The federal state of Lower Saxony, home to Continental AG, has said the Schaeffler family should drastically cut its stake in Conti to around 10% according to a media report.
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UAW members at a key Ford Motor Co. assembly plant have approved a new concessionary agreement by a wide margin, according to a posting today on the Web site of UAW Local 900 in Wayne, Mich.
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Volkswagen has reported 2008 net profit up 14% to EUR4.75bn. "We met our target and surpassed our record results for 2007 even though conditions were tougher," chairman Martin Winterkorn said in a statement.
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Parts makers need strong nerves and a steady hand. According to some expert witnesses, the closure of unwanted US auto component capacity will start in earnest this month (March) or April at the latest. For Europe it's June.
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High-tech features and luxury options will push the redesigned Toyota Prius into new territory--namely, $30,000-plus.
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As Audi expands its A5 and S5 family of vehicles, it's shrinking their engines. The new S5 Cabriolet, which reaches U.S. dealerships this fall, will be offered with a 2.0-liter turbocharged engine, among other powertrain configurations.
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Holland's largest motor show - AutoRAI 2009 - will be held at the Amsterdam RAI Exhibition Centre from 1 to 11 April and the organisers are upbeat about prospects for the show based on its new format.
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High-tech features and luxury options will push the redesigned Toyota Prius into new territory -- namely, $30,000-plus.
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Economic slump and future emissions rules mean end for badge
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Toyota and Honda, Japan's top two automakers, are eyeing production cuts of at least 10 percent in the next fiscal year. They expect to balance their global inventories by June. Toyota Motor Corp.
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Toyota and Honda, Japan's top two automakers, are eyeing production cuts of at least 10 percent in the next fiscal year. They expect to balance their global inventories by June. Toyota Motor Corp.
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After-tax profit at Volkswagen Group rose 14 per cent in 2008 to 4.7 billion euros (5.9 billion dollars) before the automotive market turned sour, Europe's biggest carmaker said today.
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After-tax profit at Volkswagen Group rose 14 per cent in 2008 to 4.7 billion euros (5.9 billion dollars) before the automotive market turned sour, Europe's biggest carmaker said Monday.
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Renault on Monday unveiled a concept for a coupe crossover concept from its Romanian subsidiary, Dacia.
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Renault on Monday unveiled a concept for a coupe crossover concept from its Romanian subsidiary, Dacia.
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The German government has reacted cautiously on the question of state aid for Opel, which the unit will be asking for in a detailed document due to be submitted today.
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Audi is bucking the trend among luxury automakers who are churning out hardtop convertibles, as the new A5/S5 cabriolets that will reach these shores in October will be the old-fashioned, soft-top design.
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Audi is bucking the trend among luxury automakers who are churning out hardtop convertibles, as the new A5/S5 cabriolets that will reach these shores in October will be the old-fashioned, soft-top design.
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