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Feb
25th

GM estate’s bankruptcy plan accepted by unsecured creditors

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Old General Motors' plan to liquidate unwanted businesses in bankruptcy was accepted by creditors holding $17.9 billion, or 85 percent, of its unsecured debt, according to court documents.
Feb
25th

Supplier Continental Plastics preparing for sale

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Independent plastics parts supplier Continental Plastics Co. is negotiating to sell the 60-year-old firm to a buyer from within the industry.
Feb
25th

THE WEEK THAT WAS: Trying tiny Toyota while GM reports

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For once, I escaped being shackled to the laptop for a couple of days this week to sample Toyota's new Verso-S (Ractis in Japan), which, after a gap of some five years, replaces the old and much-loved Yaris Verso. More on that next week. Meanwhile, back at the ranch, all eyes were on GM's 2010 results and, we trust, your eyes were on our Mr Golding's gimlet-eyed review of same.
Feb
25th

CHINA: Volvo Cars getting one, maybe two, new plants

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Zhejiang Geely Holding Group owned Volvo Car Corporation on Friday said it would consider a second car manufacturing plant in Daqing, China, as well as the one planned for Chengdu.
Feb
25th

FRANCE: Saint-Gobain reports operating income up

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Saint-Gobain has released its full year 2010 financial results and reported strong growth of operating income.
Feb
25th

Chrysler: Fiat’s U.S. rollout behind schedule

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Chrysler is behind schedule in opening Fiat showrooms in the U.S. and expects most of the 130 planned stores to be operating by September.
Feb
25th

COLOMBIA: First vehicle scrapping centre opens

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Cesvi has opened the first specialist vehicle scrapping centre in Colombia, on the outskirts of Bogotá, where there is an installed capacity of 88 units per month to recycle as much as possible.
Feb
25th

FRANCE: Valeo swings back to net profit

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Valeo swung to net profit in 2010. The group recorded a net profit of EUR365m, compared with a 2009 net loss of EUR153m.
Feb
25th

COLOMBIA: Renault to ship Dacia Duster to Mexico

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After an investment of EUR20m, Renault will assemble and export the Dacia Duster to México at the rate of 10,000 a year, local sources told just-auto.
Feb
25th

Ferrari FF rolls through snow, desert in video:

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The buzz over the Ferrari FF has died down a bit since its initial unveiling in late January. But the fervor will rise again as the car gets a public debut at the Geneva motor show next week.
Feb
25th

GERMANY: 2010 Volkswagen’s best year yet

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Volkswagen on Friday said 2010 "was the best year in the history of the group" after booking operating profit up from EUR1.9bn in 2009 to EUR7.1bn on sales of EUR126.9bn (EUR105.2bn).
Feb
25th

VW 2010 profit surges sevenfold on Chinese demand

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VW, Europe's biggest automaker, said profit surged sevenfold last year and forecast higher earnings in 2011 on Chinese demand. The shares gained the most in four months. Net income increased to 6.84 billion euros ($9.
Feb
25th

VW tops Ford as world’s most profitable automaker

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Volkswagen AG passed rival Ford Motor Co. in the auto industry earnings race last year on surging demand in China. Net income surged sevenfold to 6.84 billion euros ($9.42 billion), the German automaker said today. Ford posted 2010 profit of $6.
Feb
25th

FRANCE: Renault espionage case "score settling" says lawyer

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A lawyer representing one of Renault's sacked executives allegedly involved in its espionage case, is maintaining the affair is linked to score settling within the automaker, following the leak of a letter alledging bribe taking.
Feb
25th

2012 Mazda 5, an AW Flash Drive:

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What is it?
Feb
25th

Saab concept to showcase future styling:

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Saab will unveil a concept vehicle at the Geneva auto show that shows the future styling direction for the automaker.
Feb
25th

RUSSIA: GAZ plant to build VW and Skoda

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Volkswagen and GAZ have confirmed recent rumours of a production joint venture in Russia.
Feb
25th

Saab’s Arctic Adventure

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Saab's Arctic Adventure
Saab Arctic Adventure - Features - Automobile Magazine
Message from Sweden: Saab is still alive

Independence Day is celebrated here on July 4th, with friends, family, fireworks, and a barbeque. But the folks at Saab are doing it a bit differently. You see, Independence Day has a whole different meaning for Saab; February marks its one-year anniversary since its separation from GM and to the shock of many outside the auto industry, they are still alive and producing cars. All they have to do is get the word out.


Photo Gallery: Saab Arctic Adventure - Features - Automobile Magazine


Feb
25th

INDIA: Toyota starts on new plant

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Toyota has started constructing a plant near Bangalore to make engines for its new Indian-made Etios compact car from autumn 2012 with annual capacity of 100,000.
Feb
25th

INDIA: Toyota starts on new plant

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Toyota has started constructing a plant near Bangalore to make engines for its new Indian-made Etios compact car from autumn 2012 with annual capacity of 100,000.
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