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Ex-Volvo Cars COO to Head Ford South America Unit
5/2/2012Ford Motor Co. has appointed Steven Armstrong, COO of Getrag Ford Transmissions in Germany, to become president of its Brazil and Mercosur unit on June 1.
GM Reportedly Sought Control of Isuzu
5/2/2012General Motors Co. proposed buying more than one-third of Isuzu Motors Ltd. but scaled back its goal to a smaller stake when the Japanese company objected to the size of the original offer, Reuters reports.
Canada’s Auto Sales Dip 1%
5/2/2012Light vehicle sales in Canada edged down to 157,800 units in April from 159,900 units a year earlier, according to DesRosiers Automotive Consultants Inc.
Lingenfelter Camaro Tops 200 mph
5/2/2012A ZL1 Chevrolet Camaro modified by Lingenfelter Performance Engineers hit a speed of 203 mph last week at Continental Tire North America Inc.'s proving ground in Texas.
TRW Hikes Revenue Outlook Despite 27% Profit Slide
5/2/2012TRW Automotive Holdings Inc. says higher taxes and spending on expansion shrank its first-quarter income to $206 million from $281 million in the same period of 2011.
Carmakers, Suppliers Agree on Resin Validation Plan
5/2/2012Major carmakers and suppliers have agreed on a plan to quickly validate alternates to PA-12 resin, a critical material in fuel and brake systems that is expected to remain in short supply until late this year.
Croatian EV Supercar Poised for Production
5/2/2012Zagreb, Croatia-based Rimac Automobil says it expects to begin building 88 of its Concept One electric supercars next year.
Fate of European Ford Plants Depends on Market
5/2/2012Ford Motor Co. will evaluate the future of its factories in Europe if the region's auto sales remain weak, Bloomberg News reports.
U.S. Auto Sales Edge Up 2%
5/2/2012Carmakers sold 1.18 million cars and light trucks in the U.S. last month compared with 1.16 million units in April 2011, according to Autodata Corp.