Ford is spending US$155m - $121m on manufacturing investment and $34m for launch and engineering - and adding 60 jobs at its Cleveland operations to build a new fuel-efficient V6 engine for the 2011 Mustang.
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Russian automakers AvtoVAZ and Sollers have signed a cooperation agreement to develop a suppliers' auto components base, according to a statement issued by AvtoVAZ.
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Visteon, which is reorganising under Chapter 11, reported a profit of USD128m in 2009, marking the company's first full-year profit since it was spun off of Ford in 2000.
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A wide range of television entertainment was on offer to the discerning viewer this week. Including, for the sports fan, downhill skiing and other delights from the winter Olympics in Canada. For the auto industry and US politics buff, how about live congressional coverage - politicians v Toyota, rounds one and two?
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Used-car sales helped Lithia Motors Inc. post improved earnings and revenue during the fourth quarter. The dealership group said yesterday that it posted net income of $2.8 million, compared with a net loss of $1.5 million in the same period in 2008.
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Edmunds.com is forecasting that Toyota's share of the US light vehicle market in February will be its lowest since July 2005.
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City car gets Lotus-developed hybrid power, showcases look of brand’s all-new Savvy
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Car prices are widely expected to edge up by around 2% after the Indian government increased excise tax on cars.
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First ever look inside Alfa's gorgeous Giulietta
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Spanish firm unveils first all-electric model
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Incidents of unintended acceleration are an industry-wide problem requiring a new, more co-ordinated approach, Edmunds.com said on Friday.
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Lamborghini unveils lightweight Gallardo Superleggera
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Gordini legend makes long-awaited comeback on racy new Clio and Twingo
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BMW has released details on the Concept 5-series ActiveHybrid it is bringing to the Geneva auto show next week.
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Lexus is taking aim at the premium-compact segment with the CT 200h, a striking five-door entry reinforced with a hybrid powertrain set to debut at the Geneva auto show next week.
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Lexus is taking aim at the premium-compact segment with the CT 200h, a striking five-door entry reinforced with a hybrid powertrain set to debut at the Geneva auto show next week.
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Volkswagen forecast operating profit would rebound this year amid rising sales volumes as it continues its quest to dethrone Toyota Motor Corp. from the automotive industry's top spot.
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VW suffered a worse than expected 71 percent drop in operating profits last year, but predicted a rebound this year as new models boost sales volumes.
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Valeo is selling its headlamp unit - which accounts for less than 1% of turnover - to a group of investors as part of a strategy to divest non-core businesses.
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