Chinese auto parts makers are moving into the overseas mergers and acquisitions fast lane, eyeing a distressed global market to close a technology gap with world leaders to meet sizzling demand at home and eventually sell overseas.
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Tony Brown, Ford's purchasing chief, is splitting duties of his top two lieutenants to provide "a single point of contact" for suppliers. Birgit Behrendt has been appointed executive director of Ford's global programs and Americas purchasing.
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Geely Holding Group named Volkswagen's Stefan Jacoby as CEO of Volvo Cars, after completing its acquisition of the Swedish brand from Ford.
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Geely, the new Chinese owner of Volvo Cars, wants the Swedish carmaker, best known for its safety, to build cars that compete with the most expensive BMW and Mercedes sedans, its founder and chairman said.
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VW will keep adding to its more than $20 billion cash pile as it prepares for an acquisition spree that could help it overtake Toyota as the world's No. 1 carmaker by 2018.
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European automakers have been buoyed by better-than-expected first-half results but the good news won't last into the second half. What's worrying companies is that they are not sure how bad it will be.
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Tony Brown, Ford Motor Co.'s purchasing chief, is splitting duties of his top two lieutenants to provide "a single point of contact" for suppliers.
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General Motors unveils the price of the Volt this week, the customers should expand $41,000 to get one of the 600 Chevrolet able to travel 40 miles on its battery charge.
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Each year, the park of the Goodwood castle in Great Britain becomes the scene of the prestigious Festival of Speed.
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IZOD IndyCar Series officials have fined driver Helio Castroneves $60,000 and placed him on probation for the remainder of the season for his actions during and following the July 25 race at Edmonton City Centre Airport.
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Former Formula 1 driver Derek Warwick, who was working as a race steward this past weekend at the Grand Prix of Hungary, revealed at BBC's Radio 5 Live that Michael Schumacher was nearly black-flagged at the end of the race.
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Nelson Piquet Jr. will make his NASCAR Nationwide Series debut next Saturday at Watkins Glen, New York, driving for the Baker-Curb Racing team.
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Ford Motor Company's researchers are developing advanced crash avoidance systems that use wireless and GPS technologies. The system helps vehicles to communicate with each other in traffic and help drivers to avoid accidents.
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Result of the joint venture, this special edition GT-R is available in Japan to a special owners/racing club called The Prestige Club of GT-R. The price is about CAD $125,000, including membership fees to the club.
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Lewis Hamilton has vowed to contribute to McLaren's off-track efforts ahead of the final seven races of 2010.
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Canadian Patrick Carpentier will be back behind the wheel of a Sprint Cup car this weekend on the scenic road course of Watkins Glen.
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Vitaly Petrov boosted his chances of retaining his Renault race seat for 2011 with a strong weekend in Hungary.
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The FIA's World Motor Sport Council will consider Ferrari's team orders breach on 8 September.
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Antoine L'Estage added some lust to his already winning-full year last week-end in Los Angeles' Coliseum as he beat his Rally America rival Bill Bacon to a third place finish in this year's ESPN X Games.
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Jack Roush, co-owner of Roush Fenway Racing and chairman of ROUSH® Enterprises, was upgraded to fair condition Sunday evening at Mayo Clinic in Rochester, Minn., according to a RFR press release.
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