French car parts maker Faurecia has posted a jump in third quarter sales and raised its full-year targets on expectations of sustained growth in the fourth quarter.
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Toyota chief Akio Toyoda has denied the company is looking to increase production overseas at the expense of its domestic factories as the surging yen makes it more costly to produce vehicles in Japan.
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Indian auto parts makers Bharat Forge Ltd and Motherson Sumi Systems reportedly are expected to announce big rises in fiscal second quarter (July-September) net profits boosted by higher domestic sales and reviving overseas operations.
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Audi's famous name returns will all-new flagship A1, promising the pace and looks to live up to the rally legend.
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Official sketch shows how Evoque-rivalling X4 could look.
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Porsche is counting on hybrid drive to help reduce its fleet CO2 emissions. 'In the future, we will have hybrid drive in every model line," development chief Wolfgang Duerheimer said.
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Porsche is counting on hybrid drive to help reduce its fleet CO2 emissions. 'In the future, we will have hybrid drive in every model line," development chief Wolfgang Duerheimer said.
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Sumitomo Mitsui Financial Group Inc. expects to overtake Ford Motor Co. as the largest shareholder in Mazda Motor Corp., according to the bank's chairman.
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Ford is reportedly considering selling most of its 11% stake in Mazda Motor, itself already whittled down over the years from about one-third.
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Toyota Motor plans to produce the Prius hybrid model in Thailand, possibly from next year, following its launch at the Bangkok motor show in November. Thailand will become the third country to produce the model, after Japan and China.
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New vehicle sales in Indonesia increased by 32% to 49,137 units in September, from 37,208 units a year earlier, according to data released by industry association Gaikindo.
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Faurecia raised its full-year targets on expectations of sustained growth in the fourth quarter, after posting a jump in third-quarter sales. Third-quarter product sales more than doubled in North and South America and rose 65.
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There's a strange disconnect surrounding Better Place, the company best known for its plan to extend the range of electric vehicles by relying on speedy battery swaps. Automotive executives are nearly unanimous in dismissing the idea.
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If there's a silver lining in the weak U.S. auto market, this may be it: Anemic new-car sales will mean short supplies of used cars in two or three years.
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About 100 General Motors Co. workers and retirees picketed outside the UAW's headquarters to protest plans to build a new small car with low-wage workers.
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Auto supplier Johnson Controls Inc. will team with Japanese electronics maker Hitachi Ltd. to develop lithium ion batteries for electrified drivetrains, the companies said today.
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Fiat's largest union protested in Rome against CEO Sergio Marchionne's proposal to curb strikes and increase shifts at the company's Pomigliano d'Arco car factory in southern Italy.
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Sumitomo Mitsui Financial Group will become the largest shareholder in Mazda Motor, the bank's chairman said. Ford, Mazda's largest current shareholder, owns about 11 percent of the automaker and held a 33 percent stake until November 2008.
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Chevrolet is taking the Volt plug-in hybrid to the masses with a big marketing campaign that includes World Series commercials this month. Trouble is, the supply of the cars will be anything but big in the first year of production. General Motors Co.
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The redesigned 2012 Volkswagen New Beetle will undergo an evolutionary styling change when production begins next year. Spy photographs of the car reveal that all of the sheet metal has been replaced, but the overall design remains retro.
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