Truck and machine manufacturing group MAN has achieved its 2008 financial goals, and increased turnover and profits, head Hakan Samuelsson said.
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France is preparing to provide further government support for its domestic automotive industry.
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Two banks have taken a combined stake of almost 36% in the German supplier auto industry supplier Continental.
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German bank B. Metzler seel. Sohn and Co Holding AG and Merrill Lynch have taken combined voting stakes of 35.75 percent in Continental AG , the German automotive supplier said on Wednesday. Metzler has built a 19.
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Super Jag blasts it way into the record books.
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Surprise Lincoln concept shows that US luxury cars don't always have to big...
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Detroit Motor Show news, VW's BlueSport Speedster, Alfa's mighty MiTo driven, new Merc E-Class and Jaguar XFR revealed
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Toyota Motor Corp said on Wednesday its some 2,200 general managers may buy Toyota cars by the end of the financial year on March 31 in a voluntary effort to help minimise its earnings deterioration.
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Russian automaker Sollers plans to buy the production rights for three Ssangyong SUV models, a local report said.
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Peugeot has unveiled its new 3008 crossover, which will make its public debut at the Geneva auto show in March. The SUV-styled model will go on sale in Europe starting in the summer.
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Dacia in Romania could axe up to 4,000 jobs if sales at the low-cost car maker don't recover sufficiently, its French owner Renault said.
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Dacia in Romania could axe up to 4,000 jobs if sales at the low-cost car maker don't recover sufficiently, its French owner Renault said.
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Auto parts supplier Visteon Corp. forecast a steep drop in fourth-quarter sales on Tuesday and said it is freezing salaries and implementing other cost-cutting actions in response to lower production.
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General Motors CEO Rick Wagoner says the company won't know how much more in government loans it will need until March 31.
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Visteon Corp. says that revenue for 2008 and the fourth quarter plunged more than expected, and that it is expanding its cuts to employee benefits.
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Fisker is currently setting up a dealer network and should begin selling their Karma plug-in hybrid in the fall of 2009. The 2010 Karma, which will start at $87,900, has already racked up 1,000 orders since last year.
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Ford has just won a pair of CAA Pyramid Awards for a pair of unique features- marking the first time a single automaker has won both. The brand's new Blind Spot Mirror and 100 percent recycled seats each took home awards for Safety Innovation and Environmental Initiative, respectively.
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Finally, one good news is released in these times of gloomy economy. McDonald restaurants will sponsor the No. 77 Doran Racing Ford Dallara Daytona Prototype throughout the 2009 season of theGrand-Am Rolex Sports Car Series.
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According to a report in the Spanish press, some teams may be planning a partial deployment of KERS systems in 2009.
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