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Jul
28th

Prius Coupe revealed

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Two-door, hatch and SUV are set to join next Toyota Prius saloon, as the hybrid brand gets its own showrooms


Jul
28th

GKN will buy Getrag driveline business

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UK engineering giant GKN will to acquire the all-wheel-drive components businesses of Getrag, a privately held German company.
Jul
28th

BorgWarner raises 2011 outlook as latest profits, sales advance

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BorgWarner on Thursday reported higher quarterly profits, driven by increased demand for its fuel economy systems and technologies, and hiked its 2001 outlook. Sales rose 28 percent to $1.8 billion in the latest period.
Jul
28th

BorgWarner raises 2011 forecast as latest profits, sales advance

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BorgWarner today reported higher quarterly profits, driven by increased demand for its fuel economy systems and technologies, and hiked its 2001 outlook. Sales rose 28 percent to $1.8 billion in the latest period.
Jul
28th

Electric RAV4 gets the go-ahead

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The wraps came off the electric RAV4 last year, and Toyota bosses are about to put it into production


Jul
28th

GERMANY: Global growth will fuel VW’s profit increase

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Volkswagen said it expects revenues and operating profit to rise significantly this year, fuelled by growth in all regions which has helped operating profit to more than double in the first half of the year.
Jul
28th

Federal-Mogul mulls acquisitions, may spend up to $1.6B

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Federal-Mogul, after posting higher second-quarter profits and sales, said it's focused on growth and is evaluating acquisitions four months after considering putting itself up for sale. The supplier is able to spend as much as $1.
Jul
28th

SWEDEN: Saab union bares teeth with bankruptcy claim possible in 14 days

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Saab's largest white-collar union says unless its members are paid, it will file for the automaker's bankruptcy, a process that could start within two weeks.
Jul
28th

UK: ‘Premiumisation’ propels dealer Inchcape profits

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Rising sales of premium vehicles in Asia Pacific and emerging markets have helped drive a 10% rise in profit at multinational car dealer Inchcape.
Jul
28th

Dana posts higher profit, hikes outlook

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Auto parts maker Dana posted higher quarterly profits and raised its full-year profit outlook on higher production volumes. Net income rose to $61 million during the second quarter compared with $1 million in the year earlier period.
Jul
28th

GOLDING’S TAKE: Renault’s new man has a plan

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Renault this morning [28 July, 2011] was very full of the can-do and the must-do. As its new boss and his head bean counter fielded questions from sceptical investment analysts on the half-year financial results, two things became very clear. One: there is much to do. Two: Carlos Tavares, the chief operating officer, is well aware of it.
Jul
28th

GOLDING’S TAKE: Renault’s new man has a plan

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Renault this morning [28 July, 2011] was very full of the can-do and the must-do. As its new boss and his head bean counter fielded questions from sceptical investment analysts on the half-year financial results, two things became very clear. One: there is much to do. Two: Carlos Tavares, the chief operating officer, is well aware of it.
Jul
28th

FRANCE: Renault sees ‘quake supply issues receding

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Renault reported first half net income up 52% year on year to EUR1,253m on record sales of 1.4m units, up 1.9%, and group revenue up 7.3% to EUR21,101m.
Jul
28th

JAPAN: Toyota to boost China engine capacity 30% – reports

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Toyota Motor Corporation has declined to comment on a Japanese media report it would spend JPY20bn to JPY30bn (US$260m-$390m) to boost engine manufacturing capacity in China 30% to 1.3m units a year in 2013.
Jul
28th

Hyundai profit rises 37% after Japanese earthquake disrupts Toyota, Honda

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Hyundai Motor Co. had a 37 percent gain in second-quarter profit as the company increased production to fill the void left by disruptions at Japanese rivals. Net income was 2.3 trillion won ($2.2 billion) in the three months ended June 30.
Jul
28th

Renault unveils new-look Twingo

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Renault has released a picture of its refreshed Twingo, which the company says will be the first production vehicle to show the brand's new design identity. The updated Twingo will debut at the IAA in Frankfurt in September.
Jul
28th

US: GM CEO finally declares Opel "not for sale"

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General Motors has given its most categorical assurance to date that European division Opel will not be put up for sale.
Jul
28th

VW could consider F1 in 2018, motorsports boss says

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Volkswagen could consider a move into Formula One in 2018, the German carmaker's head of motorsports was quoted as saying.
Jul
28th

Volkswagen says higher costs will hit profit

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Volkswagen said rising commodity prices and a strengthening euro will damp earnings gains this year after reporting lower-than-expected profit.
Jul
28th

INDIA: Ford confirms second car and engine plants

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Ford on Thursday (28 July, 2011) said it would spend US$1bn building a second vehicle assembly and engine plant in India to meet growing local and export demand. The official announcement, after Ford signed an agreement with the Gujarat state government on Thursday, followed media reports, citing unofficial sources, on Wednesday.
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