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Shares in Peugeot Citroen surge on alliance disclosure; GM said to be potential partner
February 22, 2012PARIS - Shares in PSA Peugeot Citroen, Europe's second-biggest car manufacturer, surged after it said it was in talks with unnamed parties over possible industrial tie-ups.The company's disclosure came amid speculation that it is in discussions with U.S. car maker General Motors Co. over a partnership.Europe's number two car maker …
Honda recalling about 2,790 minivans in Canada to fix rear lift gates
February 22, 2012DETROIT - Honda is recalling 2,790 Honda Odyssey vans in Canada as part of a larger recall because the rear doors can fall on people unexpectedly — and have on at least two occasions in the U.S. The problem affects minivans from the 2008 and 2009 model years that have power …
Ford Motor to add $3.8B to pension plans this year; raises pay of directors
February 22, 2012DETROIT - Ford Motor Co. will pump $3.8 billion into its global pension plans this year as it tries to get them closer to fully funding their obligations.The company also raised the annual pay for its 16 directors by 25 per cent to $250,000, according to its annual report filed …
Holiday shoppers put wallets away in December, sales slump despite discounts
February 21, 2012OTTAWA - Canadian shoppers reined in spending before Christmas this year as retail sales slumped 0.2 per cent in December despite apparent deep discount sales from stores.The fall-off followed a revised 0.4 per cent pop in November, an indication that shoppers had both completed their Christmas shopping early and were …
Police in Toronto lay close to 10,000 charges in distracted driving blitz
February 21, 2012TORONTO - Toronto police say they have laid almost 10,000 charges during a week-long distracted driving blitz.That's up from close to 9,000 charged during last year's campaign.This year's blitz included 129 charges for a display screen visible to the driver and 1,705 charges for using a hand-held communication device.There were …
Veyance plant in Owen Sound to shut down three months earlier than scheduled
February 21, 2012OWEN SOUND, Ont. - Veyance Technologies Canada has struck a deal with its unionized workers to close its plant in Owen Sound, Ont., about three months earlier than scheduled.The company announced earlier this month that the plant was scheduled to close at the end of July, throwing almost 40 people …
US probes side air bag problems; recalls could expand beyond current 2,700 vehicles
February 21, 2012DETROIT - U.S. safety regulators are investigating a problem with side air bags that may fail to inflate in a crash. The problem already has caused recalls of more than 2,700 Toyota, Honda, Subaru and Nissan vehicles, but that number could grow if the National Highway Traffic Safety Administration determines that …
Electro-Motive strikes closeout deal with CAW, ratification vote Thursday
February 21, 2012LONDON, Ont. - Electro-Motive Canada says it has reached a tentative closeout deal for the "safe and orderly" shutdown of its locomotive manufacturing plant in London, Ont.The unit of U.S. heavy equipment giant Caterpillar Inc. (NYSE:CAT) said Tuesday the deal is subject to a ratification vote Thursday by 465 affected …
Westport and Cummins narrow joint venture deal for Cummins Westport
February 20, 2012VANCOUVER - Natural gas engine technology maker Westport Innovations Inc. (TSX:WPT) has changed a joint venture with Cummins Inc. to refocus on what could be strong growth in the North American market.The Vancouver company said late Monday the Cummins Westport venture will narrow its focus on developing new fuel-efficient engines …
Standout Lexus arrives at Woodhaven Toyota
February 17, 2012The 2013 Lexus GS 350, which arrived at Woodhaven Lexus Toyota yesterday, is a real standout. "The GS 350 is so different from what has come before," said Lexus sales manager Tom Strange. "It's a wonderful change. The GS is following in the footsteps of the LS model. We believe we're …