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Financial Confidence Soars in Germany
12/11/2012European analysts and institutional investors have turned optimistic about Germany's economic prospects over the next six months, according to the Centre of European Economic Research (ZEW). The group's sentiment index for Germany surged 22.6 points from November to December to reach +6.9, the first time since June that the gauge has been in positive territory.
Geely Licenses Volvo Technologies
12/11/2012Zhejiang Geely Holding Group has signed three "cooperation agreements" that will give it access to technologies its Volvo Cars unit plans to phase out by mid-decade.
Mercedes to Recall Eight Models for Engine Fire Risk
12/11/2012Daimler AG will recall 5,800 vehicles in the U.S. from the 2011 and 2012 model years to replace a faulty fuel filter flange that could crack and leak.
Hyundai Boosts Annual Russian Output 58%
12/11/2012Hyundai Motor Co. tells Bloomberg News the company expects to build 220,000 small cars at its factory in St.
BMW Widens Global Luxury-Car Sales Lead
12/11/2012BMW AG reports it boosted worldwide sales 26% from a year earlier to 145,500 cars and SUVs in November.
Cars Become More Affordable in the U.S.
12/11/2012It took 23.1 weeks of American median family income to purchase and finance the average new passenger vehicle in the third quarter of this year compared with a revised 23.3 weeks in the second quarter, according to Comerica Bank's Auto Affordability Index.
JLR Considers an Assembly Plant for Saudi Arabia
12/11/2012Tata Motors Ltd.'s Jaguar Land Rover unit says it will conduct a feasibility study for an assembly plant in Saudi Arabia.
Chrysler Ponders Another Transmission Plant in Indiana
12/11/2012Chrysler Group LLC is considering plans to make nine-speed automatic transmissions in Tipton, Ind., the Kokomo Tribune reports.
Light Vehicle Sales Growth Stalls in Russia
12/11/2012Automakers sold 240,300 passenger and light commercial vehicles in Russia last month compared with 239,400 units in November 2011, the Moscow-based Assn. of European Businesses reports.