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Fiat and Chrysler to build 3 Jeep models in China for local market

ROME - Fiat and Chrysler announced plans Saturday to build three new Jeep models in China for that market, the biggest for the vehicles outside the United States, as they attempt to boost sales in a country where they lag behind their competitors. The automakers said they will expand their joint venture with China's Guangzhou Automobile Group Co. Ltd., and increase the portfolio of Jeeps, which are currently imported to China.

VW has agreed budget car concept, design: manager

BEIJING (Reuters) - Volkswagen <VOWG_p.DE> has agreed the basic concept and design of a budget car for emerging markets, a VW manager told Reuters, nearing the project's completion after a long struggle to meet cost targets for the vehicle. Europe's largest carmaker has been trying for more than a year to hit internal cost goals for the model, which would likely sell for between 6,000 euros ($8,300) and 8,000 euros and be built in China, the biggest market for low-cost cars.

VW aims for double-digit growth in China

German carmaker Volkswagen is targeting double digit sales growth in China this year and will launch two new hybrid cars in the world's leading auto market, the group's chief said on Saturday. "For 2014 we have once again set our sights on double-digit growth in China and are aiming to deliver more than 3.5 million vehicles to customers for the first time in a calendar year," Martin Winterkorn, said in a statement released in Beijing. Volkswagen sales already jumped 16.2 percent in China in 2013.

Security threat reported on Detroit-Denver Delta flight

By Keith Coffman DENVER (Reuters) - A Delta Airlines flight that landed at a Denver airport was directed to a remote airport taxiway after an unspecified "potential security threat" onboard and passengers were ushered off the plane and were being interviewed by authorities, officials said.

Fiat-Chrysler to produce iconic Jeep in China from 2015

Automaker Fiat-Chrysler said on Saturday that it would begin producing the iconic American brand Jeep in China from 2015 to meet demand in the world's largest car market. Fiat-Chrysler -- created by Italy's Fiat acquiring Chrysler of the United States -- will produce three Jeep sport utility vehicle (SUV) models in China, including one specifically designed for the Chinese market, the company said in a statement. The announcement came ahead of the Beijing auto show, which opens to the public on Monday, as global automakers flock to China to show off their latest models.

Auto airbag maker Continental named in GM recall suit

By Jessica Dye (Reuters) - Plaintiffs' lawyers are seeking to draw Continental Automotive Systems U.S., the maker of airbag systems in recalled General Motors Co <GM.N> vehicles, into litigation over an ignition-switch defect that has been linked to 13 deaths. A lawsuit filed on Wednesday in federal court in California is the first to name Continental, a subsidiary of German automotive supplier Continental AG <CONG.DE>, in a growing wave of litigation over GM's recall, which has so far encompassed 2.6 million vehicles.

Renault to invest $222 mn producing new models in Brazil

Rio de Janeiro, Apr 18 (EFE).- French automaker Renault announced that it will invest 500 million reais ($222 million) over the next five years in the production of two new models at it plant in Sao Jose dos Pinhais in the southern Brazilian state of Parana. Renault also announced the construction of a distribution center for vehicle parts at Quatro Barras, Parana, with an investment of 240 million reais ($106 million) in the next 10 years, an amount that will include operating costs, according to a commmunique.

Mazda recalling 109,000 older Tribute SUVs to fix frame rust problem

DETROIT - Mazda is recalling 109,000 Tribute SUVs in cold-weather states to fix rusting frame parts. The recall covers SUVs from the 2001 through 2004 model years. Mazda says in documents filed with U.S. safety regulators that the frame can rust and a wheel control arm can separate from it. That could result in a loss of steering control. The SUVs were originally sold or registered in 20 states and Washington, D.C., where salt is used to clear snow and ice from roads.

Audi expects to sell half million cars in China this year

By Norihiko Shirouzu BEIJING (Reuters) - Volkswagen's <VOWG_p.DE> luxury division Audi plans to sell about half a million cars this year in China, the world's biggest auto market, and raise the number of its Chinese dealers to 500 by 2017. The German automaker hopes its car sales will exceed 500,000 this year, executives told reporters on Friday before the Beijing auto show, which opens on Sunday.

Italy sells luxury state cars on eBay

Italy's government on Friday said it had raised 371,400 euros ($513,200) so far in an eBay auction of luxury official cars in a symbolic effort to cut outrageous spending by ministries that has sparked public anger. The 52 cars sold were being used by the police, the fire brigade and the defence ministry and included five BMWs and two Audis, the government said in a statement. "The average final price was 7,142 euros," it said.
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