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Porsche Ponders Another High-End Sports Car
10/21/2012Volkswagen AG's Porsche unit is evaluating plans to add a $400,000-$500,000 mid-engine sports car to its lineup, CEO Matthias Mueller tells Germany's Handelsblatt.
Volvo Cars Ousts Jacoby, Hires Truck Exec as CEO
10/19/2012Stefan Jacoby has stepped down as chief executive of Volvo Car Corp., which has replaced him with Hakan Samuelsson, former CEO of German truckmaker MAN AG.
BMW Revives Plan to Erect Plant in Brazil
10/19/2012BMW AG has resuscitated plans to build its first assembly plant in Brazil to cater to the demand for luxury vehicles from the country's growing population of well-heeled consumers.
GM to Hire 3,000 Hewlett-Packard IT Employees
10/19/2012General Motors Co., which is bringing most of its information technology work in-house, has agreed to hire 3,000 Hewlett-Packard Co. employees who have been providing IT services to the automaker.
Low-Cost Catalyst Could Replace Platinum in Fuel Cells
10/19/2012Chemists at Brown University are developing a cobalt catalyst for fuel cells that lasts longer and closely matches the performance of more expensive platinum-based alternatives.
Prius is California’s Best-Seller
10/19/2012Toyota Motor Corp.'s lineup of Prius hybrid vehicles is outselling any other nameplate offered in California, Bloomberg News reports.
Toyota to More Than Double Diesel Capacity in Thailand
10/19/2012Toyota Motor Corp. says it will invest 40 billion yen ($510 million) to boost its diesel engine capacity in Thailand to 610,000 units in 2015 from 290,000 units now.
Prius is California’s Best-Selling Car
10/19/2012Toyota Motor Corp.'s lineup of Prius hybrid vehicles is outselling any other nameplate offered in California, Bloomberg News reports.
Fiat Seeks Italian Tax Break to Export Cars to U.S.
10/19/2012Fiat SpA has asked the Italian government to reduce federal corporate taxes on exported goods to enable the company to profitably build Chrysler Group vehicles in Italy for export to North America, Bloomberg News reports.
Toyota Eyes 2% Cut to 2012 Production Plan
10/18/2012Toyota Motor Corp. is considering reducing its 2012 global output plan by about 200,000 vehicles because of plunging sales in China, Mid-Japan Economist reports.