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China Invests in Developing Alternative-Energy Vehicles
5/29/2012China's finance ministry says the country's central government will spend as much as 2 billion yuan ($315 million) per year to help develop more fuel-efficient vehicles.
Former GM Tech Chief Mair Dies
5/29/2012Alex Mair, who once headed General Motors Co.'s technical staffs, died on Sunday in Florida.
U.S. Consumer Confidence Falls to Eight-Month Low
5/29/2012Americans are less upbeat about economic conditions now than they have been since last August, according to the New York City-based Conference Board.
U.S. Turbocharger Market to Jump 45% This Year
5/29/2012Sales of turbocharged vehicles will surge to 3.2 million units this year from 2.2 million in 2011, predicts Honeywell International Inc.
Jaguar Land Rover Boosts Tata Profit
5/29/2012Tata Motors Ltd. posted net earnings of 62 billion rupees ($1.1 billion) in the fiscal fourth quarter ended March 31 compared with 26 billion rupees ($474 million) a year earlier.
Tata Boosts Spending for New Jaguar, Land Rover Models
5/29/2012India's Tata Motors Ltd. says it will invest £2 billion (€2.5 billion) in new products for its Jaguar and Land Rover luxury brands, up from £1.5 billion (€1.9 billion) in 2011.
Unions to French President: Stop GM, PSA Plant Closings
5/29/2012Union leaders in France met with new President Francois Hollande on Tuesday to demand he deliver on his campaign promise to save jobs by immediately halting impending factory shutdowns.
Labor Presses French President to Stop Plant Closings
5/29/2012Union leaders in France met with new President Francois Hollande on Tuesday to demand he deliver on his campaign promise to save jobs by immediately halting impending factory shutdowns.
SAIC OKs Sale to GM of 1% Stake in Venture
5/29/2012Shanghai Automotive Industry Corp.'s board has approved selling back to General Motors Co. a 1% stake the operations of their joint venture for $91 million.
China to Revive “Cash-for-Clunkers” Program
5/29/2012China's cabinet has agreed to reinstate financial incentives for consumers who trade older vehicles for new, more fuel-efficient models, according to Bloomberg News.