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Fiat Taps Veteran Exec to Fix European Unit
11/13/2012Fiat SpA has appointed Alfredo Altavilla as chief operating officer of the company's unit for Europe, Africa and the Middle East.
Chrysler Targets 8% Global Sales Growth in 2013
11/12/2012Chrysler Group LLC is aiming for worldwide sales of 2.6 million vehicles next year compared with an estimated 2.4 million units in 2012, Automotive News reports.
Faurecia Aims to Boost N. American Sales 65%
11/12/2012French supplier Faurecia SA, which nearly tripled its revenue in North America from 2008 to €2.6 billion ($3.3 billion) last year, plans to increase sales there to €4.3 billion ($5.5 billion) by 2016.
Faurecia to Cut 3,000 Jobs in Europe
11/12/2012French supplier Faurecia SA says is will shed 1,500 jobs in Europe by year-end and plans to eliminate an equal number in 2013, citing the region's shrinking auto market.
Fiat Expects Global Sales to Drop 6% in 2013
11/12/2012Fiat SpA predicts its worldwide sales will shrink to 1.7 million vehicles next year from 1.8 million units in 2012 because of continuing weakness in the European car market, Automotive News reports.
Toyota to Introduce Collision-Avoidance System
11/12/2012Toyota Motor Corp. says some of its vehicles will soon offer a system designed to mitigate potential collisions at closing speeds as high as 60 kph (37 mph). The technology uses millimeter-wave radar to monitor the speed of the vehicle ahead.
Japan’s Economy Contracts
11/12/2012Japan's gross domestic product shrank at an annualized rate of 3.5% in the July-September period compared with the previous three months, the country's Cabinet Office reports.
Japan’s Economy Contracts
11/12/2012Japan's gross domestic product shrank at an annualized rate of 3.5% in the July-September period compared with the previous three months, the country's Cabinet Office reports.
U.S. May Be an Oil Exporter by 2030
11/12/2012America will overtake Saudi Arabia as the world's largest petroleum producer by about 2020 and become a net exporter of oil 10 years later because of the U.S. boom in extracting oil from shale, according to the International Energy Agency.
U.S. to Overtake Saudi Arabia, Russia in Oil, Gas Output
11/12/2012America will surpass Saudi Arabia to become the world's largest petroleum producer by about 2020 because of the U.S. boom in extracting oil from shale, according to the International Energy Agency.