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Sep
22nd

CarMax profits rise 5% to $107.9 million in Q2; shares rise

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CarMax Inc., the nation's largest used-vehicle dealership group, said today that it posted solid revenue and profit growth in its most recent quarter amid continued strong demand for used cars. Net income grew to $107. Full story...
Sep
22nd

Paris auto show: Smart electrifies scooters:

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Mercedes-Benz's struggling Smart division will test public reaction to a new two-wheeled alternative to its signature Fortwo city car at next week's Paris motor show with the unveiling of this futuristic-looking, plug-in electric-powered scooter. Full story...
Sep
22nd

SWEDEN: Volvo Trucks ups deliveries by 47%

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Volvo Trucks' says vehicle deliveries increased during the first eight months of this year by 47% compared with the corresponding period last year. Full story...
Sep
22nd

Publisher KC Crain promoted to vice president/group publisher:

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AutoWeek publisher KC Crain, 30, has been named vice president/group publisher at Crain Communications Inc. Full story...
Sep
22nd

CHILE: Opel to launch in Chile

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Starting next year, Opel will begin selling vehicles in Chile, making it the first country in Latin America to launch the brand. Full story...
Sep
22nd

HUNGARY: Allison Transmission to build new plant

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Allison Transmission has unveiled plans to build a new manufacturing plant in Szentgotthard, Hungary. Full story...
Sep
22nd

2010 Acura TSX Tech, an AW Drivers Log:

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INTERACTIVE EDITOR DALE JEWETT: Here's the No. 1 thing I want everyone to know about this car--the clutch/shifter setup should become the industry standard. Full story...
Sep
22nd

ITALY: Fiat staying quiet on Daimler speculation

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Fiat is remaining tight-lipped surrounding reports of bidders for its industrial unit to be spun off from the main company. Full story...
Sep
22nd

Coda to price electric compact sedan at $44,900:

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Coda Automotive Inc. will begin delivering the first of its electric compact sedans in December priced at $44,900 before federal and state incentives. Full story...
Sep
22nd

VW to build engine plant in Mexico to supply Tenn. factory, source says:

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Volkswagen AG plans to announce Wednesday that it will build an engine plant in Mexico to supply vehicles assembled in North America, a source at the company's assembly plant in Puebla said. Full story...
Sep
22nd

ANALYSIS: US light vehicle market faces slow recovery

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The recovery path for light vehicle demand in the US remains slow and fragile, according to JD Power's director of automotive forecasting. Full story...
Sep
22nd

NETHERLANDS: Renault-Nissan agrees Amsterdam EV initiative

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Amsterdam city has inked a Definitive Agreement today (22 September) with the Renault-Nissan alliance to promote electric vehicles Full story...
Sep
22nd

Ford could see earnings decline through 2011, Credit Suisse says

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Ford could see its profits decline from 2010 to 2011 due to higher material and structural costs, said Credit Suisse, which expects the U.S. automaker's earnings momentum to come under further pressure if pension costs rise. Full story...
Sep
22nd

INDIA: BMW to increase production at Chennai plant

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BMW India says it will pump in more investment into India and announced capacity expansion with more models as its market share grows. Full story...
Sep
22nd

Hungary, Audi to hold press conference Thursday; plant expansion reported

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Hungarian Prime Minister Viktor Orban and Audi CEO Rupert Stadler will hold a joint press conference on Thursday at 15:30 CET, Hungary's government said on Wednesday. Full story...
Sep
22nd

Porsche-style stealth takeovers are targeted in bill before German cabinet

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German Chancellor Angela Merkel's Cabinet approved legislation making it more difficult for stealth takeovers such as Porsche SE's 2008 acquisition of shares in Volkswagen . Full story...
Sep
22nd

Fiat eyes opportunities amid Daimler speculation

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Fiat said it is looking at cooperation opportunities on Wednesday after a newspaper said its German rival Daimler is interested in its industrial arm. Full story...
Sep
22nd

US: Timken Company acquires QM Bearings

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Timken Company has completed the acquisition of QM Bearings and Power Transmission based in Ferndale, Washington. Full story...
Sep
22nd

PARIS PREVIEW: Land Rover to show Evoque

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The all-new Range Rover Evoque will make its global public debut at the 2010 Paris Motor Show on the 30th September 2010. Full story...
Sep
22nd

SWITZERLAND: ABB inks MoU with GM for battery research

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ABB and General Motors have signed a non-exclusive memorandum of understanding to cooperate on a research and development project to investigate uses for electric vehicle batteries once their useful life is over Full story...
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