A special task force created this year to stop the financial losses at Nissan Motor Co. will soon declare and#8220;mission accomplishedand#8221; and disband.
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MILAN/PARIS (Reuters) -- European carmakers drew on government scrappage schemes to report robust third-quarter numbers but their shares fell as investors searched in vain for clues as to how the sector might cope once the subsidies end.
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Auto parts maker Gentex Corp. today posted a better-than-expected rise in third-quarter profit and forecast a strong increase in revenue for the fourth quarter, sending its shares soaring by more than 17 percent by midday.
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Auto parts maker Gentex Corp. today posted a better-than-expected rise in third-quarter profit and forecast a strong increase in revenue for the fourth quarter, sending its shares soaring by 18 percent.
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Nissan Motor Co. will expand its line of electric vehicles to the luxury Infiniti brand as early as 2012 and also will create an electric commercial van to sell to governments and fleet customers.
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LG Chem is to supply batteries to local electric vehicle (EV) manufacturer CT&T from next year.
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Mitsubishi Motors Corp., aiming to revitalize its U.S. lineup, will bring a new small crossover called the Outlander Sport to American showrooms in the fall of 2010.
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Autoliv has reported a better than expected set of results for its third quarter, helped by the cash for clunkers programme in the US.
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Colin Dodge, the man responsible to Nissan Motor chief Carlos Ghosn for seeing the Japanese carmaker through the current economic crisis, has revealed that a number of projects have been cancelled to bring the carmaker's finances back into the black.
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The White House auto task force chief who led the rescue of Chrysler and General Motors said he was astounded by the poor quality of management at the automakers.
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Former General Motors CEO Rick Wagoner and his aides were and#8220;sequesteredand#8221; and and#8220;insular,and#8221; presided over a and#8220;lack of financial disciplineand#8221; at the company and blamed everything but their own management for the company's...
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Ford President and CEO Alan Mulally has told just-auto that he still expects to see Ford return to profitability in 2011.
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The European Investment Bank granted on Wednesday a 400 million euro ($599 million) loan to Swedish automaker Saab, but Sweden said Saab will have to wait for a decision on whether the state will guarantee loan.
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The European Investment Bank granted on Wednesday a 400 million euro ($599 million) loan to Swedish automaker Saab, but Sweden said Saab will have to wait for a decision on whether the state will guarantee loan.
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Chrysler's Ram line of 2010 heavy-duty pickups, the first new vehicles to debut since the automaker emerged from bankruptcy in June, will begin arriving in dealerships within three weeks.
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General Motors Co. remains committed to closing a deal to sell its European Opel unit to a group led by Magna International Inc., the automaker's CEO told U.S. cable television station CNBC on Wednesday.
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General Motors Co. remains committed to closing a deal to sell its European Opel unit to a group led by Magna International Inc., the automaker's CEO told U.S. cable television station CNBC on Wednesday.
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