Give a company a serious crisis to deal with once in a while and it's amazing how much money it can save. Ford took $5bn of costs from Ford US last year while losing $1.9bn on that business in the last quarter.
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In relation to the movement of goods, the beginning of the 20th century could be seen as the golden age of rail freight. The beginning of the 21st century will be seen in decades to come as the equivalent in road freight transport. In terms of serving the needs of consumers in both the industrialised and the developing markets of the world, trucks in their great variety can be seen as the key link between physical goods and the consumer. This feature has been exclusively supplied to us from SupplierBusiness.
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Russian car maker GAZ Group is in a difficult situation and the government will discuss support measures on Tuesday next week, Russian Deputy Prime Minister Igor Shuvalov told reporters on Friday.
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Porsche Automobil Holding said it expects first-half operating profit at its core sports car business to decline sharply, but positive effects from its Volkswagen stake will ensure group pretax earnings grow. Porsche, which owns 50.
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Honda has posted a grim result for its third fiscal quarter ended 31 December with operating profit off 63% and net profit down almost 90%. The company cited falling vehicle sales and unfavourable currency exchange rates as the main reasons.
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Honda has posted a grim result for its third fiscal quarter ended 31 December with operating profit off 63% and net profit down almost 90%. The company cited falling vehicle sales and unfavourable currency exchange rates as the main reasons.
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German carmaker Volkswagen will axe 400 jobs in South Africa as it scales back production due to falling demand in its home market and for exports.
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This month's new vehicle sales (including fleet) in the United States are expected to be down 30.1% year on year to 730,000 units, analysts at Edmunds.com have forecast.
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Spain's government is studying plans to help its struggling car manufacturers. including postponing social security payments for up to five years, Spain's Cinco Dias newspaper reported on Friday.
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Honda Motor lowered its annual profit forecasts for a fourth time this year, while rival Toyota Motor's losses are growing as sliding global car sales force the industry to scale back production further.
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Fitch Ratings downgraded its ratings on Daimler and said it expects the car company's performance for this year and next to be much weaker than previously expected.
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Plunging sales in North America and Europe sent operating profit at Honda Motor Co. falling 63 percent in the third quarter, pushing the company to slash its outlook again. Honda now expects operating profit of 140 billion yen ($1.
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Allison Transmission has broken ground on a new India facility designed to meet growing global demand for Allison automatic transmissions.
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The family van from Honda seems to have grown somewhat. At least is sure
feels that way when you have seating for up to eight and some luggage space
left over. That's only on the inside. When you look at the outside, there are wheel flares that broaden front end and if you walk around to the front there is a grille that is dominated by the Honda "H".
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McLaren and Ferrari have demonstrated a new era of unity, co-staging a media dinner.
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Force India's Mercedes-powered 2009 car is still scheduled for a debut in March, according to technical director James Key.
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Ferrari has now modified the rear exhaust outlets of its new F60 single seater, after rivals expressed concern about the launch design's legality.
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Even though it was suggested, pit stops won't be banned after all, but the number of men working over the wall will be reduced from seven to five in the NASCAR Camping World Truck series.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up