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While developed mainly for the Chinese market, Honda notes that the Concept S mass-market people carrier will be a global model. It's unclear if the model will reach the United States. The Concept S has a hybrid powertrain.
PSA will close r&d site to reduce spending
Marchionne apologizes for 'wop engine' comment
Daimler may sell company-owned German dealerships to cut costs
Toyota overtakes BMW as most valuable global car brand
Former Saab CEO Jonsson, two other execs arrested on tax charges
