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Currency chills U.S.-made Audi

Audi has put on ice the option of manufacturing in the United States because of the euro's recent slide against the dollar. The decision against U.S. production means Audi, unlike sister division Volkswagen, isn't ready to design a car primarily for the United States.

GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).

Audi pulls plug on €40k A2 electric car

CAR can reveal that Audi has cancelled its electric A2 city car project, citing concerns over the model's projected €40,000 price tag. But the A2 is not the only Audi to be put on ice in Audi's electric car review. The A1 e-tron also looks to have been axed, as Audi slims down its future EV plans.