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GOP Report Blasts White House Fuel Economy Plan
8/12/2012A report by Congressional Republicans claims the Obama administration's proposed fuel economy rules for 2017-2025 are unrealistic and biased in favor of domestic carmakers.
Auto Suppliers to Make Fewer, Bigger Acquisitions
8/12/2012Auto parts makers are likely to agree to about 270 acquisitions worldwide this year compared to a record 303 deals in 2011, according to PricewaterhouseCoopers LLP.
330-hp Fiat 500!
8/12/2012G-Tech GmbH, a tuning company based in Stetten, Germany, has developed two heavily modified versions of Fiat's Abarth 500 city car, including one that delivers 330 hp to the front wheels, Leftlane News reports.
White House Mulls Waiving Ethanol Rule
8/12/2012The Obama administration is considering whether to suspend for 2012 a federal regulation that mandates the use of 15.2 billion gallons of biofuel into the nation's gasoline supply.The issue is the severe drought, which is likely to shrink America's corn harvest the main U.S. source of ethanol to a 17-year low.
GOP Lawmakers Attack Fuel Economy Plan
8/12/2012The Obama administration's proposed fuel economy rules for 2017-2025 are unrealistic and biased in favor of domestic automakers, according to a report released by Congressional Republicans.
Denso to Make Engine Control Units in Brazil
8/12/2012Denso Corp. will begin producing electronic engine control units for locally built vehicles in Brazil in September, The Nikkei reports.
JLR Operating Income Soars 46%
8/12/2012Tata Motors Ltd.'s Jaguar Land Rover unit boosted revenue 35% year over year to 3.6 billion (€4.6 billion) in the April-June period.
Tata Profit Rises 12%
8/12/2012Tata Motors Ltd. posted net earnings of 23 billion rupees ($406 million) in the quarter ended June 30 compared with 20 billion rupees a year earlier.
Magna Acquires Remaining Stake in E-Car
8/10/2012Magna International Inc. says it will pay US$75 million in cash to buy the remaining 27% of E-Car Systems it doesn't already own.