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Little Progress on Global EV Charging System Standard
6/10/2012Support for least three regional regulations for electric vehicle recharging systems will thwart efforts to adopt a single global standard, says The Nikkei.
Passenger Vehicle Sales Jump 23% in China
6/10/2012Carmakers sold 1.3 million cars, SUVs and MPVs in China in May compared with 1 million a year earlier, according to the China Assn. of Automobile Manufacturers.
Car Sales Jump 23% in China
6/10/2012Automakers sold 1.3 million cars, SUVs and MPVs in China in May compared with 1 million a year earlier, according to the China Assn. of Automobile Manufacturers.
U.S. Trade Gap Shrinks 5%
6/10/2012America's trade deficit narrowed to $50.1 billion in April from $52.6 billion in March, as imports dropped more sharply than exports, the Dept. of Commerce reports.
Opel Aims to Boost Sales Outside Europe
6/8/2012General Motors Co.'s Adam Opel unit plans to boost sales in Australia, China, Russia, Turkey and other markets to offset weakness in its core European markets, says Handelsblatt.
Mahle Expands North American Headquarters
6/8/2012Mahle Industries Inc. has acquired a 50,000-sq.-ft. building adjacent to its headquarters in Farmington Hills, Mich., to help consolidate its North American corporate activities in North America.
Nexteer CEO Resigns
6/8/2012Robert Remenar has stepped down as president and CEO of Nexteer Automotive Inc. to become CEO of Diversified Machine Inc.
Reports: Saab Assets Sold to Asian Investment Group
6/8/2012A consortium of Japanese and Chinese investors has acquired the assets of bankrupt Saab Automobile AB, according to media reports in Sweden.
Chevy Volt Tweaks Battery Performance
6/8/2012General Motors Co. says changes in the battery system in the 2013 Chevrolet Volt have earned the extended-range hybrid slightly better range and fuel efficiency ratings from the U.S.
Navistar Lowers Outlook, Shakes Up Management
6/8/2012Navistar International Corp. has lowered its earnings forecast for the current fiscal year for the second time and reorganized its management after surprise quarterly loss.