Fisker Automotive on Tuesday confirmed earlier speculation by announcing it will build plug-in hybrid cars at a former General Motors plant in Wilmington, Delaware.
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Dassault Systemes said today it agreed to buy sales and client support operations from IBM for $600 million. The French technology company is buying operations that include IBM's Product Lifecycle Management software application portfolio.
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The old General Motors plant in Delaware that until July cranked out sports cars for Pontiac, Saturn and Opel will be sold and retooled to build plug-in hybrids with UAW workers.
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The old General Motors plant in Delaware that until July cranked out sports cars for Pontiac, Saturn and Opel will be sold and retooled to build plug-in hybrids with UAW workers.
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Everybody's darling nowadays is the Chevrolet Equinox, an affordable everyman's version of the ubiquitous crossover-utility vehicle that everyone seemingly wants to own.
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EDITORIAL ASSISTANT JONATHAN WONG: So now the Z4 has been bit by the folding-hardtop bug. Am I surprised? Not really. The upside is that a hardtop is good for a quieter cabin and better for four-season driving.
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Jaguar plans to add a dramatically styled sports-hatch model to its lineup beginning in 2014.
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Mild changes to the sleek three-door will be applied to the 3-Series Cabriolet too.
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Auto retailer Group 1 Automotive Inc. posted a third-quarter profit of $18.3 million, aided by $112.8 million in cost cuts this year. The net profit compares with a $21.8 million loss in the third quarter of 2008. Revenue fell 13 percent to $1.
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Auto retailer Group 1 Automotive Inc. posted a third-quarter profit of $18.3 million, but said it expected new-vehicle margins to fall through the end of the year. Group 1's new-vehicle margins last quarter improved 0.4 percentage points to 6.
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Johnson Controls Inc. posted a surge in quarterly profit helped by cost cuts and the recovery of global auto production from the worst downturn in decades. Net income rose to $300 million from $16 million. Revenue fell 15 percent to $7.9 billion.
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Johnson Controls Inc. posted a surge in quarterly profit helped by cost cuts and the recovery of global auto production from the worst downturn in decades. For the fourth fiscal quarter ended Sept.
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Michelin has reported a sales slide of 10.9% year on year in the third quarter to EUR3.75bn (US$5.58bn) amidst a slump in global demand.
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After returning to profitability in the third quarter of this year, Daimler said it expects positive earnings to continue into the final quarter despite the general economic situation although its effects on dealerships and suppliers could lead to an impact in the fourth quarter.
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New Chrysler Group products expected to be announced next week will see the eventual launch of Fiat models and the axing of Dodge and Chrysler models, a media report said.
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Daimler AG forecast a Q4 operating profit, although the economic downturn and its impact on dealerships and suppliers could weigh on earnings.
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Daimler painted a bleak picture for auto and commercial vehicle markets in 2010 but forecast a Q4 operating profit. The company forecast negative cash flow in Q4 due to higher payments to suppliers and a seasonal inventory increase at year's end.
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Daimler painted a bleak picture for auto and commercial vehicle markets in 2010 but forecast a Q4 operating profit. The company expects negative cash flow in Q4 due to higher payments to suppliers and a seasonal inventory increase at year's end.
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Daimler AG painted a bleak picture for auto and commercial vehicle markets in 2010 as a hangover from global recession continues to weigh on the maker of Mercedes-Benz cars.
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Daimler painted a bleak picture for auto and commercial vehicle markets in 2010 but forecast a Q4 operating profit. The company expects negative cash flow in Q4 due to higher payments to suppliers and a seasonal inventory increase at year's end.
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