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Subaru appoints sales specialist as its new global president

The maker of Subaru-brand cars has tapped a marketing and sales specialist to be the company's new president and lead global automotive operations in the post-quake era. Yasuyuki Yoshinaga, 57, is currently an executive vice president at Subaru's parent company, Fuji Heavy Industries Ltd. He takes the title of president and COO, pending approval at the company's annual shareholders' meeting on June 24, Fuji Heavy said May 10.

Final second-generation Mini leaves production line

THE FINAL Mini hatchback of the current generation has left the production line in Oxford, after more than a million were made for customers around the world. There’s no time for production staff to rest, though, with assembly of the new Mini hatchback already under way alongside the many other Mini model derivatives. In total, more than 1.8 million hatchback Minis have been built at the factory since 2001, of which 1,041,412 were the currently outgoing model.

GM tipped to buy Tesla in 2014 - report

Tesla Motors Tesla has made a real splash in the electric-car scene, so it should come as no surprise that its success is generating renewed interest in the fledgling start-up. New media reports in the US suggest that one of America's biggest car makers, General Motors, is considering buying Tesla in 2014. Veteran auto industry analyst Yra Harris, of Praxis Trading, told CNBC that GM may make a bid for Elon Musk's electric vehicle (EV) specialist in the coming months.