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Dauch Named to Succeed Father as American Axle CEO
8/29/2012American Axle & Manufacturing Holdings Inc. has appointed David Dauch, its president and COO, to become CEO on Sept. 1.
DuPont Near Sale of Auto Paint Unit to Carlyle Group
8/29/2012Washington, D.C.-based Carlyle Group LP is close to cinching a deal this week to buy DuPont Co.'s automotive paint unit for about $4.8 billion, Reuters says, citing anonymous sources.
Third-Generation Mazda6 Debuts
8/29/2012Mazda Motor Corp. tapped the Moscow auto show this week to unveil its completely redesigned Mazda6 sedan.
GM Shuts Louisiana Factory
8/29/2012The final Chevrolet Colorado pickup truck rolled off the line at General Motors Co.'s assembly plant in Shreveport, La., marking the end of production at the 31-year-old facility.
Volkswagen to Boost Powertrain Output in China, Russia
8/29/2012Volkswagen AG says it will invest €250 million ($313 million) to erect an engine plant in Kaluga, Russia, and €300 million ($376 million) for a new transmission plant in Tianjin, China.
U.S. Finalizes Fuel Efficiency Targets
8/28/2012Fuel economy averages for U.S. light vehicles produced during the 2017-2025 model years will nearly double to 54.5 mpg under two phases of regulations set by the Environmental Protection Agency and National Highway Traffic Safety Administration.
Cadillac Aims to Jostle Rivals for U.S. Luxury Lead
8/28/2012General Motors Co.'s Cadillac unit expects to nearly double its annual sales to 294,000 vehicles within two years.
Ferrari Predicts Record Sales This Year
8/28/2012Fiat SpA's Ferrari supercar unit expects its sales in 2012 to surpass the record-high 7,200 vehicles it delivered last year, Automotive News Europe reports.
Stricter Fuel Efficiency Rules Finalized in U.S.
8/28/2012The Obama administration has issued fuel economy standards for the 2017-2025 model years that will nearly double the average efficiency of new cars and light trucks sold in the U.S. over the next 13 years to 54.5 miles per gallon.