Perhaps the single most breathtaking car of the fall auction season, a 1964 Aston Martin DB5--better known as the James Bond car--sold for $4.61 million to Ohio collector Harry Yeaggy on Wednesday at the RM Auctions Automobiles of London sale.
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PSA Peugeot Citroen called on Molex Inc. to resume severance payments to fired French employees and Renault SA vowed to review its ties with the U.S. supplier after France's government demanded a boycott over a labor dispute.
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PSA Peugeot Citroen called on Molex Inc. to resume severance payments to fired French employees and Renault SA vowed to review its ties with the U.S. supplier after France's government demanded a boycott over a labor dispute.
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Jeff Gordon rolls with a new sponsor for next year and Chevy has a new ad pitch ... But Wait, There's More!
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Spending for General Motors Co.'s new Chevy advertising blitz that starts tonight during the World Series is expected to top the $685 million the brand spent in all of 2008, GM marketing boss Joel Ewanick said today.
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Renault denied it was in talks with Troika Dialog about purchasing the bank's stake in AvtoVAZ, Russia's largest automaker
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Third-quarter Renault group revenues rose 7.6% year on year to EUR8,711m. Group unit sales rose 5.7% to 591,855 units compared to a global market increase of 4.6%.
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Renault said Q3 sales rose 7.6 percent because of growth in emerging markets such as Russia, Brazil and Argentina.
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Volvo Cars has begun to develop fuel cells to extend the operating range of electric car without any carbon dioxide emissions.
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Honda will unveil an electric-vehicle concept on Nov. 17 at the Los Angeles auto show. It will be accompanied by a new platform that shows off Honda's latest plug-in developments.
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Heated and cooled seat specialist Amerigon Incorporated has reported record revenues and a substantial increase in net income for the third quarter and nine months ended 30 September. This year's third quarter marks the company's fifth consecutive quarter of record revenues.
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Kongsberg Automotive Holding has opened a North American Technical Centre in Michigan today (27 October).
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BMW is recalling around 150,000 vehicles in the US market because of possible fuel pump failure.
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BorgWarner reported third quarter 2010 US GAAP earnings of $0.87 per share compared with $0.15 a year ago. Sales were up 37.3% from third quarter 2009 to a record $1,410.9m, the rise sharply higher than global vehicle production growth of approximately 10%. Operating income was $123.0m, or 8.7% of sales.
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Faurecia is to acquire the seat comfort technology unit of German group Hoerbiger Automotive Komfortsysteme GmbH
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Chrysler may benefit from further aid from US authorities in the form of a federal loan to help it retool factories to make more fuel efficient vehicles, reports suggested today
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"It will be difficult to convince large numbers of consumers to switch from conventionally powered passenger vehicles to hybrid electric vehicles (HEVs) and battery electric vehicles (BEVs)," JD Power said in a report.
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Revstone Industries is to purchase two operations from the Hoerbiger Group, strengthening its position in the fineblanking business.
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