Daimler said on Tuesday it made a net profit of EUR1,312m in the second quarter of 2010 compared with a net loss of EUR1,062m a year ago on revenue of EUR25.1bn (EUR19.6bn). It added it was targeting full-year EBIT of EUR6bn after earlier reporting Q2 EBIT of EUR2,104m compared with a EUR1,005 loss in 2009.
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A French union involved in the on-going discussions at General Motors' automatic transmissions plant in Strasbourg says it is holding firm against what it describes as "blackmail."
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Executives at Group 1 Automotive Inc. said they don't expect long-term repercussions from Toyota's June lawsuit to block the retailer from acquiring a pair of Toyota and Lexus stores.
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Daimler raised its 2010 operating profit forecast to 6 billion euros ($7.8 billion) after higher sales in China and the United States helped the carmaker beat quarterly estimates.
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Daimler is to set up a new Smart product unit in the Mercedes-Benz division from 1 September this year.
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Spies blow the cover on Bentley’s facelifted Continental GT.
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Firm announces official participation in WRC from 2011.
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New rear drive Chevrolet Caprice police patrol vehicles will be available again from April 2011 for the first time since GM discontinued its full-size body-on-frame Caprice in 1996. This time, the design is unibody and Holden will build the cars in Australia.
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Geneva 2011 debut for German firm’s next generation Boxster.
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Lotus' new family revealed, Britain's best £14k cars, Audi A7 Sportback unveiled, Ferrari 458 verdict
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Fiat will start test production of new models in Serbia in the second half of 2011, phasing out the Punto, which sells in Serbia and other neighboring markets, a Serbian Economy Ministry official said.
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The new A7 is a sleek, upmarket liftback previewed by the Sportback concept at the 2009 Detroit auto show. It goes on sale in North America early next year.
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Audi has unveiled the new A7 -- a sleek, upmarket liftback previewed by the Sportback concept at the 2009 Detroit auto show.
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Toyota will likely be able to build the popular Prius in the United States the next time the hybrid is remodeled, a top executive said on Tuesday.
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In the full hybrid arena, Toyota continues its utter dominance. Since 1997, it has made more than 2m vehicles using its Hybrid Synergy Drive system, and continues toward its goal of offering a hybrid variant of every model it builds.
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Volkswagen's premium car maker, Audi, expects sales this year to be significantly above 1 million vehicles, the unit's boss said.
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British car parts maker Tomkins Plc has recommended an offer from Canada's largest private equity firm, despite concerns from some shareholders that the 2.9 billion pounds ($4.5 billion) pricetag undervalues the company.
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Nissan said on Tuesday it will spend $600 million to upgrade its plants in Mexico and start making three new low-cost cars there, positioning Mexico as its supply hub for the Americas markets. The No.
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