Headlines for Saturday, April 27, 2013

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GM's Akerson, Ally's Carpenter have pay, bonuses frozen by U.S.

9:22 am U.S. ET | April 27, 2013
The Treasury Department froze some 2013 pay for top executives at General Motors and Ally Financial, two companies yet to repay money received under special bailout terms during the financial crisis.

VW may cut temporary staff in Europe, Winterkorn says

April 27, 2013 12:39 CET
Volkswagen may cut temporary posts in response to Europe's weak market but won't close factories or reduce its permanent work force, CEO Martin Winterkorn said.

UK's rising car sales may reveal nation's problems

April 27, 2013 06:01 CET
UK car sales are rising while those in other major European markets are falling steeply but the bright spot is due to special circumstances and it may not last.

Renault hopes for China plant approval by summer

April 27, 2013 12:59 CET
Renault hopes to receive final approval from Beijing by the summer to build its first plant in China, CEO Carlos Ghosn said.

Canada's grasp on auto investments wanes as loonie strengthens

12:01 am U.S. ET | April 27, 2013
Within the past five years, GM moved the production of its trucks and Buick LaCrosse sedan in Oshawa, Ontario, to the United States. While the 323-horsepower Camaro is still made in Canada, GM said the next generation of its top-selling sports car will be built in Lansing, Mich.

In Germany, incentives rise to combat falling car sales

12:01 am U.S. ET | April 27, 2013
With the German auto market in free fall, at least one dealer is offering Groupon coupons to boost sales.

German Ford dealer offers Groupon coupons to combat falling car sales

April 27, 2013 06:01 CET
With the German auto market in free fall, at least one dealer is offering Groupon coupons to boost sales.

Automotive News
Special Video Report
Nissan's Munoz on dealers: 'You grow or you go'

Nissan's Munoz on dealers: 'You grow or you go'

Nissan North America Chairman Jose Munoz has a tough goal to meet: Raise the combined U.S. market share of Nissan and Infiniti from 8.4 percent to 10 percent by March of 2017.
» Watch the Video
     
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