Hyundai Motor beat forecasts with a record quarterly profit after government incentives resulted in strong global sales of its cheap, fuel-efficient models but cautioned varied factors might hit future earnings.
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Spanish unions have reached an initial agreement with Magna International Inc. over job cuts at Opel's Zaragoza plant, the leading trade union groups UGT and CCOO said on Thursday. Magna has agreed to keep the plant intact until the summer of 2011.
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Tata Motors has fully acquired the Spanish bus company Hispano Carrocera. The Indian group already had a 21% stake in the company, which it has held since 2005.
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EXECUTIVE EDITOR WES RAYNAL: Funny that Mercedes is asking customers to pay a buck thirty for the performance S-class and then tack on another $7,000 for a "performance" package. Can't that come with?
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The European Investment Bank has given the green light to loans to European-based car makers worth a total of EUR600m, including EUR400m for Saab Automobile AB.
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Mazda Motor Corp., which builds the majority of its vehicles in Japan, is studying moving more of its manufacturing base offshore to better hedge against currency swings, its top executive said.
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Fiat has returned to profit in its third quarter, despite a fall in sales, and predicted an improvement in business for the rest of the year. However, the reversal in its fortunes was not enough to keep it out of the red for the full nine-month period.
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The '4R' deal between Nissan and Sumitomo Corporation to reuse, resell, refabricate and recycle lithium-ion batteries previously used in electric cars has been described as the "last piece in the jigsaw" in the move towards affordable zero emission vehicles.
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Nissan is putting its new model based on the Qazana concept into production at Sunderland and there were hopes for two other UK-based Japanese car manufacturing operations at the Tokyo motor show - Honda and Toyota said separately that they may increase overseas output as a stronger yen makes exports less competitive.
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Renault has chosen Jerome Olive to lead its low-cost Dacia brand. Olive is scheduled to join the Romanian automaker's board and take over as Dacia managing director on Nov. 26.
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Renault has chosen Jerome Olive to lead its low-cost Dacia brand. Olive is scheduled to join the Romanian automaker's board and take over as Dacia managing director on Nov. 26.
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Lightweight and flexible are the two key defining features of Nissan's new global small car platform due to launch across the globe starting March 2010.
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Honda is set to be the only one of Japan's seven automakers to post a profit with a fiscal first half JPY60bn operating surplus, reports said on Thursday.
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Former White House auto adviser Steven Rattner has said General Motors and Chrysler likely would have been liquidated had their fates been left to Congress.
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Fiat S.p.A. will produce up to 50,000 cars a year at a recently acquired former Carrozzeria Bertone plant in Italy, a trade union source said on Thursday.
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Where have we heard this before? The final signing of Opel's sale to the Canadian group Magna International could take place by the weekend.
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Honda would consider launching an environmentally friendly sports car when it has enough cash available, CEO Takanobu Ito said. Ito said Honda's sports car would not be like the Lexus LFA supercar unveiled by by Toyota Motor Corp.
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Former Wall Street insider Steven Rattner, recruited by the Obama administration to restructure GM and Chrysler, despite no government or automaking experience, has said he was "shocked by the stunningly poor management that we found, particularly at GM, where we encountered, among other things, perhaps the weakest finance operation any of us had ever seen in a major company".
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Two major Detroit-based automakers are among companies that have received the most federal aid which the Obama administration will order to slash compensation for their highest-paid employees, an official involved in the decision has said.
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Vehicle sales in the ASEAN's six main markets declined by 18.3% to 1,328,430 units in the first nine months of 2009, with all markets reporting cumulative declines of varying degrees.
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