AutoNation Inc., the largest U.S. dealership group, posted its biggest profit of the year and said it would boost spending by 65 percent next year to update and buy stores. The net income of $65 million compares with a $1.
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AutoNation Inc., the largest U.S. dealership group, posted its biggest profit of the year and said it would boost spending by 65 percent next year to update and buy stores. The net income of $65 million compares with a $1.
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Deutsche Bank has sold its remaining stake in Daimler in one of the final steps towards unwinding 'Germany Inc', a once powerful system of cross-shareholdings in Europe's largest economy.
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Volkswagen has reported nine month operating profit down to EUR1.5bn (US$2.1bn) from EUR4.9bn (US$7.3bn) a year ago, blaming heavy losses at its Spanish Seat and British Bentley brands.
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Toyota Motor is likely to report a smaller than expected operating loss for the six months to September thanks to recovering sales and a weaker yen, Japanese media reports said on Thursday.
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A South Korean court has accepted a petition by GM Daewoo seeking to ban Russian carmaker TagAZ copying one of its models.
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MAN said it saw no improvement in prospects for its heavy truck division and expected the global slowdown to hit its diesel motor and turbo operations as it posted an operating loss of EUR42m (US$62m) in the third quarter, compared with a profit of EUR268m (US$400m) a year ago.
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Ford affiliate Mazda Motor on Thursday trimmed its consolidated net loss projection for the fiscal year ending 31 March 2010 to JPY17bn instead of the previously forecast JPY26bn due to foreign exchange gains and lower tax costs.
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Volkswagen disappointed markets with an 81 percent decline in third-quarter operating profit, weighed down by heavy losses at its Spanish value brand Seat and at ultraluxury marque Bentley. VW reaffirmed its forecast for a full-year drop in earnings.
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Volkswagen AG said today its 9-month operating profit fell to 1.5 billion euros from 4.9 billion euros last year, weighed down by heavy losses at its Spanish Seat and ultraluxury Bentley brands.
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Volkswagen disappointed markets with an 81 percent decline in third-quarter operating profit, weighed down by heavy losses at its Spanish value brand Seat and at ultraluxury marque Bentley. VW reaffirmed its forecast for a full-year drop in earnings.
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Volkswagen said today its 9-month operating profit fell to 1.5 billion euros from 4.9 billion euros last year, hit by losses at its Seat and Bentley brands. VW said net liquidity in its automotive division increased to 13.4 billion euros.
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It is difficult for India's largest utility vehicles maker Mahindra & Mahindra to raise prices, despite rising input costs, a senior official has said.
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Geely Automobile, whose shares have soared as a result of its parent's bid for Ford's Volvo unit, could win a valuable brand if the bid succeeds, but it could take years to see profits from Volvo.
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Geely Automobile, whose shares have soared as a result of its parent's bid for Ford's Volvo unit, could win a valuable brand if the bid succeeds, but it could take years to see profits from Volvo.
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Geely Automobile, whose shares have soared as a result of its parent's bid for Ford Motor Co.'s Volvo unit, could win a valuable brand if the bid succeeds, but it could take years to see profits from the money-losing Swedish carmaker.
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More power and less weight, BMW give the M5 a one-off CSL-style makeover
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A massive writedown led to a 1 billion euro ($1.48 billion) third-quarter net loss at Continental, but the supplier predicted a significant year-on-year improvement for the final three months.
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A massive writedown led to a 1 billion euro ($1.48 billion) third-quarter net loss at Continental, but the supplier predicted a significant year-on-year improvement for the final three months.
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A massive writedown led to a 1 billion euro ($1.48 billion) third-quarter net loss at Continental, but the supplier predicted a significant year-on-year improvement for the final three months.
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