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Feb
25th

Mclaren 675LT revealed – Pictures

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Feb
25th

JAPAN: Toyota I-Road to start Tokyo trial

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The Toyota i-Road micro-mobility vehicle is to enter a new car-sharing programme in central Tokyo in April. The electric three-wheeled vehicle is already being trialled as part of a co-ordinated public transport scheme (the i-Road providing 'last mile mobility') in Grenoble, France and has also been trialled in Toyota City.
Feb
25th

FRANCE: Valeo posts 2014 sales up 9% to EUR12.7bn

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Valeo has posted 2014 sales up 9% to EUR12.7bn (US$14.4bn), while net income rose 28% to 4.4% of sales.
Feb
25th

VW CEO Winterkorn sees former BMW, Daimler managers as potential successors, report says

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Volkswagen Group CEO Martin Winterkorn sees Andreas Renschler and Herbert Diess, who are joining VW from rivals Daimler and BMW, among his potential successors, according to a German magazine.
Feb
25th

Magna cuts sales forecast on weak Europe demand, approves stock split

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Canadian auto parts maker Magna International Inc. cut its revenue forecast for 2015, hurt by weak demand from Europe.
Feb
25th

US: Federal-Mogul records Q4 net loss of US$185m

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Federal-Mogul has posted a fourth quarter net loss of US$185m, but which includes the impact of non-cash impairment charges of US$140m and restructuring charges of US$24m.
Feb
25th

CANADA: Magna records Q4 net income up 11% to US$509m

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Magna has posted fourth quarter net income up 11% to US$509m, with sales of US$9.4bn, up 2%.
Feb
25th

New Audi TT misses out on top Euro NCAP rating

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Audi TT 2015 crash side
News 25 Feb, 2015

Audi's latest coupe is marked down to four stars in Euro NCAP crash test rating due to lack of safety tech

Feb
25th

Toyota says union pay demand ‘impossible’ because costs would jump

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Toyota rebuffed the largest wage increase proposal from its union since 1998, saying the raise would lift costs by about $168 million.
Feb
25th

VW says new Touran is lighter, roomier and more fuel efficient

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VW's new lighter, roomier Touran minivan will offer the biggest luggage compartment in its class, along with new active and passive safety features and seamless connectivity to Apple and Android smartphones, the automaker said.
Feb
25th

VW says new Touran is lighter, roomier, more frugal

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VW's new lighter, roomier Touran minivan will offer the biggest luggage compartment in its class, along with new active and passive safety features and seamless connectivity to Apple and Android smartphones, the automaker said.
Feb
25th

GENEVA PREVIEW: Qoros to show SUV model

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Qoros is to show its latest model - the Qoros 3 City SUV - at the Geneva Motor Show next week.
Feb
25th

US: Cooper Tire records 93% rise in 2014 net income

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Cooper Tire has posted 2014 net income of US$214m compared with US$111m the previous year.
Feb
25th

JAPAN: BASF and Toda Kogyo establish ‘BASF Toda Battery Materials’

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BASF and Toda Kogyo formally established 'BASF Toda Battery Materials' with the closing of their joint venture agreement announced in October 2014. The new company will provide cathode active materials (CAM) for lithium-ion batteries in Japan.
Feb
25th

GERMANY: Volkswagen shows off new Touran ahead of Geneva

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Volkswagen has unveiled its new Touran with the redesigned MPV shown to media at the Autostadt in Wolfsburg, not far from its production site.
Feb
25th

US: Volkswagen Chattanooga expansion underway

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Volkswagen says construction is underway at the Chattanooga manufacturing facility in preparation for production of a new midsize SUV.
Feb
25th

Aston says Vulcan supercar will cost $2.79 million

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Aston Martin said its 800-plus-hp Vulcan will cost 1.8 million pounds ($2.79 million) in the company's UK home market. Aston said the carbon fiber supercar is powered by the most potent iteration to date of the company's naturally aspirated, 7.
Feb
25th

Daimler labor chief queries pace of U.S. expansion on weak euro

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Daimler's plans to expand production in the United States should be recalibrated if the euro remains weak against the dollar, the automaker's top labor chief, Michael Brecht, said.
Feb
25th

Valeo sees further profit gain after beating 2014 goal

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Valeo is targeting a further boost in profitability this year after exceeding its 2014 goals on strong demand for emissions-cutting technologies and intuitive driving systems. The company's operating profit margin rose to 7.
Feb
25th

Jaguar Land Rover ‘is indeed looking’ at N.A. plant, Tata says

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Jaguar Land Rover is "indeed looking at North America as a location for another plant," said the chairman emeritus of owner Tata. His statement marks official confirmation of the British luxury maker's factory hunt.
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