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China Cuts Benchmark Interest Rate
6/8/2012China's central bank has lowered its key lending rate by one-quarter point to 6.31% in a bid to boost the country's slumping economy.
Has Saab Been Sold to EV Consortium?
6/7/2012A Sino-Japanese consortium, National Electric Vehicle Sweden AB, has acquired the assets of bankruptcy Saab Automobile AB, according to Swedish news media.
Audi Taps New CFO for U.S. Unit
6/7/2012Volkswagen AG's Audi unit has appointed Christian Schroth to become CFO of its American unit on Sept. 1.
Ford Revises Business Plan as Europe Slumps
6/7/2012Ford Motor Co. is revamping its five-year business plan to account for Europe's worsening debt crisis, Reuters reports.
Lotus Fires CEO Bahar
6/7/2012Group Lotus says it has fired CEO Dany Bahar after investigating a complaint about his conduct from DRB-Hicom Bhd, the company's Malaysian owner.
Lotus Fires CEO Bahar
6/7/2012Group Lotus says it has fired CEO Dany Bahar after investigating a complaint about his conduct from DRB-Hicom Bhd, the company's Malaysian owner.
Lotus Fires CEO Bahar
6/7/2012Group Lotus says it has fired CEO Dany Bahar after investigating a complaint about his conduct from DRB-Hicom Bhd, the company's Malaysian owner.
ZAP Jonway Co-CEO Quits
6/7/2012Electric vehicle maker Zap Jonway USA says Steve Schneider is "no longer" the company's co-CEO.
JCI Plans Battery Plant in China for Stop-Start Systems
6/7/2012Johnson Controls Inc. says it plans to erect a $200 million battery plant in Tianjin, China, to make advanced batteries for vehicles with stop-start systems.