BMW Group's design head Chris Bangle is quitting "to pursue his own design-related endeavors beyond the auto industry," the German carmaker said Tuesday.
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Components supplier Denso Corporation has drastically revised its full financial year forecasts and now expects to post a JPY62bn ($US681.1m) operating loss - its first in almost 59 years - and a JPY64bn ($703.1m) net loss on sales of JPY3.12 trillion ($34.2bn).
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GM Daewoo is planning to idle its factories this month because of poor sales in January, according to a Korean news agency.
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The German new car market contracted in January by some 14% to 189,400 light vehicles. The sobering news for the sector was, however, allied to a more positive outlook as hopes that government measures to boost the sector could kick in later in the year.
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Cost of buying new set to rise - despite 30 percent fall in sales.
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New car registrations in Italy fell 32.64% to 157,418 units, according to the ministry of transport and infrastructure.
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Spain's new car market showed no sign of recovery in January as sales plunged 41.6% to 59,385 in the country's first recession for 15 years, automakers' association ANFAC said.
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Harder and faster version of the 911 will debut at Geneva
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PARIS (Reuters) -- French President Nicolas Sarkozy wants his country's carmakers to commit to buying parts from French suppliers in exchange for aid measures, the Financial Times reported on Tuesday.
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US new car sales results for January, due to start trickling out from local automakers and importers later today, are expected to drop to a 27-year low. according to industry analysts there.
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New MPV spied testing ahead of Geneva Show debut
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News surfaces that Citroen is planning a new range of DS-badged luxury models...
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German giant gives X5 the M Sport treatment creating its hottest SUV yet.
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Motorsport engineering firm BERU f1systems says that a five axis machine offering high levels of accuracy for machining a range of materials has been installed at its UK HQ. The DMU 50/70 eVo linear will be used for in house and subcontract automotive, motorsport and aerospace machining.
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REVA, the manufacturer of the REVA electric car (branded as G-Wiz in the UK), is building a new assembly plant in Bangalore, with a capacity of 30,000 units per annum.
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Vauxhall parent company Opel plans to lift the lid on new plans for electric cars at this year's Geneva Motor Show.
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Simply calling it a "car," or perhaps "wagon," just isn't how BMW rolls. And today we're getting more information on its curiously-titled Progressive Activity Sedan. Called PAS for short, we expect the vehicle to be unveiled sometime this year.
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Italian carmaker Fiat will conclude an alliance with Chrysler Group so Chrysler meets a U.S. government deadline, Fiat's CEO told the Wall Street Journal.
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New-car sales in Germany fell 14 percent in January compared with the same month in 2008.
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Italian carmaker Fiat is racing to review the operations of Chrysler LLC before Chrysler must meet a U.S. government deadline in two weeks, Fiat CEO Sergio Marchionne told the Wall Street Journal.
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