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U.S. New-Car Fuel Economy at All-Time High
1/7/2013The average fuel economy of new cars and light trucks sold in the U.S. last year reached a record 23.8 mpg, according to researchers at the University of Michigan Transportation Research Institute.
Ford to Offer Rhapsody In-Car Music Service
1/7/2013Ford Motor Co. has signed a deal with online music streaming service Rhapsody International Inc. to provide customers with in-car music through their Bluetooth-enabled smartphones.
Chinese Government Fund May Buy Daimler Shares
1/7/2013China Investment Corp., the country's sovereign wealth fund, may buy a 4%-10% stake in Daimler AG, according to state-owned newspaper People's Daily, which does not cite its sources.
PSA May Sell Faurecia Stake
1/7/2013PSA Peugeot Citroen may sell its 57.4% stake in parts maker Faurecia SA for €1.2 billion to €1.5 billion, according to Paris-based CM-CIC Securities.
Canada’s Auto Sales Rose 6% to 10-Year High
1/7/2013Sales of light vehicles in Canada climbed to 1.68 million units in 2012 compared with 1.59 million units in 2011, according to Richmond Hill, Ont.-based DesRosiers Automotive Consultants Inc.
No New Factories for Toyota Until 2016
1/6/2013Toyota Motor Corp. may expand capacity at existing plants, but it won't build any all-new facilities for three years, according to The Nikkei, which does not cite its source.
Mercedes-Benz Hiked Global Sales 5% Last Year
1/6/2013Daimler AG's Mercedes-Benz Cars unit sold a record 1.42 million vehicles worldwide in 2012 year compared with 1.36 million units in 2011.
Mercedes-Benz Global Sales Rose 5% in 2012
1/6/2013Daimler AG's Mercedes-Benz Cars unit sold a record 1.42 million vehicles worldwide last year compared with 1.36 million units in 2011.
Ford Sells Most of Former Plant Site in Wixom
1/6/2013Ford Motor Co. has sold 239 acres in Wixom, Mich. nearly 85% of the company's former assembly plant site there to developer Trident Barrow Management LLC.
Visteon Touts Adaptive Car-Controls Concept
1/6/2013Visteon Corp.'s new e-Bee concept car uses five displays two with touch screens to customize the vehicle's controls to suit an array of drivers.