Ford Motor Co. may report adjusted second-quarter profit of $1.62 billion tomorrow as CEO Alan Mulally's overhaul of the lineup lets the company charge more for new models. The second-largest U.S.
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General Motors on Thursday said it would acquire independent auto finance company AmeriCredit, in an all-cash transaction for US$3.5 bn, "to meet customer demand for leasing and non-prime financing for GM vehicles", giving it a captive finance arm for the first time since 2006 when it sold control of GMAC, (recently renamed Ally Financial).
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Richard Parry-Jones chairs the UK government's 'Automotive Council'. Here, he tells Dave Leggett how he sees the strategic challenges involved in meeting lower CO2 targets in motor transport, electric vehicle technology and how he sees the role of the Automotive Council. This interview is the second part of a two-part interview.
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The 2011 Lincoln MKZ hybrid will cost exactly the same as its conventional counterpart when it goes on sale this fall.
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Iran Khodro (IKCO) is convening a board meeting next week to discuss when it should begin mass production of its Runna family of cars.
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A Senate committee approved nearly $3.9 billion on Wednesday to support the launch of electric cars across the nation.
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NEWS EDITOR GREG MIGLIORE: Before I was even out of the gate at One AutoWeek Tower, the guard was drooling all over this Sonata, comparing it to a Mercedes-Benz.
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Drivers of most 2011 General Motors Co. vehicles will be able to use a smartphone to carry out functions usually found on a key fob -- such as remote starting, activating the horn and lights, and remote locking and unlocking of doors.
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An imminent explosion in Iranian fuel prices will see a domestic manufacturer provide up to 100,000 dual-fuel engines this year.
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Driven by better availability of consumer credit, U.S. demand for new vehicles should continue rebounding in the third-quarter, despite a tough comparison to 2009 because of the government's successful cash-for-clunkers program
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Fiat CEO Sergio Marchionne lifted his outlook for the European new-car market this year, as well as his forecast for Fiat's global sales.
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GM's planned return to the captive finance business through the purchase of AmeriCredit Corp. leaves the automaker's partnership with Ally Financial Services intact, assuring a continuation of floorplan financing for GM dealerships.
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Fiat is to make the new Multipla in Serbia rather than Italy. Sergio Marchionne made the switch sound very much like a punishment for the Italian unions which have been obstructing change and picketing Italian plants.
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French firm marks Rally Finland build up with its top 10 jump pictures.

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New drop-top Mercedes caught hot weather testing in USA.

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China has largely navigated its way through the global economic crisis and automakers are increasingly eyeing the country for growth, which is why a sign of weakness in the country's second fiscal quarter has left investors a little unnerved.
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Figures released by the Society of Motor Manufacturers and Traders (SMMT) show that car production levels in June continued this year's bounce-back from the depleted output levels of last year.
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