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Car Sales Rise 3% in Germany, Plunge 22% in Spain
5/3/2012Automakers sold 274,100 passenger vehicles in Germany in April compared with 266,300 units in the same month of 2011, according to KBA, the country's motor transport authority.
Americans Buy Less Efficient Models as Fuel Prices Dip
5/3/2012The fuel economy of new vehicles sold in the U.S., which had improved over six months to a record high in March, worsened last month as gasoline prices eased, researchers at the University of Michigan Transportation Research Institute say.
Auto Sales Drop 11% in Brazil
5/3/2012Automakers sold 257,900 cars, trucks and buses in Brazil last month compared with 289,700 units in April 2011, according to dealer group Fenabrave.
U-Mich Engineering Students Aim for 3,300 mpg Car
5/3/2012A team of engineering students at the University of Michigan is finalizing work on a one-passenger car it says will be able to run 3,300 miles on a single gallon of gasoline.
Meritor Earnings Climb 18%
5/3/2012Meritor Corp. posted a $20 million net profit in the fiscal second quarter ended March 31 compared with $17 million in the same period of 2011.
Faurecia Buys Ford Trim Plant
5/3/2012Ford Motor Co. has agreed to sell its interior trim parts plant in Saline, Mich., to Faurecia SA.
Ford Sells Former Visteon Unit to Faurecia
5/3/2012Ford Motor Co. has reached a definitive agreement to sell its interior trim parts plant in Saline, Mich., to Faurecia SA for an undisclosed sum.
BMW, Hyundai to Partner on Engine Development?
5/3/2012BMW AG and Hyundai Motor Co. are discussing a possible tie-up to co-develop a new family of engines, according to Germany's Automobil Produktion.
BMW, Hyundai Discussing Engine Development?
5/3/2012BMW AG and Hyundai Motor Co. are discussing a possible partnership to co-develop a new family of engines, according to Germany's Automobil Produktion.
Faurecia Buys Former Visteon Unit from Ford
5/3/2012Ford Motor Co. has reached a definitive agreement to sell its interior trim parts plant in Saline, Mich., to Faurecia SA for an undisclosed sum.