Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday.
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Talks to strike a deal over the future of Porsche are heating up as rival factions race toward an expected showdown on Thursday.
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Talks to strike a deal over the future of Porsche are heating up as rival factions race toward an expected showdown on Thursday.
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Talks to strike a deal over the future of Porsche are heating up as rival factions race toward an expected showdown on Thursday.
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Automotive mirror supplier Gentex Corp. said today it posted a 55 percent drop in quarterly profit due to steep production cuts by automakers, and the parts maker forecast a 10 percent decline in revenues for the current quarter.
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The Hyundai Genesis ranked as the most smoothly launched vehicle in a U.S. study that grades automakers on their ability to hit sales, price and dealer-profit targets with new models.The 2009 Genesis scored 689 out of 1,000 possible points on J.D.
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Automotive mirror supplier Gentex Corp. posted a 55 percent drop in quarterly profit due to steep production cuts by automakers, and the parts maker forecast a 10 percent decline in revenue for the current quarter.
Full story...
The Hyundai Genesis ranked as the most smoothly launched vehicle in a U.S. study that grades automakers on their ability to hit sales, price and dealer-profit targets with new models.The 2009 Genesis scored 689 out of 1,000 possible points on J.D.
Full story...
Automotive mirror supplier Gentex Corp. posted a 55 percent drop in quarterly profit due to steep production cuts by automakers, and the parts maker forecast a 10 percent decline in revenue for the current quarter.
Full story...
Fiat S.p.A. beat the average forecast with a second-quarter trading profit of 310 million euros ($440 million), and said it cut net industrial debt to 5.7 billion from 6.6 billion in the period.
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Fiat S.p.A., which owns 20 percent of Chrysler Group, posted a second-quarter trading profit, helped by tax breaks for drivers trading in older, polluting cars.
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Fiat S.p.A. beat the average forecast with a second-quarter trading profit of 310 million euros ($440 million), and said it cut net industrial debt to 5.7 billion from 6.6 billion in the period.
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Fiat S.p.A. beat the average forecast with a second-quarter trading profit of 310 million euros ($440 million), and said it cut net industrial debt to 5.7 billion from 6.6 billion in the period.
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Fiat S.p.A beat expectations for second-quarter trading profit on Wednesday, helped by tax breaks for drivers trading in older, polluting cars, but its efforts to cut debt disappointed and shares slipped.
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Fiat Group has announced that it reported a net loss for the second quarter of EUR179m, but said that the result was at nearly break-even if unusual items are excluded (mainly restructuring costs).
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Hyundai Motor and affiliate Kia Motors Wednesday announced plans to invest 4.1 trillion won (US$3.28bn) by the end of 2013 to develop fuel-efficient cars and cut carbon emissions.
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Volvo AB has reportedly agreed to withdraw from its truck venture with the state parent of Sinotruk, moving it closer to a possible tie-up with Dongfeng.
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Carmakers can continue to set up networks of selective and exclusive dealerships for another three years in line with antitrust exemptions for the sector, European Union antitrust regulators said on Wednesday.
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Carmakers can continue to set up networks of selective and exclusive dealerships for another three years in line with antitrust exemptions for the sector, European Union antitrust regulators said on Wednesday.
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Carmakers can continue to set up networks of selective and exclusive dealerships for another three years in line with antitrust exemptions for the sector, European Union antitrust regulators said on Wednesday.
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