Headlines for Thursday, December 27, 2012
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Infiniti will take longer to meet European sales targets
Infiniti has scaled down its ambitions for Europe in the wake of the region's economic slump. Nissan's luxury brand will likely take longer than 2016 to meet its goal of 100,000 annual vehicle sales in Europe, Infiniti President Johan de Nysschen said. Read More »
Toyota Europe reconfirms it will be profitable this year
Toyota Europe's boss reconfirmed that the company's automaking operations will make money for the first time in five years. Read More »
Porsche wins dismissal of hedge fund lawsuit over VW
Porsche Automobil Holding SE won the dismissal of a New York lawsuit by 26 hedge funds that accused the German automaker of causing more than $1 billion of losses by cornering the market in Volkswagen AG shares. Read More »
Audi plans to spend $17 billion on expansion in pursuit of BMW
Audi plans to spend 13 billion euros ($17 billion) through 2016 to develop new cars and expand production capacity as it pursues BMW's lead. Read More »
