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Japan’s Carmakers Aim to Boost Global Sales 4%
2/18/2013Japan's eight makers of cars and truck aim to sell 25.1 million vehicles worldwide this year compared with a record 24.1 million units in 2012, The Nikkei reports.
Japanese Automakers Target 4% Gain in Global Sales
2/18/2013Japan's eight makers of cars and trucks aim to boost their sales to a combined 25.1 million vehicles worldwide this year from a record 24.1 million units in 2012, The Nikkei reports.
PSA Still Struggling to Restart Aulnay Factory
2/18/2013PSA Peugeot Citroen says it hopes to resume production this week at its assembly plant in Aulnay, France.
Renault Opens German Banking Unit
2/18/2013France's Renault SA says its finance arm has begun taking deposits for savings accounts in Germany today through its new Renault Bank Direkt unit.
DOE Battery Goal: 3X Range at One-Third the Cost
2/18/2013A new U.S. Dept. of Energy initiative seeks to develop electric car batteries that can triple driving range and slash by two-thirds.
Chevrolet Reveals 415-hp SS Model
2/18/2013General Motors Co unveiled the Chevrolet SS, its first rear-drive performance sedan since the Pontiac G8 went out of production in 2009.
Developers Tout Iron-Based Fuel-Cell Catalyst
2/18/2013U.S. government researchers are developing an iron-based material that promises the efficiency of platinum catalysts at one-thousandth the cost.
VW CEO to Receive Smaller Paycheck for 2012
2/18/2013Volkswagen CEO Martin Winterkorn will be paid €14 million for last year, according to Der Spiegel, which did not cite its sources.
SAIC Finalizes Sale of 1% of Shanghai Venture to GM
2/17/2013General Motors Co. has paid $119 million to Shanghai Automotive Industry Corp. for a 1% stake in their joint venture, thus returning the partnership to 50:50 status.
PSA Bank’s Rating Cut to Junk-Bond Level
2/17/2013Standard & Poor's Ratings Services has lowered its rating of PSA Peugeot Citroen's auto-lending arm, Banque PSA Finance, by one step to BB+, one notch below investment grade.