Spyker will have to raise more cash in order to make its $400-million acquisition of Sweden's Saab sustainably profitable amid gut-wrenching changes in the global automobile industry.
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U.S. highway safety officials will begin a formal investigation into electric power steering complaints in the Toyota Corolla, a person familiar with the plan said.
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U.S. highway safety officials will begin a formal investigation into electric power steering complaints in the Toyota Corolla, a person familiar with the plan said.
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A second recall of Toyota's top-selling Corolla in the United States, this time potentially to address complaints about the steering, would cost very little on paper but risks further damaging its brand, a Japanese analyst said.
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Three separate US congressional hearings in coming weeks will examine Toyota's handling of a massive safety recall.
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Goodyear Tire and Rubber Co. posted a quarterly profit today that exceeded Wall Street forecasts, supported by better-than-expected results at its key North American unit. Goodyear, the largest U.S.
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Uncertainty over the performance of electric vehicles means reliable future residual value forecasting is currently impossible, industry specialist CAP said.
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Ford Otosan posted a higher-than-expected 149 percent rise in fourth-quarter net profit after exports and domestic sales campaigns lifted demand hit hard by the economic slowdown. Ford Otosan, jointly owned by Ford Motor Co.
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Russian vehicle production soared 91.9% year on year to 44,257 units in January according to industry monitor ASM Holding.
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Daimler has posted a bigger than expected loss for 2009. While the results and a dividend cancellation spooked investors, the firm remained upbeat on prospects for 2010.
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Russia's Alfa Bank has agreed to restructure the debt of GAZ Group following the signing of an agreement.
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Italy is prepared to invest EUR450m (US$614m) to convert Fiat's Termini Imerese car plant in Sicily, industry minister Claudio Scajola has said.
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The first ever supermini with a supercar badge has been spotted out on the town...
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Car production in Britain saw its biggest rise for more than 30 years in January though the year on year comparison was against a severely depressed, post-credit crunch market in early 2009.
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Germany's largest union and employers in a key German state agreed on a two-year wage deal Thursday that capped this year's payment but offered an above inflation rise in 2011. The pact could set the trend for other areas.
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Opel has released details of an extended-range electric concept car that it will debut at the Geneva auto show.
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Stunning Grand Tourer-style electric concept car boasts high performance battery and active aerodynamics.
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Anyone who knows Toyota well will be saddened by the recall elephant trap into which the company has fallen so spectacularly, writes Christopher Macgowan.
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A new two-litre Volkswagen group diesel engine with common rail injection system is now available in a Skoda Superb model called the 2.0TDI CR 140bhp DPF.
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Daimler AG scrapped its annual dividend for the first time in 14 years after it swung to a worse-than-expected 2009 net loss, sending shares down to their lowest level in five months.
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