WASHINGTON - The fleet of new cars and trucks sold to U.S. consumers averaged 21 miles per gallon (9 kilometres per litre) in the 2008 model year, a modest increase over the previous year, the Environmental Protection Agency reported Friday.
FRANKFURT, Germany - German carmaker Volkswagen AG says it will buy some assets of German contract carbuilder Karmann GmbH to create a new manufacturing subsidiary.
FRANKFURT, Germany - German carmaker Volkswagen AG said Friday its supervisory board had approved certain agreement contracts for the planned merger with German sportscar builder Porsche, taking the companies one step closer to completing the deal.
MISSISSAUGA, Ont. - GE Canada says it will spend up to $100 million over the next five years to upgrade design, production and process capabilities at its Peterborough, Ont.-based industrial motor factory.
MOSCOW - Former NATO chief George Robertson and movie actress Michelle Yeoh are among a group of road safety advocates urging world leaders to treat road accidents as though they were a killer disease.