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Polk: U.S. Auto Sales to Grow Nearly 7% This Year
1/2/2013Registrations of new cars and light trucks in America will climb to 15.30 million units this year from an estimated 14.35 million vehicles in 2012, according to auto data provider Polk.
Audi Continues Work on R8 e-tron EV
1/2/2013Volkswagen AG's Audi unit continues to refine its R8 e-tron electric sports car, even though plans to make a production version remain unlikely.
Auto Demand Slumps in Italy, Spain
1/2/2013Sales of new cars in Italy plummeted 20% to 1.4 million units in 2012, the lowest level since 1979, according to Federauto.
Subaru May Hike U.S. Capacity 37%
1/2/2013Subaru maker Fuji Heavy Industries Ltd. plans to invest 20 billion yen ($230 million) to boost annual capacity at its plant in Lafayette, Ind., from 270,000 units now to 370,000 vehicles by the fiscal year beginning in April 2015, The Nikkei reports.
World Auto Output May Grow 2% in 2013
1/2/2013Automakers are expected to produce 82.4 million cars and light trucks globally this year compared with an estimated 80.6 million units in 2012, according to the Financial Times.
Toyota Aims to Boost Global Sales 2% This Year
1/2/2013Toyota Motor Corp. expects to sell 9.91 million vehicles worldwide in 2013 compared with an estimated record 9.70 million units last year.
Analysts: Fiat Must Cut Capacity in Europe
1/2/2013To balance capacity with demand, Fiat SpA needs to eliminate 700,000 units of annual capacity the equivalent of two assembly plants in Europe, says Bloomberg News.
GM Agrees to Sell Transmission Plant in France
1/2/2013General Motors Co. says it has reached a deal to sell its automatic transmission plant in Strasbourg, France, to Belgium-based Punch Metals International NV.
China May Surpass Europe in Auto Output in 2013
1/2/2013Automakers are likely to build 19.6 million cars and light-duty trucks in China this year compared with an estimated 18.3 million units to be made in Europe (including Russia and Turkey), according to the Financial Times.
Car Sales in France Slump to 15-Year Low
1/2/2013New-car registrations in France fell 14% to 1.9 million units last year, their smallest volume since 1977, according to CCFA.