Ed Whitacre is stepping down as General Motors Co. CEO on Sept. 1. He will be replaced by Daniel Akerson, who joined the GM board in July 2009 after a long career in telecommunications.
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Alfa Romeo adds more kit for less money for new MiTo special edition.
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General Motors' Vauxhall division says it has no plans to change advertising promoting its new lifetime warranty of up to 100,000 miles for new cars.
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World’s fastest Vauxhall to debut at VXR Power Festival at Silverstone.
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Vehicle sales in the Philippines increased by 37.7% year-on-year in July to 15,972 units, from 71,506 units a year earlier, according to data released by the Chamber of Automotive Manufacturers in the Philippines Inc (CAMPI). The association's president, Elizabeth Lee, attributed the ongoing sales growth to a "strengthening consumer and business confidence".
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Proton Holdings is looking to China to increase its exports in the current fiscal year to the end of March 2011. The company is targeting a 30% rise in overall car exports to 30,000 units, from around 23,000 units in the previous financial year.
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General Motors, the automaker 61 percent owned by the U.S. government, is seeking to raise $12 billion to $16 billion in an initial public offering, said a person familiar with the plan.
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General Motors Company today announced second quarter 2010 net income of US$1.3bn (earnings per share of $2.55) on revenue of $33.2bn. Earnings before interest and tax (EBIT) was $2.0bn.
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General Motors Company today announced second quarter 2010 net income of US$1.3bn (earnings per share of $2.55) - its largest quarterly profit since 2004 - on revenue of $33.2bn. Earnings before interest and tax (EBIT) was $2.0bn.
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Despite a $160 million quarterly operating loss by its European unit, GM on Thursday reported a $1.3 billion net profit for the April-June period -- its largest quarterly profit since 2004. The results surpassed the $865 million in net income the U.
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General Motors Co., poised to launch one of the largest public stock offerings in U.S. history this fall, today reported a $1.3 billion net profit for the second quarter -- GM's largest quarterly profit since 2004.
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Nano production at Tata Motor's Sanand plant will rise to 20,000 units per month as the Indian manufacturer looks to capitalise on the popularity of the model.
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BMW, General Motors, Toyota Motor and other carmakers will lose production of more than 2,100 vehicles a day in South Africa after halting output because of a strike that began Wednesday.
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Tata Motors is looking to increase its commercial vehicle business in "every sector."
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Maruti Suzuki, the dominant player in the Indian new car market has seen its share slip below 50% this month but is aiming to claw its way back by launching a record five cars in a single day this week.
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Jaguar Land Rover is working with Ford Motor Co. to increase supplies of engines after a larger-than-expected jump in sales left it facing a shortage.
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Indian utility vehicle maker Mahindra and Mahindra has been chosen as the preferred bidder to take over South Korea's bankrupt SUV specialist Ssangyong Motor.
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Skoda is halting production at its three plants in the Czech Republic after weekend floods damaged its key supplier's factory.
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Ford said it would start production of a new small car next year at the Romanian plant and will press ahead with its planned EUR675m (US$880m) investment in Craiova, west of the capital Bucharest.
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