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PSA-Government Tensions Ease
7/23/2012CEO Philippe Varin and French Prime Minister Jean-Marc Ayrault met on Monday and appear to have softened their rhetoric about PSA Peugeot Citroen's plan to shed as many as 8,000 employees in France.
Supplier Optimism about Auto Outlook Wanes
7/23/2012Parts makers are less upbeat about the global auto industry now than they were in May, according to the Original Equipment Suppliers Assn.
KSPG Renames North American Piston Unit
7/23/2012Germany's KSPG AG has changed the name of its North American piston subsidiary from Karl Schmidt Unisia to KS Kolbenschmidt US Inc., effective this month.
SAE Debuts Alternative Powertrain Journal
7/23/2012SAE International is launching a new technical journal to showcase original research and review papers about electric, hybrid and other alternative powertrains.
Korean Pension Fund Blocks Visteon Buyout of Halla
7/23/2012South Korea's National Pension Service has declined to sell its 8.1% stake in Halla Climate Control Corp. to Visteon Corp., thus dooming the U.S. supplier's tender offer.
Continental, SK Innovation Launch Battery Company
7/23/2012South Korea's SK Innovation and Germany's Continental AG have formally launched a still-unnamed venture to develop and market lithium-ion batteries for electric vehicles.
Only 60% of U.S. Teens Have a Driver’s License
7/23/2012The proportion of American teenagers holding a valid driver's license has plunged from 80% in 1980 to about 60% in 2010, according to a University of Michigan study.
KSPG Renames North American Unit
7/23/2012Germany's KSPG AG has changed the name of its North American piston subsidiary, Karl Schmidt Unisia, to KS Kolbenschmidt US Inc., effective this month.
Toyota to Source Vans for Europe from PSA
7/23/2012PSA Peugeot Citroen has agreed to make commercial vans for Toyota Motor Corp. at a factory in Sevelnord, France, starting in the second quarter of next year but only if the plant's 2,700 hourly workers agree to concessions.