Mazda Motor has decided to biannually recruit top contract workers as regular employees to flexibly cope with the expansion of production and achieve cost cuts, company officials said Friday.
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South Korea's anti-trust watchdog on Friday said it had approved the sale of Ssangyong Motor to Mahindra and Mahindra.
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Chrysler is to invest US$600m at its 45-year-old Belvidere (Illinois) assembly plant to support the production of future models in 2012.
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Volvo made an operating profit in the third quarter, the Swedish carmaker said on Friday. Volvo did not disclose details, but said it has been profitable since the start of the year.
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Volvo made an operating profit in the third quarter, the Swedish carmaker said on Friday. Volvo did not disclose details, but said it has been profitable since the start of the year.
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Honda Motor said on Friday its net profit more than doubled to US$1.7bn for the three months to September, while it also upgraded its full-year profit forecast, and Mazda Motor also posted a healthy rise in earnings.
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Volvo may cut its auto supplier base by as much as 33 percent to reduce costs and simplify manufacturing, purchasing chief Bernt Ejbyfeldt said.
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Indian autoparts maker Motherson Sumi July-Sept net profit was INR859.8m compared with INR149.6m a year ago.
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General Motors is to invest US$190m in its Lansing Grand River assembly plant for the production of a new Cadillac model.
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Kia Motors said its third-quarter earnings soared a better-than-expected 65.8% from a year ago on increased deliveries at home and abroad and it now expects ti top 2m global sales this year for the first time ever.
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Ford is on target to reduce net debt to zero by the end of the year, chief financial officer Lewis Booth said.
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Japanese firm’s smallest hybrid on sale now, priced from £23,485.
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Spyker, the Dutch supercar maker that bought Saab in February, lowered this year's production forecast for the Swedish brand as the costs of the takeover led to a wider third-quarter loss.
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Spyker, the Dutch supercar maker that bought Saab in February, lowered this year's production forecast for the Swedish brand as the costs of the takeover led to a wider third-quarter loss.
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General Electric may jump-start the electric-vehicle industry with an order that CEO Jeffrey Immelt said will be the largest in history. GE will order 'tens of thousands' of the vehicles in about a week, Immelt said.
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Internet shopping by buyers of late-model used vehicles increased significantly in 2010, an indication that at least some new-vehicle intenders opted to buy a used vehicle instead of a new one. The J.D.
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GM said Thursday it is prepared to purchase $2.1 billion of preferred stock held by the U.S. Department of Treasury upon completion of its public offering. The move marks another step by the automaker to repay $49.5 billion in federal bailout funds.
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Porsche's 2011 Cayenne S hybrid will go on sale in the United States next month, carrying a $68,675 sticker price tag, including transportation. Porsche says the hybrid will accelerate from zero-to-60 mph (about 62kph) in 6.
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Bugatti introduced the Veyron supercar in India, undeterred by a 110 percent import tax that helps raise the retail price to $3.6 million.
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Tesla Motors, the maker of electric cars backed by Toyota, said the two companies are considering whether to build battery-powered RAV4 SUVs at the U.S. automaker's California plant.
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