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German Prof Wins SAE-Timken Powertrain Award
5/10/2012Peter Tenberge, chair of machine elements at Germany's Chemnitz University of Technology, is this year's recipient of the SAE/Timken Automotive Transmission and Driveline Innovation Award.
Hollande to Fight Auto Job Cuts in France
5/10/2012French President-elect Francois Hollande vows to impose financial penalties on profitable companies that aim to boost their share price by dismissing workers.
UPDATE: Toyota Earnings Tumble 31%
5/10/2012Toyota Motor Corp. reported net profit of 283.5 billion yen (€2.7 billion) in the fiscal year ended March 31 compared with 408.1 billion yen (€3.9 billion) the previous year.
Magna Investors Seek to Kick Founder Off Board
5/10/2012Frank Stronach, the founder and former chairman of Canada's Magna International Inc., faces a re-election battle on Thursday at the company's annual meeting.
Honda Wins Reversal of Fuel-Economy Verdict
5/10/2012A Superior Court judge in Los Angeles has thrown out a small-claims court verdict of nearly $10,000 against Honda Motor Co. in a lawsuit filed by a Civic hybrid owner because her car averaged less than 42 miles per gallon.
Report Tracks Engine Downsizing in Europe
5/9/2012Carmakers began downsizing and turbocharging diesel engines a decade ago to meet emission standards in Europe.
Tesla Nearly Doubles Loss As Roadster Sales End
5/9/2012Palo Alto, Calif.-based electric car maker Tesla Motors Inc. reported a $90 million loss in the first quarter of 2012 compared with $49 million a year earlier.
Corvette to Pace Indy 500 Again
5/9/2012A 2013-model Corvette ZR1 will be the official pace car for the 96th running of the Indianapolis 500 race on May 27.
Germany Boosts Exports to Record High
5/9/2012German exports, which grew 1.5% month over month in February, increased 0.9% to a record €98.9 billion in March, according to Destatis, the country's statistics office.