Alten to Build Testing Center in India
2/21/2013French engineering firm Alten SA plans to open an auto testing facility at its R&D center in Chennai, India, by June 2014.
Ford Urges Obama to Lean on Japan About Yen
2/21/2013Ford Motor Co. says it has pressed President Barack Obama to insist at his meeting on Friday with Prime Minister Shinzo Abe that Japan stop intervening to further weaken the yen.
Daimler’s Car, Truck Executives Trade Jobs
2/21/2013Daimler AG has appointed Wolfgang Bernhard to become chief of the Daimler Trucks unit on April 1.
Ford to Move Some Small-Engine Output to U.S. from Spain
2/21/2013Ford Motor Co. confirms it will invest $200 million in its Cleveland Engine Plant to begin making 2.0-liter EcoBoost engines there by the end of next year.