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CHATTANOOGA, TN-Volkswagen AG is ready to start hiring for its new Chattanooga assembly plant, starting with about 50 jobs related to purchasing and the start of construction.

VW spokeswoman Jill Bratina said the automaker will seek applicants for the "very specialized" jobs in weekend newspaper ads. MORE

FARNBOROUGH, England-Spiking fuel prices are hurting customers, but also boosting demand for new fuel-efficient jets. MORE

OSLO, Norway-An electric car in Norway called the “Think” may soon be coming to the United States. MORE

COLUMBUS, IN-Cummins Inc. is expanding production capacity in its diesel turbochargers division. The devices enhance fuel efficiency and are in high demand thanks to the federal air emission standards for trucks that having begun taking effect. MORE

ELIZABETHTOWN, KY-Dana Corp. is laying off 260 workers from the plant where it welds frames for the Ford F-150 truck. MORE

DETROIT-The massive consumer shift from big pickups and SUVs to fuel-efficient cars has cut the Big Three’s U.S. market share to just over 40 percent. MORE

TOKYO-Toyota is set to open a second factory in Brazil to make small car’s for that country’s booming domestic market. MORE

WOLFSBURG, Germany-Volkswagen has selected Chattanooga, TN, to be the site of its first vehicle assembly plant in the United States. MORE

BEIJING-South Korea’s STX Shipbuilding Co. plans to spend $3 billion to create a new ship building plant in China. MORE

DETROIT-General Motors Corp. is set to lay off salaried workers, cut truck production, suspend its dividend and borrow $2 billion to $3 billion to weather the current severe downturn in the U.S. market. MORE