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Pagani, Mercedes-AMG say V12s are separate

Italian sports-car maker Pagani and Mercedes-AMG, the high-performance division of Mercedes-Benz, on Thursday said that the engine for the future Pagani C9 supercar is not the same engine used in the Mercedes-Benz SL65 AMG Black Series roadster. The unusual announcement--automakers typically don't comment on future-product programs--refutes reports about the Pagani C9's engine. In January, Road and Track magazine reported that the V12 for the C9 was derived from the V12 in the SL65 Black Series.

Ghosn wants to expand Daimler ties; calls alliance a ‘powerhouse'

With chatter swirling about potential expansion of the Renault-Nissan alliance, CEO Carlos Ghosn on Thursday put his support directly into expanding the automakers' relationship with Daimler AG. “We know we have a powerhouse,” Ghosn said in a media roundtable at the Paris auto show. “When you add the R&D of Renault, Nissan and Daimler, we are the largest in the industry,” Ghosn said.

AUTO SALES: GM, Ford, Honda, Toyota drag industry to 36% decline

General Motors, Ford Motor Co., American Honda and Toyota Motor Sales U.S.A. all reported sales declines of more than 31 percent in December as the U.S. auto industry capped its worst year since 1992.