The Obama administration believes the recovery of the U.S. auto industry can be sustained and that it has the potential to grow. Senior White House economic officials told reporters on Wednesday that Ford Motor Co., General Motors Co.
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Tesla Motors posted a wider second-quarter loss on higher research and development costs as the electric car maker races to launch a new sedan in 2012. Tesla, known for its $109,000 Roadster, reported a second-quarter net loss of $38.
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Hyundai's entire U.S. vehicle lineup will achieve an average of 50 mpg by 2025, Hyundai Motor America CEO John Krafcik pledged on Wednesday.
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KAR Auction Services Inc., parent company of ADESA Inc., reported an increase in revenues and net income for its second quarter.
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Chrysler Group got a boost this week when Ally Bank, the former GMAC, lowered its credit-score threshold for Chrysler customers to qualify for a vehicle lease from 660 to 620.
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Lear Corp. and partner Comer Holdings LLC said today they plan to open a new assembly plant in the city of Detroit, creating more than 200 manufacturing jobs as early as next year.
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Hyundai Motor America will spend two-thirds of its U.S. marketing budget in September to promote research and raise public awareness of pediatric cancer, CEO John Krafcik said today. In addition, he said, Hyundai's 800 U.S.
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MANAGING EDITOR BOB GRITZINGER: Compared with our WRX long-termer from a few years back, this car is light-years better in terms of creature comforts and features.
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Ford Motor Co.'s Canadian sales in July were its highest for the month in 31 years, the company said today. Ford said it was the best selling automaker in Canada in July, selling 27,203 vehicles, up 2 percent from 26,788 the previous July.
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Subscribers and revenue at Sirius XM Radio jumped in the second quarter, fueled by improving demand in the auto sector and the pay-radio service customers' desire for premium programming.
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In today's News Brake: Alpina tunes the 5-series, U.S. auto sales rise in July, and an analysis of the fortunes of Lamborghini . . . But Wait, There's More!
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Hyundai needs more factory capacity in the U.S. and will announce plans to expand production within the next month or so, John Krafcik, CEO of Hyundai Motor America, said today.
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Hyundai needs more factory capacity in the U.S. and will announce plans to expand production within the next month or so, John Krafcik, CEO of Hyundai Motor America, said today.
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Hyundai's entire U.S. vehicle lineup will achieve an average of 50 mpg by 2025, Hyundai Motor America CEO John Krafcik pledged today. Speaking here at the Management Briefing Seminars, Krafcik said Hyundai's U.S.
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General Motors has ploughed US$5m into Bright Automotive to accelerated the Indiana automaker's IDEA plug-in hybrid commercial vehicle.
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General Motors has ploughed US$5m into Bright Automotive to accelerated the Indiana automaker's IDEA plug-in hybrid commercial vehicle.
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General Motors has ploughed US$5m into Bright Automotive to accelerated the Indiana automaker's IDEA plug-in hybrid commercial vehicle.
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Mercedes-Benz car sales grew by just over 17 percent in July, driven by Chinese demand for its most expensive models, suggesting a strong start to the third quarter.
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Safety systems specialist TRW Automotive said second quarter 2010 sales rose 24% to $3.7bn while net earnings of $227m, or $1.78 per share, compared to a net loss of $11m or ($0.11) per share. Q2 operating income was a record $322m compared with $44m a year ago.
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