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U.S. Consumer Confidence Jumps
9/26/2012Americans are more upbeat this month about economic prospects than they have been since February, according to the New York City-based Conference Board.
Hyundai Launches Auto Finance Unit in China
9/26/2012Hyundai Motor Co. and its Chinese partner Beijing Automotive Industry Holding Co. are opening an automotive finance arm in China this month to boost sales of their vehicles.
Ford Plans Staff Cuts in Europe
9/25/2012Ford Motor Co. says it will reduce labor costs in Europe by shedding several hundred salaried jobs through voluntary buyouts and using fewer temporary and contract employees.
Japan’s Carmakers to Cut Output in China
9/25/2012Nissan Motor Co. and Toyota Motor Corp. will reduce their production in China by closing factories several days before a scheduled holiday shutdown.
Consumer Reports: Fisker Karma “Full of Flaws”
9/25/2012Fisker Automotive Inc.'s $107,900 Karma extended-range hybrid handles well and uses first-rate materials in the passenger compartment.
Tesla Debuts Solar-Powered “Super” Charger for EVs
9/25/2012Tesla Motors Inc. says it will begin deploying dozens of solar-powered "Supercharger" electric-vehicle charging stations across the U.S. next year.
Japanese Group May Try to Block Renesas Sale
9/25/2012A Japanese government fund may lead a group of several domestic companies in an attempt to block the sales of a controlling stake in chipmaker Renesas Electronics Corp. to New York City-based private equity fund KKR & Co.
GM Unveils Spot-Welding System for Aluminum
9/25/2012Next year General Motors Co. plans to ramp up its use of a new spot-welding process for aluminum the company says will eliminate nearly two pounds of rivets normally used in aluminum hoods and doors.
Chrysler Suspends Plug-In Fleet Test
9/25/2012Chrysler Group LLC has halted a year-old test of plug-in hybrid minivan and pickup trucks because their lithium-ion batteries are overheating.
Progress Slows in CAW-Chrysler Talks
9/25/2012The Canadian Auto Workers union says it probably it won't reach a tentative agreement on a new contract with Chrysler Group LLC until the end of this week.