Is the auto boom over for central and eastern Europe? With the International Monetary Fund leading a 20 billion rescue deal for Hungary, auto executives and analysts fear other ex-communist countries will follow as growth slumps across the...
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Veteran Toyota sales executive Don Esmond will speak at the 33rd Automotive News World Congress in January in Detroit. Esmond, 64, is senior vice president for automotive operations at Toyota Motor Sales U.S.A. Inc.
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Joining the surge toward larger luxury coupes, Mercedes-Benz will ax the CLK after the 2010 model and replace it with a coupe and convertible based on the new E class.
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Using the new design standard that its dealers must meet, Mercedes-Benz USA is building a $220 million, 330,000-square-foot flagship dealership in Manhattan. The store, scheduled to open in early 2011, will replace a current company-owned store.
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As BMW dealers prepare for their year-end sales event, they are getting more factory money to advertise new and certified-used vehicles.
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With the collapse of sales in the Northeast because of the Wall Street meltdown and credit crunch, Mercedes-Benz is finally feeling the pinch, says its chief U.S. executive.
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The Toyota profit machine tumbled to a rare loss in North America. Toyota Motor Corp. now expects global operating profit to plunge 73.6 percent to ¥600.0 billion, or $5.83 billion in the fiscal year ending March 31.
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With sales plummeting 35 percent in October, Chrysler LLC dealers haven't had much to celebrate lately. But they were glad to hear on Friday that General Motors had called off merger talks with Chrysler.
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Toyota will restart Tundra production today, even though dealers aren't exactly clamoring to stock up on the full-sized pickup. With sales slumping, Toyota on Aug. 8 stopped building Tundras at San Antonio for three months.
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Auto dealers and suppliers are moving heaven and earth to adjust to an annual auto sales rate not seen in a quarter century: fewer than 11 million units. October sales plunged 31.9 percent to 838,592. The paltry 10.
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Without a federal bailout in the next three months or so, General Motors, Ford and Chrysler will face a financial collapse that could drag down suppliers, dealers and even import automakers.
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AFS Trinity Corporation has just announced that it will be pulling its XH150 hybrid SUV from the Los Angeles Auto Show and presenting it elsewhere in the city during that period. This announcement follows the decision of the manufacturers and the Los Angeles Auto Show authorities to muzzle AFS Trinity, as the fuel consumption of their vehicle has not been verified by the EPA.
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The real political motive behind the Renault F1 Team's opposition to immediate Formula 1 testing cuts has now emerged.
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A McLaren F1 director, Simon Roberts, has been appointed in a leading role with the Force India Formula 1 team.
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Adam Carroll (Ireland) and Filipe Albuquerque (Portugal) won both races in China, second round of the A1 Grand Prix championship. Malaisia leads the provisional classification.
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The Force India Formula One team has announced today a major new technical partnership with McLaren Applied Technologies (which is a company wholly owned by the McLaren Group) and with Mercedes-Benz HighPerformanceEngines.
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Numerous former formula one winners and drivers turned out to test on Sunday ahead of the Dubai based Speedcar stock car series. But Canadian driver Jacques Villeneuve was not present.
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The Force India Formula One team has announced today a major new technical partnership with McLaren Applied Technologies (which is a company wholly owned by the McLaren Group) and with Mercedes-Benz HighPerformanceEngines.
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Adam Carroll (Ireland) and Filipe Albuquerque (Portugal) won both races in China, second round of the A1 Grand Prix championship. Malaisia leads the provisional classification.
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An impressive crowd of 72,000 Daimler employees and motor sport fans celebrated Formula 1 World Champion Lewis Hamilton and his Mercedes-Benz driver colleagues from Formula 1 and DTM during this past weekend's Stars & Cars Day in Stuttgart, Germany.
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