Daimler is predicting that its car, van and truck sales in China, Hong Kong, Taiwan and South Korea will grow by more than the predicted industry average of 15% in 2010.
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My boss Keith Crain has a knack of expressing great truths about this industry in simple terms. One of them: and#8220;The automobile business runs on credit.and#8221;
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U.S. auto sales may improve next year, but auto loan delinquency rates likely will get worse.
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U.S. auto sales may improve next year, but auto loan delinquency rates likely will get worse.
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U.S. auto sales may improve next year, but auto loan delinquency rates likely will get worse.
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Just the thing for thinking warm thoughts during a snow-bound Detroit show.
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Renault Brazil has announced a US$550m investment here for the 2010-2012 period. It is the third automaker, in less than a month, after Ford ($2bn) and Volkswagen ($3bn), to boost investment in the Brazilian market.
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Lotus has named Donato Coco as its director of design. Previously, Coco was Ferrari's design director and also worked for Citroen, where he rose to chief designer.
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Lotus has named Donato Coco as its director of design. Previously, Coco was Ferrari's design director and also worked for Citroen, where he rose to chief designer.
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Ford's EcoBoost (direct petrol injection with turbocharger) engine technology is migrating across the Atlantic to Europe and is set to make its debut in the automaker's S-Max and Galaxy MPV (minivan) models at the 2010 Brussels Show on 13 January.
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Mini will show a concept called the Beachcomber at the Detroit auto show.
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Renault's worldwide passenger car and light commercial vehicle sales rose 32.2% in November. Renault's European sales were up 43.4% as various car scrapping incentive schemes draw to an end.
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Zhejiang Geely Holding Group aims to conclude the acquisition of Ford Motor Co.'s Volvo unit in early 2010. "The Volvo deal sees no more hurdles," a source told Reuters.
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Zhejiang Geely Holding Group aims to conclude the acquisition of Ford Motor Co.'s Volvo unit in early 2010. "The Volvo deal sees no more hurdles," a source told Reuters.
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Geely aims to conclude the acquisition of Volvo in early 2010. "The Volvo deal sees no more hurdles," a source said. "It is expected to be done before Chinese New Year." Chinese New Year starts on Feb. 14.
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German prosecutors are unmoved by the results of an internal probe done by Porsche Automobil Holding SE that cleared ex-CEO Wendelin Wiedeking and ex-finance chief Holger Haerter of market manipulation in trading Volkswagen AG shares.
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ZF Friedrichshafen aims to break even next year as revenue is set to return back above the 10 billion euro ($14.5 billion) mark.
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Suzuki and Volkswagen will begin work on joint projects starting around Jan. 10, Suzuki CEO Osamu Suzuki said. The new partners want to develop a competitive, small car, seen as key to expanding sales in developing countries.
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Suzuki and Volkswagen will begin work on joint projects starting around Jan. 10, Suzuki CEO Osamu Suzuki said. The new partners want to develop a competitive, small car, seen as key to expanding sales in developing countries.
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German prosecutors are unmoved by the results of an internal Porsche probe that cleared ex-CEO Wendelin Wiedeking and ex-finance chief Holger Haerter of market manipulation in trading Volkswagen shares.
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