The German economics ministry has denied a report that investment group RHJ International is emerging as the ministry's favourite to take over General Motors' European Opel/Vauxhall operations, despite the Magna International-led consortium being selected as the preferred bidder.
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Porsche has denied newspaper reports that its embattled CEO, Wendelin Wiedeking, would leave the company after Volkswagen takes a 49% percent stake in the business.
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Toyota Motor said its sales in Europe fell 26% year on year in the first half of this year to 452,350 vehicles.
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Renault could do better in Brazil, according to CEO Carlos Ghosn who added that the French carmaker's 5-6% market share is "below our potential." He wants to increase that to 10% although he did not give a timeframe for the rise.
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Audi from September is bringing back the big five-door hatchback in the form of its new A5 Sportback, third model in a line begun with a coupé and followed up by a cabriolet.
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Germany dismissed a report on Thursday that RHJ International had overtaken Magna International as the front-runner to take over Opel, saying the race remained wide open.
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Germany dismissed a report on Thursday that RHJ International had overtaken Magna International as the front-runner to take over Opel, saying the race remained wide open.
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Germany dismissed a report on Thursday that RHJ International had overtaken Magna International as the front-runner to take over Opel, saying the race remained wide open.
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German Chancellor Angela Merkel expressed support today for Magna International's bid for Opel and said her government aimed to clear up outstanding questions in the next few days.
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German Chancellor Angela Merkel expressed support today for Magna International's bid for Opel and said her government aimed to clear up outstanding questions in the next few days.
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The European new car market continued to improve over the first six months of the year although sales were still significantly down on 2008. At the end of June the market was down 10.3% YTD, a 15.7% improvement on the January figure of 26.0% demonstrating a slow but progressive improvement each month, UK analysts JATO Dynamics said on Thursday.
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Germany sees Magna International as the front-runner to take over Opel, but it would reassess its position if another buyer for the General Motors unit emerged. China's Beijing Automotive Industry Corp.
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Toyota Motor Corp. shares rose 2.9 percent today after the Nikkei business daily reported that it plans to supply core components for hybrid vehicles to smaller rival Mazda Motor Corp.
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General Motors' chief spokesman in Europe has been tapped to steer global public relations for the U.S. automaker as it exits bankruptcy.
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Porsche has denied reports that its embattled CEO, Wendelin Wiedeking, is to leave the sports car maker after Volkswagen takes a 49 percent stake in the company.
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Toyota Motor Corp. and Mazda Motor Corp. are in talks over the possibility of Toyota supplying core components for hybrid vehicles to its smaller rival, two sources familiar with the matter said today.
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General Motors' chief spokesman in Europe has been tapped to steer global public relations for the U.S. automaker as it exits bankruptcy.
Full story...
Porsche has denied reports that its embattled CEO, Wendelin Wiedeking, is to leave the sports car maker after Volkswagen takes a 49 percent stake in the company.
Full story...
Jaguar Land Rover will cut 300 jobs from plant in Halewood, northwestern England, and stop production of its X-Type sedan there by the end of the year due to the downturn in the auto industry.
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Toyota Motor Corp. and Mazda Motor Corp. are in talks over the possibility of Toyota supplying core components for hybrid vehicles to its smaller rival, two sources familiar with the matter said today.
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