President Barack Obama has decided to form a government task force to oversee the restructuring of the struggling U.S. auto industry instead of naming a "car czar" with sweeping powers, a senior administration official said on Sunday.
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Renault's planned 2012 launch of electric cars in Europe is based around the continuation of generous government purchase price subsidies and no new taxes on electricity used as vehicle fuel, a top executive said earlier this month.
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It's been a tough five months since Jean-Pierre Ploue took over as the first director of styling at PSA/Peugeot-Citroen.
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Italian premium brake-maker Brembo will lay off up to 1,840 workers as the auto sector downturn hits, pushing its fourth quarter to a net loss.
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Fiat is considering whether to export some Europe-built products to the US prior to starting local production there in mid-2011.
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President Barack Obama has decided to form a government task force to oversee the restructuring of the struggling U.S. auto industry instead of naming a "car czar" with sweeping powers, a senior administration official said on Sunday.
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The recession gripping the worldand#8217;s automakers hadnand#8217;t hit when product plans for many vehicles were hatched several years ago.
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Sales of the Volkswagen Golf were supposed to suffer last year ahead of the arrival of the new sixth-generation model last autumn.
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Audi dealers now are among the industry's most profitable. But Audi has traveled a "rocky road" with its U.S. dealers, Audi of America President Johan de Nysschen says. In 2007, Audi introduced a new margin and bonus system.
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Over the past six years, Audi has pushed hard to develop the Western market, says Reinhard Fischer, director of network management at Audi of America. It's starting to pay off.
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Rather than slashing the price or pouring on incentives, BMW is limiting the supply of its European-built X3 compact crossover to maintain profits until it shifts production to South Carolina.
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Four-cylinder engines will reign in Ford Motor Co.'s lineup. In a bid to boost fuel efficiency, Ford intends to double four-cylinder engine volume and offer a four-cylinder option for each car and crossover by 2013.
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Fiat may export some Europe-built cars to the United States to set the stage for possible U.S. production in mid-2011 under its proposed alliance with Chrysler LLC.
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Automotive Lease Guide is slashing projected residual values of 2009 models sold by all of Chrysler LLC's brands and half of General Motors' brands. The cuts reflect the brands' uncertain futures, the guide company says.
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Bob Lutz says General Motors' struggling Saturn brand probably won't survive. "My personal favorite would be to see Saturn survive and prosper," GM's vice chairman told Automotive News.
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Bob Lutz has some pithy advice for his successor, Tom Stephens: Don't return to the bad old days at General Motors, when budget-conscious accountants would "cut two inches off the tailpipe" to save $100.
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On Tuesday, Feb. 17, Chrysler LLC must present to the U.S. Treasury Department its plan for survival. But the company's survival and#x2014; plan or no plan and#x2014; is very much in doubt.
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Auto dealers can expect little help with their inventory financing from financial rescue and economic stimulus measures adopted by the Obama administration and Congress, industry analysts say.
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The battle among suppliers to develop the batteries that will power tomorrow's cars has just begun. And the current leaders won't be the winners at the end. So believes Wolf-Henning Scheider, Robert Bosch's president of gasoline systems.
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Citroen disappointed a lot of people earlier this month. Rumors were running wild that the French carmaker was bringing back its legendary DS line.
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