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BEIJING – Loss-making French carmaker PSA Peugeot Citroen is getting a three billion-euro ($4.1 billion) lifeline backed by Chinese language traders and the French taxpayers in a deal that can see the company’s founding family hand over management after greater than two centuries at the helm. Volkswagen AG reached a objective it held dear since 2009 – to become the world’s largest automaker. As compared, it built 319,536 of them in the US. Earlier versions of the Cruze bought in Mexico have been made in a GM facility in South Korea.

Detroit-primarily based GM was the top-selling automaker for greater than seven a long time until Toyota, which makes the Camry sedan, Prius hybrid and Lexus luxurious models, surpassed it in 2008. After the Great Despair had subsided, only twelve automakers in Germany survived.automaker

Trump may give six months discover to Canada and Mexico that he needs out of NAFTA. …