Sonic Automotive Inc. posted its third straight quarterly profit today, and just seven months after warning of possible bankruptcy, Sonic's CFO says the dealership group can focus on business and even reconsider selling some stores.
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Sonic Automotive Inc., the U.S. dealership group that postponed debt payments to avoid bankruptcy earlier this year, posted its third straight quarterly profit.
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Sonic Automotive Inc., the U.S. dealership group that postponed debt payments to avoid bankruptcy earlier this year, posted its third straight quarterly profit.
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Sonic Automotive Inc., the U.S. dealership group that postponed debt payments to avoid bankruptcy earlier this year, posted its third straight quarterly profit.
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The Renault-Nissan alliance may also produce batteries for electric vehicles in France, chief executive Carlos Ghosn said.
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Volkswagen wants to acquire insolvent contract assembler and carmaker Karmann first and foremost because of its technical expertise, the Financial Times Deutschland reported, citing VW company sources.
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A senior Honda executive has lowered his estimate for US total industry sales volume to 10m for the business year to next March from 10.5m, saying he does not see signs of recovery just yet.
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Honda Motor on Tuesday almost tripled its group net and operating profit forecasts for the fiscal year to 31 March. It also reversed earlier loss projections and reported profits both on the operating and net levels for the April to September second quarter after aggressive cost-cutting efforts.
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General Motors (GM) will not acknowledge that choosing Opel's buyers happened without political pressure, daily Financial Times Deutschland (FTD) said, citing GM sources.
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Morgan Stanley cut Renault by two notches to its lowest rating, citing pressures from AvtoVAZ, a downside risk to Volvo trucks and a delay in resumption of dividend payment by Nissan. Renault shares fell as much as 5 percent.
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Morgan Stanley cut Renault by two notches to its lowest rating, citing pressures from AvtoVAZ, a downside risk to Volvo trucks and a delay in resumption of dividend payment by Nissan. Renault shares fell as much as 5 percent.
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The current struggle for survival of European coachbuilders raises doubts over the long-term viability of these peculiar suppliers' business model. At the very least, the sector's focus is shifting, writes Matteo Fini
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IBM and Dassault Systèmes (DS) have signed an agreement under which DS intends to acquire IBM sales and client support operations encompassing DS's Product Lifecycle Management (PLM) software application portfolio, as well as customer contracts and related assets, for approximately US$600m in cash.
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The Tokyo motor show is unlikely to attract a targeted 1m visitors during its 13-day run until 4 November as only 150,500 people visited the event in the first three days to the end of Sunday, officials have said.
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Torotrak is a technology company based in the UK with a clear goal: to bring its revolutionary and patented automatic gearbox technology to the market. According to the company, its Infinitely Variable Transmission (IVT) brings fuel economy gains without performance compromises. The firm's engineering director, Roger Stone, updates just-auto on progress
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General Motors CEO Fritz Henderson has said Brazil's car market has "a very good outlook" and the automaker will reinvest profits from the country's unit locally.
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Sales of Teana and Sylphy sedans boosted Nissan Motor volume in China 63.8% to 75,209 units last month, the automaker said.
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Tata Motors has reported second fiscal quarter net profit of INR7.29bn ($US156.4m), up from INR3.47 bn a year earlier.
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Nissan's Sunderland Plant is feeling the benefits of the UK scrappage scheme with a 40% increase in Micra production.
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Renault and Nissan are considering production of batteries for electric cars in France. The alliance has so far announced plans to produce batteries in Japan, the U.S., Portugal and England.
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