TRW Automotive Holdings Corp.
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The U.S. Treasury Department will likely exit its investment in GMAC Financial Services this year through a gradual sale of shares following a public offering, two senior Treasury officials said today.
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Magna International has reported a narrower loss for the fourth quarter of 2009, helped by higher volume in Europe and North America.
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Hyundai's UK unit is to launch what it believes is an industry-leading aftersales package in a bid to find new customers after the government and automaker-funded scrappage scheme ends here on 31 March.
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TRW has exceeded expectations by reporting fourth quarter net earnings of USD141m or USD1.18 per diluted share, which compares to a net loss of USD946m or (USD9.35) per share in the prior year period.
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The US offices of three Japanese automotive parts suppliers to Toyota - Denso, Tokai Rika and Yazaki - were raided on Tuesday by the Detroit office of the FBI over allegations of price-fixing, media reports said.
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SENIOR EDITOR FOR NEWS BOB GRITZINGER: When you trade in and out of so many vehicles as we do here at AutoWeek--not that I mind; the breadth of knowledge is highly valuable--it is surprisingly pleasant to spend nearly two weeks in the...
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Ford will tout its redesigned 2011 Super Duty pickup as the and#8220;most capable, fuel-efficientand#8221; heavy-duty truck on the market in a national advertising campaign that launches in April.
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Analysts at JD Power are warning that while February's US light vehicle market is likely to come in higher than last year's, seasonally adjusted sales are forecast to be down on the recent trend as the market suffers the effects of the Toyota recalls and winter storms.
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Toyota Motor North America president and chief executive Yoshimi Inaba has agreed to extend nationwide a commitment he made to the New York attorney general to have recalled vehicles collected from the homes of owners who are afraid to drive them.
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General Motors's top executive in charge of developing batteries for the Chevrolet Volt plug-in hybrid is leaving to take a position with an unnamed startup battery company in California.
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U.S. car dealer Asbury Automotive Group Inc. today said it posted a small fourth quarter profit, reversing a year-earlier loss, as new vehicle sales recovered and cost cuts paid off.
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Asbury Automotive Group Inc.and#8217;s restructuring effort in 2009 helped the company become more efficient and turn a profit even during the worst sales environment in more than 27 years, CEO Charles Oglesby said today.
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Indonesian automotive distributor PT Astra International has reported a 62% jump in fourth quarter net profit, helped by currency gains.
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Tata Motors has announced the completion of a GBP340m loan from the European Investment Bank (EIB) to Jaguar Land Rover (JLR).
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Japan's top newspaper on Thursday accused US lawmakers of painting Toyota as a "villain" over its safety flaws.
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Japanese prime minister Yukio Hatoyama on Thursday said he expected Toyota to make efforts to ensure safety and undertake necessary improvements after massive recalls while the industry minister Masayuki Naoshima was concerned about possible damage to the reputation of domestic manufacturers.
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German supplier Leoni is being investigated by the EU as part of a probe into the automotive electronic components industry.
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Leoni and some of its rivals are being investigated by EU antitrust regulators for suspected price fixing and could be fined if found in breach of the rules.
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