Toyota Motor Corp. pulled out of Formal One racing today, as it battles a second straight year of red ink and races to cut more than $9 billion in costs this year. Toyota follows Japanese rival Honda Motor Co. in quitting the sport.
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All new, larger 3-Series spied.
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Toyota Motor Corp. withdrew from Formula One today, leaving Japan without a team in motorsport's premier series.
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Toyota has said its China sales surged 42% from a year earlier to 65,500 units in October.
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Tata Motors has begun distributing its heavy duty Prima range of trucks and says it plans to introduce the commercial vehicles in more countries later.
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Russia's government is reportedly considering a big bail-out to help ailing AvtoVAZ.
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Adjusted for selling days, light vehicle sales in the US last month fell 3.4% year on year to 835,925 units and General Motors posted its first monthly year on year gain since January 2008 - up 0.9% to 176,662 units.
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Sales success in China, driving quarterly earnings higher than expected, has helped Nissan revise its annual outlook to a profit from a loss.
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Toyota has pulled out of the Formula One world championship after eight fruitless seasons, joining BMW in the exodus. Honda quit at the end of last season. The companies cite the need to cut costs in the current tough business environment as the reason.
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Bosses at Toyota blame economic crisis for Formula One withdrawal.
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So, there you have it - the final twist in the tail. GM has, at the eleventh hour, done an abrupt U-turn in order to avoid doing something that it never wanted to do, but felt that it had to do when adverse financial circumstances dictated that it file for Chapter 11 bankruptcy in the US earlier this year.
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Magna International has said it would continue to "support" Opel and GM after the US automaker decided to retain and restructure the European unit.
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Skoda plans to build a low-cost family sedan, CEO Reinhard Jung said. The car would compete with the successful Logan, which is produced by Renault's Dacia subsidiary.
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Skoda plans to build a low-cost family sedan, CEO Reinhard Jung said. The car would compete with the successful Logan, which is produced by Renault's Dacia subsidiary.
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British business secretary Peter Mandelson wants to talk soon with General Motors after the automaker scrapped plans to sell its European Opel unit, including its British Vauxhall plants.
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French Canadian supercar dreamer Luc Chartrand started working on the Plethore (French for "plethora" or "abundance") LC-750 about 11 years ago. He designed, engineered and built it all himself.
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Hurst, the legendary company synonymous with Olds 442s, performance shifters and all things muscle cars, has turned its attention to modern iterations of pony cars.
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General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International.
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US giant cancels sale to Magna because European arm is too important
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Bankrupt US giant cancels sale to Magna because European arm is too important
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