Asbury Automotive Group Inc.and#8217;s restructuring effort in 2009 helped the company become more efficient and turn a profit even during the worst sales environment in more than 27 years, CEO Charles Oglesby said today.
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Indonesian automotive distributor PT Astra International has reported a 62% jump in fourth quarter net profit, helped by currency gains.
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Tata Motors has announced the completion of a GBP340m loan from the European Investment Bank (EIB) to Jaguar Land Rover (JLR).
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Japan's top newspaper on Thursday accused US lawmakers of painting Toyota as a "villain" over its safety flaws.
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Japanese prime minister Yukio Hatoyama on Thursday said he expected Toyota to make efforts to ensure safety and undertake necessary improvements after massive recalls while the industry minister Masayuki Naoshima was concerned about possible damage to the reputation of domestic manufacturers.
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German supplier Leoni is being investigated by the EU as part of a probe into the automotive electronic components industry.
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Leoni and some of its rivals are being investigated by EU antitrust regulators for suspected price fixing and could be fined if found in breach of the rules.
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The parent company of Geely Automobile Holdings has said it plans to buy Chinese automaker Zhejiang Zhongyu Automobile Co.
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Honda Motor Co. launched the sporty CR-Z model, its second in a line of low-cost hybrid cars aimed at meeting stricter environmental regulations and expanding sales in the tough global car market.
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After Toyota Motor Sales USA president Jim Lentz faced the US House of Representatives Committee on Energy and Commerce hearing on Tuesday, all eyes yesterday were on his boss, Toyota Motor Corporation president Akio Toyoda, as he appeared before the House Committee on Oversight and Government Reform.
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Magna International Inc., which last fall lost out on a bid to acquire General Motors Co.'
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Magna International Inc. co-CEO Don Walker, proponent of the supplier giant's acquisition strategy, indicated today that the company may be dialing back its takeover plans this year.
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Porsche has released details of its new, greener Cayenne SUV that will debut at the Geneva auto show on March 2.
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India's Tata Motors said its Jaguar Land Rover unit has received a 340 million pound ($458 million) loan from the European Investment Bank (EIB).
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Microsoft has been developing its presence in the automotive sector for a number of years and working with several manufacturers on the software that helps the interface between driver and the increasingly sophisticated in-cabin telematics environment. Microsoft's Greg Baribault explains the firm's automotive sector presence and strategy
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The Porsche Cayenne is credited with expanding the breadth and scope of the brand, bringing some of the company's legendary sports-car genes to family-hauling utility vehicles.
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General Motors last night said Sichuan Tengzhong Heavy Industrial Machines (Tengzhong) was "unable to complete" the acquisition of its Hummer SUV unit. "As a result, GM will begin the orderly wind-down of the Hummer operations," it said in a statement.
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General Motors last night said Sichuan Tengzhong Heavy Industrial Machines (Tengzhong) was "unable to complete" the acquisition of its Hummer SUV unit. Tengzhong told news agency AFP it withdrew its offer because it could not obtain regulatory approval from Chinese authorities.
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The British government will give up to 5,000 pounds ($7,668) to anyone who buys an "ultra-low carbon" car starting next year, the Department of Transport said on Thursday.
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