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Nissan to build Mercedes engines in Tenn. plant

Nissan Motor Co. and Daimler AG said they have agreed to produce four-cylinder Mercedes-Benz gasoline engines at Nissan's Decherd, Tenn., engine factory from 2014 to be fitted on Mercedes-Benz and Infiniti models. Nissan and its alliance partner Renault SA have a wide-ranging agreement with Daimler to share vehicle and powertrain technologies.

Car insurance price fall is 'last hurrah'

THE PRICE of car insurance premiums is plunging, according to the AA. Average premiums fell 19.3% in the year ending June 30 2014 - the largest 12-month decrease since the AA index started 20 years ago. But the AA warned this could be the "last hurrah" for cheaper premiums and said the number of claims remained "stubbornly high" despite Government reforms to curb fraudulent injury claims.

Italian firm buys stake in Aston Martin

The former owner of Italian motorcycle maker Ducati has bought a 37.5-percent stake in financially strapped British car maker Aston Martin. The move means future Astons could use modern drivelines and electric architectures from Mercedes-Benz's AMG division, insiders with knowledge of the deal suggest. Private equity fund Investindustrial has signed a memorandum of understanding with current Aston Martin owner Investment Dar of Kuwait that will see it pay $240 million (150 million pounds) for the ownership stake.