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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

INDIANAPOLIS-An annual report from the Consulate General of Japan in Chicago shows Indiana is the top state in the Midwest when it comes to the number of jobs created by Japanese companies. MORE

LONDON-The cost of producing goods in England increased more than 2 percent last month, primarily as a result of energy prices. MORE

NEW DEHLI, India-India's inflation rate at the end of June was the fastest since 1995. MORE

WASHINGTON-Fewer people signed up for unemployment benefits last week, but the dip was not enough to overcome continuing weakness in the country's labor market. MORE

JAKARTA, Indonesia-The Indonesian government is requiring some manufacturers to shift production to weekends reduce peak energy demand during the week and stave off an electricity crisis. MORE