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GM to invest $2 billion in 17 plants

General Motors said Tuesday that it will invest about $2 billion in 17 plants across eight states in the United States. "We are doing this because we are confident about demand for our vehicles and the economy," GM CEO Dan Akerson said in a statement. Akerson made the announcement at GM's transmission plant in Toledo, along with Ohio Gov.

Ferrari California T (2014) first official pictures

By Ollie Kew First Official Pictures 12 February 2014 13:30 Any new Ferrari is a big deal in the car world, but this new Ferrari California T is extra-special. Not only have the Italians finally morphed the ugly duckling of the range into something rather sleeker, it's boosted by turbochargers. That's the reason for the 'T' suffix on the California T's name, and makes this the first forced-induction Ferrari since the iconic F40 supercar.

Toyota talks powertrain plans

After trailing many of its competitors in the recent engine- and transmission-technology wars, Toyota Motor Corp. will launch a swath of powertrains in the next several years, a top powertrain r&d executive said. Koei Saga, senior managing officer in charge of drivetrain r&d, said that Toyota is investing heavily in turbocharged engines, larger displacement Atkinson cycle engines, continuously variable and fixed-gear automatic transmissions, and new hybrid and fuel cell technologies.