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ZF Supplies 7-Speed Manual Transmission to Porsche
5/14/2012ZF Friedrichshafen AG says it borrowed from its seven-speed dual-clutch transmission architecture to create the industry's first seven-speed manual for passenger cars.
Smart Confirms Electric Scooter
5/13/2012Daimler AG's Smart city car unit says it will introduce a production version of its electric scooter in 2014.
Porsche: No Plan to Add Lower-Cost Sports Car
5/13/2012CEO Matthias Mueller says Porsche AG has dropped plans to develop a relatively inexpensive sports car for its lineup.
Ford Replaces European Manufacturing Chief
5/13/2012Ford Motor Co. says Michael Flewitt, its vice president of manufacturing in Europe since January, has left the company.
Incentives Expected to Save GM Plant in U.K.
5/13/2012General Motors Co. has been widely expected to close its assembly plant in Ellesmere Port, England.
Lower Fuel Prices Drive Down Wholesale Prices
5/13/2012The U.S. producer price index declined 0.2% from March to April, mainly because of a 1.4% drop in energy prices, the Dept. of Labor reports.
U.K. Plant Expected to Avoid GM’s Axe
5/13/2012General Motors Co. has been widely expected to close its assembly plant in Ellesmere Port, England.
Carroll Shelby Dies at Age 89
5/13/2012Carroll Shelby, the larger-than-life Texas race car driver who later created the iconic Shelby Cobra sports car and several Shelby Mustang coupes for Ford Motor Co., died on May 10 at age 89.
Ghosn: AvtoVAZ Should Divest Non-Auto Assets
5/13/2012Carlos Ghosn, CEO of the Renault-Nissan alliance that has agreed to buy a controlling stake in OAO AvtoVAZ, tells Bloomberg News that the maker of Lada cars should sell all assets not related to making autos.
Net Income More Than Doubles at Nissan
5/11/2012Nissan Motor Co. posted net income of 75.3 billion yen (€729 million) in the fiscal fourth quarter ended March 31 compared with 30.8 billion yen (€298 million) in the same period of 2011.