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Audi Powers Down EV Program
10/25/2012Volkswagen AG's Audi unit has suspended plans to introduce the R8 e-tron electric sports car next year, Car and Driver reports.
Audi Unwinds EV Program
10/25/2012Volkswagen AG's Audi unit has suspended plans to introduce the R8 e-tron electric sports car next year, Car and Driver reports.
Ford: Plant Closings Will Restore Profitability in Europe
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.
VW Develops a Two-Cylinder Diesel
10/25/2012Volkswagen AG will begin producing a two-cylinder diesel engine for its Up! city car in the second half of 2013, according to news reports citing R&D director Ulrich Hackenberg.
Ford Shrinks Capacity 18% in Europe
10/25/2012Ford Motor Co. says it will shut down three plants in Europe, shrinking its production capacity in the region by 355,000 units or 18% (excluding Russia) and eliminating 5,700 jobs.
Daimler Cuts Outlook, Sets Aggressive Cost Targets
10/25/2012Daimler AG lowered its forecast for 2012 profit because of deteriorating market conditions worldwide.
European Slowdown Shrinks VW Operating Profit
10/25/2012Volkswagen AG netted €11.3 billion ($14.7 billion) in the third quarter of this year compared with €7 billion ($9.1 billion) in the same period of 2011.
Cutting Curves in Safety Glass
10/25/2012The safety glass used in vehicle windows sandwiches a tear-proof film between two layers of glass.
Daimler Sets Aggressive Cost Targets, Cuts Outlook
10/25/2012Daimler AG lowered its forecast for 2012 profit because of deteriorating market conditions worldwide.
PSA Gets Loan Guarantees from France
10/25/2012The French government confirms it has agreed to provide €7 billion ($9.1 billion) in loan guarantees to PSA Peugeot Citroen's finance arm in 2013-2015 to enable the unit to borrow money at lower interest rates.