Fiat is to spin off its truck, industrial and maritime, agricultural and construction equipment business from its car and related component division.
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Fiat Group has returned to profit with a second quarter net income of EUR113m (US$145m).
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BMW expects Thai sales to rise by "at least 60%" in the second half of 2010, helped by the launch of the new 5-series model at the BMW Xpo in the 3rd quarter of the year. This would bring full-year sales to at least 3,750 units - compared with 2,356 units in 2009.
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New vehicle sales in Vietnam increased by 3.6% to 10,052 units in June, compared with 9,962 units a year earlier, according to data published by the Vietnam Automotive Manufacturers Association.
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New vehicle sales in the Philippines increased by close to 52% to 15,189 units in June, compared with 10,007 units a year earlier, according to data released by the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI).
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Fiat, which acquired 20 percent of Chrysler last year, returned to a quarterly profit on higher sales of trucks and agricultural machines and said it may raise its full-year forecast.
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Chrysler Group posted its second straight operating profit as the automaker continues to recover from its 2009 bankruptcy. The announcement was made today by CEO Sergio Marchionne in a call with analysts. Specific numbers will be revealed on Aug. 9.
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Mitsubishi, which is pinning its revival hopes on emerging markets, plans to introduce a global small car in China and possibly manufacture it there. The yet-to-be-named small car will have a 1.0- to 1.
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The SAIC-GM-Wuling joint venture will introduce a new brand -- Baojun -- to market its future lineup of passenger cars. The partnership among General Motors Co., Shanghai Automotive Industry Corp.
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Surging demand for German premium brands Audi, BMW and Mercedes-Benz helped push European auto production to its highest monthly total of 2010.
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Nissan and Renault were among the big winners in European sales in the first half as both bucked a downward trend in that hit Fiat, Ford and Toyota hard in June, leading to a third consecutive monthly decline in overall registrations.
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Hella KGaA Hueck and Co. contributes headlamps to the new adaptive lighting system on the new, second-generation Volkswagen Touareg.
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Led by Daimler, automakers led a positive second-quarter that also saw suppliers and retailers make gains. The shareholder value for European automakers increased 7.3 percent; partsmakers rose 4.1 percent and retailers edged up 0.
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Canadian James Hinchcliffe's race in Toronto did not go as expected as he crashed in the last lap of the Indy Lights championship Toronto 100 while fighting for a podium finish.
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Toronto, Ontario - Volvo Cars of Canada Corp., (VCCC) announced the start of its upcoming Naughty Volvo Tour to launch the All-New 2011 Volvo S60. The Naughty Volvo Tour will stop at three cities across Canada, starting in Montreal, QC, July 22 and 23, opening in Toronto, ON, July 26 to 28, and simultaneously in Vancouver, B.C., July 26 and 27.
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As part of its research and development of traffic management systems, IBM surveyed 8,192 drivers in 20 cities on six continents, getting feedback on issues such as commuting time, anger caused by driving in traffic, and the amount of time stuck in traffic as a first-ever Global Commuter Pain Index.
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Colliers' 10th annual North America Parking Rate Survey again indicates that parking garage owners and operators have managed to hold rates steady. Over the past year, Canadian and U.S. parking rates both registered little change, highlighting the high degree of stability in this often overlooked real estate sector.
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An original gathering planned for Saturday August 28 at Circuit Gilles Villeneuve as NASCAR driver Paul Menard to meet all the Ménards.
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The new BMW 1-Series M coupe is ready, but according to 1addicts.com you'll have to wait for next summer to drive it here in North America.
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