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Dongfeng, Getrag Form Transmission Venture
10/26/2012Germany's Getrag International GmbH has agreed to create a joint venture with Dongfeng Motor Group Co. in Wuhan, China, to supply transmissions for the Chinese automaker's cars and light commercial vehicles.
Tenneco Boosts Profit Despite Flat Sales
10/26/2012Tenneco Inc. netted $125 million in the third quarter of this year compared with $30 million in the same period of 2011.
U.S. Probes Sticky Throttles in Ford Taurus/Mercury Sable
10/26/2012The National Highway Traffic Safety Administration has opened a preliminary investigation into complaints that the throttle may jam in an open position in 2002-2003 Ford Taurus and Mercury Sable sedans.
Truck Sales Plunge 14% in Europe
10/26/2012Demand for commercial trucks across Europe fell to 156,600 units in September from 181,100 units a year earlier, according to industry group ACEA.
Getrag, Dongfeng Form Transmission Venture
10/26/2012Getrag International GmbH has agreed to create a joint venture with Dongfeng Motor Group Co. in Wuhan, China, to supply transmissions for the Chinese automaker's cars and light commercial vehicles.
Renault May Miss 2012 Sales Goal
10/26/2012Renault SA cautions that it may fall short of its goal of selling more vehicles in 2012 than last year's record 2.72 million units.
Volvo Cars to Trim Production in Belgium
10/26/2012Zhejiang Geely Holding Group Co.'s Volvo Cars unit says it will slow the line speed at its assembly plant in Ghent, Belgium 8% next year.
GM Confirms Talks to Boost Stake in Korea Unit
10/26/2012General Motors Co. says it has offered to buy the Korea Development Bank's 17% stake in GM Korea.
VW to Produce Two-Cylinder Diesel
10/26/2012Volkswagen AG will begin making a two-cylinder diesel engine for its Up! city car in the second half of 2013, according to media reports from the Sao Paulo auto show that cite R&D director Ulrich Hackenberg.
Ford: Plant Closings to Restore European Profit
10/25/2012Ford Motor Co. intends to shutter three factories in Europe, shrinking its production capacity in the region by 355,000 vehicles, or 18%, and eliminating 5,700 jobs.