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China’s Economic Growth Decelerates
10/17/2012China's gross domestic product, which expanded 7.6% in the second quarter of 2012, grew 7.4% in the July-September period the smallest increase since the first quarter of 2009, the National Bureau of Statistics reports.
Nissan Unveils Two Advanced Electric Steering System
10/17/2012Nissan Motor Co. has announced two electronic steering systems, one to reduce driver fatigue during normal conditions and the other to automatically veer around an obstacle to avoid collision.
U.S. Housing Starts Jump 15% to Four-Year High
10/17/2012Builders broke ground on new American homes at an annual rate of 872,000 units last month compared with an upwardly revised 758,000-unit rate in August, according to the Dept. of Commerce.
France May Bail Out PSA Finance Unit
10/17/2012PSA Peugeot Citroen is in talks with the French government about financing for its Banque PSA Finance unit, whose credit rating is threatened by the carmaker's junk-bond rating.
New Opel Engine Boosts Power, Efficiency
10/17/2012General Motors Co.'s Opel unit has unveiled two new 1.6-liter Ecotec gasoline engines that will debut in its vehicles early next year.
New Opel Engine 13% More Efficient, 33% More Powerful
10/17/2012General Motors Co.'s Opel unit has unveiled two new 1.6-liter Ecotec gasoline engines that will debut in its vehicles early next year.
GM Takes Control of India Venture
10/17/2012General Motors Co. has boosted its ownership of its India joint venture to 93% from 50% by buying a 43% stake from partner Shanghai Automotive Industries Corp. for an undisclosed price.
Daimler Tangles with German Workers About Shift Cut
10/17/2012Daimler AG has reached a stalemate in talks with unions about eliminating one of two shifts at its Mercedes-Benz car plant in Sindelfingen, Germany, Bloomberg News reports.
JCI Offers to Buy A123’s Auto Battery Business
10/17/2012Johnson Controls Inc. has agreed to pay $125 million to acquire the auto-related battery business of A123 Systems Inc., while filed for bankruptcy protection on Tuesday.
Fiat Reassures Unions It Will Keep Italian Plants Open
10/17/2012Fiat SpA executives have reiterated to its major Italian unions that it intends to continue operating all five of its domestic plants despite plunging sales.