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The Qoros 3 Sedan will go on sale in China in the second half and in Europe later in the 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
