Hyundai Motor America CEO John Krafcik is by all indications a brilliant car executive.
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Hyundai Motor America CEO John Krafcik is by all indications a brilliant car executive.
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General Motors Co. says it has significant unresolved issues with Opel bidder Magna International including concerns over intellectual property, product development and Magna's plans for Opel in Russia.
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General Motors Co. says it has significant unresolved issues with Opel bidder Magna International including concerns over intellectual property, product development and Magna's plans for Opel in Russia.
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General Motors Co. says it has significant unresolved issues with Opel bidder Magna International including concerns over intellectual property, product development and Magna's plans for Opel in Russia.
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Toyota Motor Corp. is in damage-control mode after an announcement suggesting the carmaker will bring its more than $1 billion global advertising account in-house prompted confusion at its U.S. ad agencies.
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General Motors could return to profit as early as 2011 after sharply reducing costs and debt through its recent bankruptcy restructuring, a Deutsche Bank analyst told an auto industry conference in Michigan.
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Just days after pulling the wraps off of its prototype Leaf electric vehicle in Japan, Nissan Motor Co. says it has committed to an early launch of 5,000 sales in the United States, starting late next year.
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Dana Holding on Thursday said it had achieved break even net income in the second quarter of 2009 despite a 49% year on year sales fall.
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Supplier Dana Holding Corp. said its net loss narrowed in the second quarter as cost-cutting countered the impact of steep production cuts by its automaker customers.
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Russia's biggest carmaker, AvtoVAZ, will retain a 25 percent to 30 percent share of the Russian car market this year despite a reduction in sales, the head of one of the carmaker's biggest shareholders said on Thursday.
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Fiat S.p.A.'s bid for Carrozzeria Bertone S.p.A. was approved by Italian Industry Minister Claudio Scajola Thursday. Fiat will invest 150 million euros ($215.
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New car sales in the UK rose 2.4% year on year in July, the first gain since April 2008, as consumers took advantage of the government's scrappage incentive plan.
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Strikers have agreed to end their occupation of the Ssangyong plant in Pyeongtaek, South Korea, which has sparked violent clashes.
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China's Geely Automotive Holdings wants to buy a majority stake in Volvo Cars together with an unidentified Swedish investor while allowing Ford to keep a stake in its Swedish affiliate, the Dagens Industri newspaper reported.
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Mexico's auto production is expected to drop 30% this year 2009 as US demand slumps, the president of the Mexican automobile industry association (AMIA) said.
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The United States Department of Energy has awarded Johnson Controls a US$299m grant to build US manufacturing capacity for hybrid and electric vehicle batteries.
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Toyota Motor new motor racing enthusiast chief executive officer Akio Toyoda plants to fast-track a new, "affordable" sports car.
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Local industry figures have ranked Toyota's Prius brand the best selling vehicle in Japan in July, the second straight month it has topped the list, as environmentally friendly cars continue to gain a foothold among the country's best-selling models.
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Toyota's Prius was again the best selling vehicle in Japan in July, the second straight month it has topped the chart, as environment friendly cars continue making gains.
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