Supplier Federal-Mogul on Tuesday reported strong Q4 2009 profitability, with higher gross margin (16% vs 13.9% a year ago), improved net income of US$43m, or $0.43 per share (Q4 2008: $530m loss), and $251m record cash flow with increased sales of $1.41bn compared with Q4 2008's $1.32bn.
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Dutch luxury carmaker Spyker's protracted purchase of Saab from General Motors was finally completed late on Tuesday afternoon.
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GM has completed the sale of Saab to Dutch luxury sports car maker Spyker Cars, marking the first successful sale of one of its four unwanted U.S. brands.
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General Motors Co. today completed the sale of its Swedish Saab brand to Dutch luxury sports car maker Spyker Cars NV, marking the first successful sale of one of its four unwanted U.S. brands.
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Toyota Motor global sales jumped 15.3% in January, despite the ongoing recall issues surrounding the brand. The data included the first increase in 16 months of export sales of the Toyota brand, despite a decrease in shipments to the Middle East and Africa.
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For the second year in a row, Dodge is offering a limited-edition Challenger that cannot be driven on the street.
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US Toyota dealers and plant workers have headed to Washington DC to support the automaker's senior executives as they attend three congressional hearings scheduled this week.
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A senior Republican lawmaker yesterday asked for an investigation into whether an aide to U.S. Transportation Secretary Ray LaHood sought to coach an insurer on what to tell congressional investigators about Toyotaand#8217;s safety defects.
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The Maserati Quattroporte Sport GT S Awards Edition will be revealed at the Geneva motor show. Maserati is celebrating six years of awards and raves for the sport sedan with its own special edition.
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The finish line is in sight for development of the next McLaren supercar, the MP4-12C. The project has entered the final phase of testing with a new round of prototypes that feature significant advancements from last year.
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The finish line is in sight for development of the next McLaren supercar, the MP4-12C. The project has entered the final phase of testing with a new round of prototypes that feature significant advancements from last year.
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Toyota recalled its Lexus IS 200 in the UK for floor mat entrapment almost 10 years ago without informing U.S. highway safety regulators. The action, listed on a UK government Web site and confirmed by a U.S.
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Toyota Motor Corp. recalled its Lexus IS 200 in the United Kingdom for floor mat entrapment almost 10 years ago without informing U.S. highway safety regulators.
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SENIOR EDITOR FOR NEWS BOB GRITZINGER: This car is absolutely fabulous, in appearance and performance, but then at $102,000--with $5,000 worth of special wheels--it probably should be.
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Hyundai will launch 10 new and revamped models in Europe within the next two years to boost its market share beyond the 2.75 percent it forecasts for 2010.
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Consumer Reports named Honda and Subaru as class leaders in its Automaker Report Cards published in its 2010 Annual Auto Issue. Toyota finished third even though the magazine suspended ratings for eight of its vehicles due to recalls.
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A Tennessee couple who experienced sudden unintended acceleration in a Lexus ES350 are among those expected to appear at a US Congressional hearing into the Toyota recalls later on Tuesday.
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