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The Toyota FT-86 Open concept previews a possible convertible version of the GT86/ Scion FR-S coupe that was launched last year.
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
