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VW Mulls New Plant in Central China
7/11/2012Volkswagen AG is considering erecting an assembly plant in the central Chinese city of Wuhan with joint venture partner FAW Group Corp., according to the Hubei Daily.
Report: EV Battery Prices Will Drop 70% by 2025
7/11/2012Lithium-ion batteries for electric and hybrid cars currently cost $500-$600 per kWh.
Audi EV Sets Speed Record at Nurburgring
7/11/2012Volkswagen AG's Audi unit says its R8 e-tron electric supercar set a new EV lap record for electric passenger vehicles of 8:09.1 minutes around Germany's famed 12.9-mile Nurburgring.
UAW Retiree Trust Hires New Investment Chief
7/11/2012Kenneth Frier, a former investment manager for Stanford University and Hewlett-Packard Co., has been appointed chief investment officer of the United Auto Workers union's Retiree Medical Benefits Trust, effective Aug. 1.
Chevy Offers No-Haggle Pricing on Outgoing Models
7/11/2012General Motors Co.'s Chevrolet brand will offer no-haggle pricing on 2012 model-year vehicles in a bid to make room on dealer lots for incoming 2013 models.
"Smart" Headlight System Sees through Heavy Rain, Snow
7/10/2012Researchers at Carnegie-Mellon University have developed a headlamp system that analyzes falling raindrops and alters its beam to shine between them.
Car Sales Rise 8% in India
7/10/2012Sales of new passenger vehicles in India climbed to 155,800 units in June from 143,900 units a year earlier, according to the Society of Indian Automobile Manufacturers.
Researchers Claim 20x Boost in Biofuel Energy Recovery
7/10/2012Two researchers at Michigan State University says it has developed a biofuel production process that can recover at least 35% of feedstock energy 20 times the result for other techniques.
BMW to Develop Hybrid Car Components Sans PSA
7/10/2012BMW AG tells Bloomberg News it will continue an electric powertrain project launched last October even as it moves to dissolve the two-year-old alliance with PSA Peugeot Citroen that created it.
PSA Confirms Plan to Sell Majority Stake in Gefco Unit
7/10/2012PSA Peugeot Citroen says it will sell more than 50% of its Gefco logistics unit to an unidentified investor, confirming news reports in recent months.