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Jun
15th

Chrysler to invest $114M, reopen part of shuttered Mich. engine plant

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Chrysler Group said it will invest $114 million to reopen a portion of a Michigan engine plant to build parts for a nearby engine factory.
Jun
15th

Supplier’s former execs plead guilty to fraud for using cheaper plastics

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The owners of a suburban Detroit auto supplier have pleaded guilty to federal criminal fraud charges in a case U.S. officials said will serve as a deterrent to other firms looking to cut costs by using cheaper plastic resins.
Jun
15th

AUTOWEEK TV: Student auto technicians compete for $12 million in scholarships:

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Also in today's show: BMW has a hot new M5, Nissan kills the Altima hybrid and Tony Stewart and Lewis Hamilton swap rides.
Jun
15th

2012 Buick Regal GS rated at 270 hp:

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This is a heady title: highest specific output of a General Motors production engine. Ever. Better than any Corvette, Cadillac or Camaro or anything else GM has produced in the last century.
Jun
15th

First Look: 2012 BMW M5

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First Look: 2012 BMW M5
2012 BMW M5 - First Look - Automobile Magazine
Four doors and a 555-hp punch.

For the first time since its inception in 1984, the BMW M5 is arriving with turbochargers. The move might seem like heresy for a brand known for high-revving engines, but recall that M Division has already applied forced induction to the 1 Series M Coupe, X5 M, and X6 M. Switching to a smaller, more advanced powertrain means the new M5 can deliver 30-percent better fuel economy than its predecessor, while boasting 10 percent more power and 30 percent more torque.


Photo Gallery: 2012 BMW M5 - First Look - Automobile Magazine


Jun
15th

FRANCE: PSA Peugeot Citroen and partners to trial Brittany EV programme

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PSA Peugeot Citroën is to partner with the Brittany Region, Rennes Métropole and the Ille-et-Vilaine General Council to a trial EV programme to support the local automotive industry.
Jun
15th

GERMANY: BYD signs aggreement to supply electric buses

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BYD Company Limited (BYD) has signed a Letter of Intent ("LOI") with the city of Frankfurt, Germany, to introduce BYD's all-electric long-range eBUS.
Jun
15th

SWEDEN: Saab quiet on suppliers’ debt enforcement bid suggestion

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Saab is remaining tight-lipped concerning suggestions up to 54 of its suppliers may have approached an enforcement agency to recover debt.
Jun
15th

Honda CR-Z Mugen 197bhp on video

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See Honda's hybrid coupé go hyper thanks to a supercharger


Jun
15th

Honda CR-Z Mugen 197bhp on videoo – Honda CR-Z Mugen 197bhp on video

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See Honda's hybrid coupé go hyper thanks to a supercharger


Jun
15th

US: Volvo Buses secures New York order for 328 vehicles

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Volvo Buses has secured an order for 328 articulated buses for New York through its subsidiary Nova Bus in a deal valued at US$231m.
Jun
15th

JAPAN: Toyota in joint project to install wind turbines in Belgium

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Toyota Motor Europe (TME) is to participate in a joint project with Evelop Belgium, a subsidiary of Dutch energy group, Eneco, to install wind turbines on the grounds of TME's Vehicle Logistics Centre in Belgium.
Jun
15th

JPMorgan Chase to pay $27M in auto lending settlement

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JPMorgan Chase agreed to pay $27 million to settle U.S. allegations that the bank's auto lending unit used high-pressure sales tactics and false statements to sell products.
Jun
15th

US: Ford adds International Automotive Components to Aligned Business Framework

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Ford has added International Automotive Components (IAC) Group to its Aligned Business Framework (ABF).
Jun
15th

US: Cable hails Ricardo low-carbon initiatives

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UK Business Secretary Vince Cable has hailed Ricardo's low-carbon initiatives as a way to create "huge opportunities" for jobs and emissions reduction.
Jun
15th

Daimler-Renault alliance to delay new Smart and Twingo models, report says:

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Renault SA and Daimler AG, who are sharing technology to build the new Smart ForTwo and Renault Twingo cars, will delay the introduction of the models by a year, according to a French newspaper.
Jun
15th

GERMANY: GM boss reassures Opel about sell-off rumours: report

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General Motors CEO Dan Akerson has called the head of Opel in Germany to reassure him the company's European arm is not up for sale, according to a report in Germany's business daily Handelsblatt.
Jun
15th

COMMENT: Antonov pulls Saab property offer – will he return?

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Saab is still there, still fighting, but the news Russian businessman Vladimir Antonov has pulled his proposal to buy Saab property is yet another twist in the automaker's tortuous saga.
Jun
15th

VW, GAZ sign deal to build VW brand, Skoda in Russia

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Volkswagen and Russia's GAZ Group signed an agreement to begin assembly of the German automaker's VW and Skoda brands at the GAZ plant in Nizhny Novgorod, Russia.
Jun
15th

2012 BMW M5 revealed in production trim:

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The wraps have been torn off the fire-breathing 2012 BMW M5. And, as expected, the Bavarian luxury maker is going in a different direction under the hood.
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