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VW Denies Plans for New Plant in Changsha, China
10/24/2012Volkswagen AG says it has no intention of building a new 10 billion-yuan ($1.6 billion) car plant in China's southeastern city of Changsha, as Chinese officials have suggested.
No New Plant Slated for Changsha, China, VW Says
10/24/2012Volkswagen AG says it has no intention of building a new 10 billion-yuan (€1.2 billion) car plant in China's southeastern city of Changsha, as Chinese officials have suggested.
Changing Metal Color Through Surface Texture
10/24/2012Researchers at the U.K.'s University of Southampton have developed a method of changing the color of gold and silver by etching their surfaces with nanoscale patterns.
Ally to Sell Canadian Auto Lending Unit to RBC
10/24/2012Ally Financial Inc., the former GMAC Inc., has agreed to sell its Canadian operations to Royal Bank of Canada in a deal valued at $4.1 billion.
Volvo Unveils Traffic-Jam Assistance System
10/24/2012Volvo Car Corp. plans to introduce a system in two years that will enable a car to automatically follow the vehicle ahead of it in traffic queues moving at 30 mph or less.
Daimler Adds Third Shift at German Car Plant
10/23/2012Daimler AG says it will start a third shift next week at its assembly plant in Rastatt, Germany, to meet strong demand for the latest-generation Mercedes-Benz A-Class minicar.
GM Touts Magnesium Sheet Processing
10/23/2012General Motors Co. hopes to license technology it has developed to form magnesium sheet metal and treat the material for corrosion resistance.
France Poised for Indirect Rescue of PSA
10/23/2012The French government is close to an agreement to bolster PSA Peugeot Citroen by providing as much as €7 billion in loan guarantees to the carmaker's finance arm, according to news reports.
CEO to Leave SiriusXM
10/23/2012Mel Karmazin, who has led satellite radio service provider SiriusXM Radio Inc. since 2004, will step down as CEO on Feb. 1.
Nissan May Double Output in Thailand
10/23/2012Nissan Motor Co. plans to invest about 30 billion yen ($377 million) to erect a new assembly plant in Thailand to eventually double its production in the country to 400,000 units, The Nikkei reports.