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Avis to Buy Zipcar
1/2/2013Rental car company Avis Budget Group Inc. is spending about $500 million to buy Zipcar Inc., the car-sharing service that operates in large cities and on more than 300 college campuses.
GM to Recall Pickups that Lack Second Hood Latch
1/2/2013General Motors Co. is preparing to recall 118,800 Chevrolet Colorado and GMC Canyon pickup trucks in the U.S. that were manufactured without a secondary hood latch.
Hyundai-Kia Predicts 50% Slower Sales Growth
1/2/2013Hyundai Motor Co. and affiliate Kia Motors Corp. predict their combined global sales will expand 4% to 7.4 million units in 2013, the slowest growth rate in seven years.
China Expected to Surpass Europe in Auto Output in 2013
1/2/2013Carmakers are likely to build 19.6 million cars and light-duty trucks in China this year compared with 18.3 million units in Europe (including Russia and Turkey), according to the Financial Times.
Datsun Cars to Share Platform with Lada
1/2/2013Nissan Motor Co. tells Automotive News Europe that its upcoming line of low-price Datsun small cars will ride on the same Nissan platform that carries Russia's new Lada Kalina.
Hyundai-Kia Expects Slower Sales Growth This Year
1/2/2013Hyundai Motor Co. and affiliate Kia Motors Corp. predict their combined global sales will expand 4% to 7.4 million units in 2013, the slowest growth rate in seven years.
CCS Academic Chief Molnar Dies
1/2/2013Imre Molnar, the 61-year-old provost of Detroit's College for Creative Studies, died last Friday of a heart attack while bicycling in California.
Shanghai Adds Huge Incentives for EVs
1/2/2013Shanghai has introduced hefty incentives to help boost sales of electric vehicles and plug-in hybrids, the Shanghai Daily reports.
Toyota to Pay $1.1 Billion to Settle U.S. Acceleration Lawsuit
12/27/2012Toyota Motor Corp. has reached a tentative $1.1 billion settlement to resolve a class-action lawsuit in the U.S. related to claims that its vehicles could accelerate unexpectedly.
Audi Budgets €13 Billion for Expansion
12/27/2012Volkswagen AG's Audi luxury car unit says it will invest €13 billion through 2016 on products, technology and capacity.