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Opel Restructuring Deal Could Be Three Months Away
5/8/2012Adam Opel labor leader Wolfgang Schaefer-Klug tells reporters that the company could have an agreement with its unions about a turnaround plan in two to three months.
Fire Damages Hyundai Plant in China
5/8/2012Hyundai Motor Co. says the paint shop caught fire at one of its two assembly plants in Beijing, China, on Tuesday, disrupting the factory's output, The Wall Street Journal reports.
Toyota to Add Engine Capacity in U.S.
5/8/2012Toyota Motor Corp. says it will spend about $30 million to expand four-cylinder engine output at its factory in Georgetown, Ky., by August 2013.
Toyota to Add Engine Capacity in Kentucky
5/8/2012Toyota Motor Corp. says it will spend about $30 million to expand capacity to build four-cylinder engines at its factory in Georgetown, Ky., by more than 100,000 units by August 2013.
Ford to Shorten Summer Break to Hike Output
5/8/2012Ford Motor Co. says it will reduce the July shutdown at 13 of its North American factories to one week from two as part of its plan to boost output this summer by 40,000 vehicles.
Audi Debuts Three New Engines for A3 Hatchback
5/8/2012Volkswagen AG's Audi unit has unveiled a trio of new turbocharged four-cylinder engines that are more powerful and efficient than the powerplants they replace.
Two More Crossovers For VW?
5/7/2012Volkswagen AG plans to add two small crossovers to its lineup in the next few years, according to Handelsblatt, which cites unidentified company sources.
Toyota to Slash Exports to U.S.
5/7/2012Toyota Motor Corp. plans within a few years to end its practice of shipping models from Japan to North America if those models also are built in the region, Automotive News reports.
GM, Ford Move Up in Fortune 500
5/7/2012General Motors Co. ranks fifth among companies in the 2012 Fortune 500 list, up from eighth last year.
Porsche SE Profit Plunges 53%
5/7/2012Porsche Automobil Holding SE, the company that controls Volkswagen AG and sports car maker Porsche AG, netted €327 million in the first quarter of 2012 compared with €691 million in the same period a year earlier.