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Jul
30th

Uber launches car leasing unit, makes entry into financial services

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Uber Technologies has launched its own auto leasing subsidiary to seek more drivers, injecting the fast-growing ride services company directly into the financial services sector for the first time.
Jul
30th

GM pulls back on rental fleet sales, seeks better margins

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General Motors will probably report weaker sales than some key rivals do in July. The largest U.S. automaker said that's because it's selling fewer vehicles to rental-car agencies -- not a lack of love in dealer showrooms.
Jul
30th

Amazon hires ex-Top Gear presenter Clarkson for TV series

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Jeremy Clarkson, the TV presenter who was ousted as host of 'Top Gear' this year, will front a new show on Amazon.com in 2016, underscoring the online retailer's drive to push its streaming service with big-ticket names.
Jul
30th

Ford engine plant reopened after bomb threat

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Ford's engine plant in suburban Detroit was reopened this afternoon after the first shift was sent home earlier today because of a bomb threat.
Jul
30th

BorgWarner Q2 earnings fall 21%

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Auto supplier BorgWarner said its second-quarter earnings and revenue were hurt by the stronger U.S. dollar and lower-than-expected sales in China and other parts of the world.
Jul
30th

BMW drivers collect $1,000 to delay charging i3 in Calif. pilot

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In a new pilot program, a California utility is paying drivers of BMW electric cars to delay charging their vehicles when the power grid is under pressure.
Jul
30th

UK: Delphi Q2 results beat forecasts

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Delphi has posted strong second quarter results with net income up to US$667m on sales of US$3.86bn in the second quarter.
Jul
30th

UK: Profitable quarter sees FCA hike forecasts

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After second quarter 2015 profit rises of around 60%, Fiat Chrysler Automobiles (FCA) has revised upwards some of its full year forecasts.
Jul
30th

FCA’s Q2 profit rises 69% on strong NAFTA sales

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Fiat Chrysler Automobiles said its second-quarter net income rose 69 percent to 333 million euros ($364 million) on a strong performance in North America and record global Jeep sales.
Jul
30th

Fiat Chrysler lifts guidance after strong second quarter

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Fiat Chrysler Automobiles raised its full-year profit guidance after better-than-expected second-quarter results on a strong performance in North America and record Jeep sales.
Jul
30th

JAPAN: Currency and depreciation reduce Mazda profits

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Despite a 14.2% year on year rise in sales to JPY806,007m, Mazda Motor Corporation (MMC) booked a 5.4% rise in fiscal first quarter operating income to JPY53.3m and net income off 24.8% to JPY36.8m.
Jul
30th

FRANCE: Renault H1 operating profit up

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The Renault Group has reported a hefty rise in operating profit for the first half of 2015.
Jul
30th

GERMANY: Audi to debut OLED lighting at IAA

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Audi says it is presenting its next step OLED automotive lighting technology for the first time at the IAA in Frankfurt.
Jul
30th

GERMANY: Audi brand sets first half sales record

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Volkswagen's premium Audi Group division boosted operating profit 9.1% to EUR2.9bn in the first half of 2015.
Jul
30th

France prepares to sell 5% stake in Renault

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France is preparing to sell the 5 percent Renault stake it acquired earlier this year to secure a doubling of voting rights for longer-term investors, Economy Minister Emmanuel Macron said.
Jul
30th

JAPAN: Mitsubishi Motors sales and profits fall in first quarter

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Despite some rises in unit sales in key export markets, Mitsubishi Motors Corporation (MMC) posted falls in overall sales and profits in its first fiscal quarter to 30 June, 2015.
Jul
30th

GERMANY: Volkswagen Group operating profit rises

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Volkswagen Group boosted second quarter 2015 operating profit 4.9% to EUR3.49bn on sales up 9.9% to EUR56.04bn.
Jul
30th

French minister sees smoother return to Iran for Renault than PSA

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PSA/Peugeot-Citroen, previously the market leader in Iran, could find it more difficult to return to the country than rival Renault following a dispute over the carmaker's 2011 market exit, Laurent Fabius, France's foreign minister, said after talks...
Jul
30th

UK: Delphi ramps up acquisitions

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As the automotive supplier sector sees increasing restructuring, Delphi has announced it is positioning for growth with new acquisitions and investments in key automotive technology and product growth areas.
Jul
30th

FRANCE: Renault-Nissan Alliance RCI Banque boosts profits

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RCI Banque, which finances Renault-Nissan Alliance operations and dealerships, booked 2015 first half earnings before tax up 17.5% year on year to EUR422m.
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