Kia Motors America plans to sell 347,000 vehicles in the US this year, up 15% on the 2009 tally. Last year, the Hyundai Motor affiliate sold about 300,000 units there for a market share of about 2.9% market share.
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Asbury Automotive Group expects Toyota Motor Corp. to begin offering a "bold" and "aggressive" program of incentives to win back business lost because of its recalls, the dealership group's CEO said today.
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Toyota Motor Corp. President Akio Toyoda told lawmakers yesterday he first learned of problems with unintended acceleration only in late 2009 despite thousands of U.S. consumer complaints over the previous decade.
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Toyota Motor Corp.'s top executives acknowledged to lawmakers yesterday that the company has been deficient in sharing safety-defect information with countries outside the area in which it was discovered.
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Honda tuner MUGEN turns up the heat on the CR-Z hybrid
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TRW Automotive Holdings Corp.
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The U.S. Treasury Department will likely exit its investment in GMAC Financial Services this year through a gradual sale of shares following a public offering, two senior Treasury officials said today.
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Magna International has reported a narrower loss for the fourth quarter of 2009, helped by higher volume in Europe and North America.
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Hyundai's UK unit is to launch what it believes is an industry-leading aftersales package in a bid to find new customers after the government and automaker-funded scrappage scheme ends here on 31 March.
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TRW has exceeded expectations by reporting fourth quarter net earnings of USD141m or USD1.18 per diluted share, which compares to a net loss of USD946m or (USD9.35) per share in the prior year period.
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The US offices of three Japanese automotive parts suppliers to Toyota - Denso, Tokai Rika and Yazaki - were raided on Tuesday by the Detroit office of the FBI over allegations of price-fixing, media reports said.
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SENIOR EDITOR FOR NEWS BOB GRITZINGER: When you trade in and out of so many vehicles as we do here at AutoWeek--not that I mind; the breadth of knowledge is highly valuable--it is surprisingly pleasant to spend nearly two weeks in the...
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Analysts at JD Power are warning that while February's US light vehicle market is likely to come in higher than last year's, seasonally adjusted sales are forecast to be down on the recent trend as the market suffers the effects of the Toyota recalls and winter storms.
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Ford will tout its redesigned 2011 Super Duty pickup as the and#8220;most capable, fuel-efficientand#8221; heavy-duty truck on the market in a national advertising campaign that launches in April.
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Toyota Motor North America president and chief executive Yoshimi Inaba has agreed to extend nationwide a commitment he made to the New York attorney general to have recalled vehicles collected from the homes of owners who are afraid to drive them.
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General Motors's top executive in charge of developing batteries for the Chevrolet Volt plug-in hybrid is leaving to take a position with an unnamed startup battery company in California.
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U.S. car dealer Asbury Automotive Group Inc. today said it posted a small fourth quarter profit, reversing a year-earlier loss, as new vehicle sales recovered and cost cuts paid off.
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