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BorgWarner Boosts Earnings 27%
4/26/2012BorgWarner Inc. posted net income of $158 million in the first quarter compared with $125 million in the same period of 2011.
BASF Buys U.S. Maker of Lithium-Ion Battery Electrolytes
4/26/2012BASF SE has acquired Cleveland-based Novolyte Technologies, a specialty chemical company whose products include electrolytes for lithium-ion batteries, for an undisclosed sum.
Chrysler to End Finance Deal with Ally
4/26/2012Chrysler Group LLC says it has notified Ally Financial Inc. it will not renew their operating agreement when it expires at the end of April 2013.
Obama Campaign Slogan? Bid Laden Dead, GM Alive
4/26/2012Chrysler Group LLC and General Motors Co. would prefer that Americans forget about their $62 billion government bailout, which some consumer resented.
VW Quarterly Profit Soars 87%
4/26/2012Volkswagen AG nearly doubled its net earnings to €3.2 billion ($4.2 billion) in the quarter ended March 31 compared the year-earlier period.
Fiat Net Profit Surges on Chrysler Contribution
4/26/2012Fiat SpA netted €379 million in the first quarter of 2012 compared with €37 million a year earlier.
GM CEO Akerson Earned $7.7 Million in 2011
4/26/2012General Motors Co. paid CEO Dan Akerson $7.7 million of total compensation last year: a $1.7 billion salary and about $6 million in stock awards and other compensation.
Chrysler Contribution Saves Fiat from Net Loss
4/26/2012Fiat SpA netted €379 million ($500 million) in the first quarter of 2012 compared with €37 million ($49 million) a year earlier.
Mass-Appeal for EVs At Least a Decade Away
4/26/2012Senior auto industry powertrain executives say the high cost of electric vehicles will prevent EVs from surpassing 10% of the auto market until at least 2025, today's The Wall Street Journal reports.
Fed Hints of Future Economic Stimulus
4/26/2012Federal Reserve policymakers have agreed to leave the key overnight bank lending rate unchanged in a range of zero to 0.25% as it has since December 2008.