Life is a journey. Throughout our years on this planet, we accomplish, we fail, we grow, we build and we destroy. You've all heard the expression that the only things that are certain in life are death and taxes. You'll agree with me that, although this statement is true, it's what we do in the meantime that obviously counts.
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General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB.
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With the automotive world gone "crossover" mad, the Dodge Nitro is becoming one of those endangered species -- an honest-to-goodness 4WD SUV.
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If there is one undeniable fact, it's that the presence of Danica Patrick in the IndyCar series has probably been the only positive thing that has allowed the series, which is, let's face it, limping badly, to stay on the radar of the North American, and even international, media.
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The BMW Group today announced at the Washington Auto Show the first results from a comprehensive study conducted in cooperation with the University of California (UC Davis) and consumers leasing MINI E electic vehicles as part of a year-long program to acquire real world use patterns.
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Volkswagen is remaining silent on speculation that group chief officer, electric traction, Karl-Thomas Neumann, is to run the manufacturer's Chinese operation.
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Volkswagen is remaining silent on speculation that group chief officer, electric traction, Karl-Thomas Neumann, is to run the manufacturer's Chinese operation.
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General Motors chairman and CEO Ed Whiteacre this afternoon told a Detroit press conference he would remain in the chief executive role for the foreseeable future. GM also expected to pay back US and Canadian government loans by June.
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The news last Friday morning had a lot of people talking. Johnson Controls beat Wall Street's expectations with its fourth-quarter earnings, the first in a series of announcements that is expected, over the coming days, to produce a number of strong financial results for suppliers. In North America, 2010 will be a case of the "haves" and the "have-nots", according to SupplierBusiness.
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Johnson Controls has posted a 15% fiscal first quarter sales increase to US$8.4bn ($7.3bn in Q1 2009) and record income from business segments of $406m versus a Q1 2009 loss. It also booked record net income with earnings per share of $0.52 ($0.43 a share excluding non-recurring items).
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Jaguar Land Rover is parting company with its chief executive, David Smith, potentially clearing the way for former Opel and BMW boss Carl-Peter Forster to take control.
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Mahindra & Mahindra shares lost as much as 3.4% in Indian trading on Monday afternoon after the tractor and utility vehicle specialist, which also assembles and distributes Mitsubishi models, reported unexpectedly lower third fiscal quarter net profit.
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Toy version leaked ahead of Geneva Motor Show unveil!
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PSA Peugeot Citroën on Monday announced an average pay increase of 1.9% had been agreed with its workforced after a second pay round meeting on 21 January.
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Toyota's global vehicle output last year dipped 22.4% to 6,371,291 units. All other Japanese automakers posted falls ranging from 9% (Suzuki; 2,387,533) to Mitsubishi's 39.5% plunge to 794,681 units.
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Shares in Spyker Cars soared 30% in early Monday trading to be the lead gainer in Amsterdam and were up over 39.5% just after 12:30GMT on speculation the Dutch luxury sportscar maker is close to a deal to buy Saab from General Motors.
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