Headlines for Tuesday, January 1, 2013

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VW, Nissan, others look to tap growing demand for budget cars

12:01 am U.S. ET | Jan. 1, 2013
VW's desire to launch a low-cost brand and Nissan's plan to sell Datsuns for as little as 2,300 euros underline the rising interest from automakers to tap demand for budget cars in fast-growing markets to offset falling sales in mature, stagnant markets such as Europe.