Pirelli raised 2009 operating targets on Thursday on the back of strong tyre operations, after posting a third-quarter net profit at the top end of expectations.
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General Motors doesn't plant to develop Volt as a brand, unlike rival Toyota whuch is considering an expanded Prius line, a senior executive has said.
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A former General Motors executive on Thursday pleaded guilty to a kickback scheme involving bulk aluminum sales that cost the automaker some US$83m.
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Workers at an Indian autoparts maker have ended a six-week strike, which had hit supplies to General Motors and Ford and caused the shutdown of some North American plants, an official at the Indian firm has said.
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In the run-up to the Autosport International show to be staged in Birmingham, UK, in January, just-auto talked with show director Ian France about initiatives to transfer motorsport technology to the automotive industry.
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PSA Peugeot Citroen's supplier network in France is burdened with 40% too much industrial capacity, its head of purchasing said on Friday.
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Aluminum wheel maker Superior Industries International Inc. posted a narrower quarterly loss helped by cost cuts and increased production volumes.
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Car sales in Western Europe grew by 16.5% year-on-year in October according to data released by analysts at JD Power who also told just-auto today that the outlook for 2010 is for a market drop of 10%.
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Valeo on Friday said it had increased to 100% its shareholding in a JV based in Changchun, China, which develops and manufactures compressors.
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Renault, which already produces its Mégane hatchback and estate and Modus lines exclusively in Spain, has decided to make the future electric vehicle (EV) based on the Twizy ZE Concept at its Valladolid plant, 150 km north west of Madrid.
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General Motors has said it was readying a plan to restructure Opel and could pay off debt due this month as German workers went on strike to protest the automakers decision to keep the European unit.
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Porsche Automobil Holding SE is pushing to agree an 8.5 billion euro ($12.62 billion) loan by Nov. 10, two bankers close to the deal said on Friday. The loan has been reduced to 8.5 billion euros from an earlier figure of 10.
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Germany's finance minister on Friday indicated a readiness to offer General Motors aid to help restructure Opel/Vauxhall, saying the government felt a "responsibility" for the firm's 25,000 German workers.
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Opel chief Carl-Peter Forster is leaving the company after the surprise decision by GM's board this week to block the sale to a Magna-led consortium, Spiegel Online reported on Friday.
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Magna International has reported a surprise third quarter operating income of US$81m, net income of $51m and earnings per share of $0.45, increases of $193m, $266m and $2.38, respectively, year on year, benfiting from cost cutting an restructuring started last year as the credit crisis hit the auto sector. Total sales fell 16% to $4.7bn.
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Volkswagen AG's premium brand Audi expects its vehicle sales to fall less than previously thought to more than 920,000 vehicles this year instead of about 900,000, Audi sales chief Peter Schwarzenbauer told a German newspaper.
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Bob Lutz will chair Opel and help steer a restructuring at the GM unit. Opel President Carl-Peter Forster is leaving the carmaker. Ex-Vauxhall exec Nick Reilly will temporarily replace Forster while GM seeks an external CEO for Opel.
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The head of GM's European business, Carl-Peter Forster, is leaving the company following the surprise decision by GM's board to block the sale of Opel, two sources said.
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Bob Lutz, General Motors Co.'s top marketing boss, will chair the supervisory board of GM's Opel unit and help steer a restructuring plan there now that GM has decided to retain control of the European automaker.
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Bob Lutz will chair Opel and help steer a restructuring at the GM unit. Opel President Carl-Peter Forster is leaving the carmaker. Ex-Vauxhall exec Nick Reilly will temporarily replace Forster while GM seeks an external CEO for Opel.
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