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Economy Shrinks in Eurozone
8/14/2012Gross domestic product in the 17-country eurozone, which was flat in the first three months of 2012, contracted 0.2% in the second quarter, according to Eurostat, the European Union statistics agency.
Eurozone Economy Shrinks
8/14/2012Gross domestic product in the 17-country eurozone, which was flat in the first three months of 2012, contracted 0.2% in the second quarter, according to Eurostat, the EU statistics agency.
German Economic Sentiment Keeps Worsening
8/14/2012Optimism among analysts and institutional investors in Germany fell 5.9 points from July to an eight-month low of -25.5 in August, according to the sentiment index of the Mannheim-based Center for European Economic Research (ZEW). The August decline marks the fourth consecutive month-over-month drop in confidence.
Conti Buys U.S. Air-Conditioning Business
8/14/2012Continental AG's ContiTech unit has purchased the automotive air-conditioning operations of Ohio-based Parker Hannifin Corp. for an undisclosed amount.
Conti Acquires U.S. Air-Conditioning Business
8/14/2012Continental AG's ContiTech unit has bought the automotive air-conditioning operations of Cleveland, Ohio-based Parker Hannifin Corp. for an undisclosed amount.
This Phone App Knows When You’re Driving
8/14/2012University researchers say their new smartphone application can tell if the user is in the driver's seat and therefore limit phone services accordingly to reduce distraction.
Visteon Pays Ex-CEO $11.8 Million Severance
8/14/2012Donald Stebbins, who stepped down as Visteon Corp.'s CEO on Aug. 10, received about $11.8 million in cash and stock as severance pay, according to a company filing with U.S. securities regulators.
LaSorda Quits As Fisker CEO
8/14/2012Tom LaSorda, a former Chrysler Group chief, is stepping down as CEO of Fisker Automotive Inc. after less than six months in the job.
Ford to Recall 120,000 Cars in India
8/14/2012Ford Motor Co.'s Indian unit has begun repairing about 120,000 locally built Classic sedans and Figo hatchbacks with rear suspension and/or oil leak problems.
Auto Veteran LaSorda Leaves Fisker
8/14/2012Fisker Automotive Inc. says Tom LaSorda, a former Chrysler Group chief, is stepping down as CEO after less than six months in the job.