Magna International Inc. said today its development of an electric hybrid car is on schedule for 2010, and it bolstered its efforts by buying a Michigan-based company that focuses on propulsion and energy management for electric vehicles.
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Canadian supplier Magna International Inc. today said it has acquired Bluwav Systems LLC. The suburban Detroit company makes electric and energy management systems, which regulate energy in hybrid electric, plug-in hybrid and full-electric vehicles.
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Ford Motor Co. said today its Cuautitlan, Mexico, assembly plant, near here, will be closed throughout 2009 while it is retooled for production of the Ford Fiesta sedan in 2010.
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Better Place, the electric car network group, has announced a deal to begin deploying an electric vehicle network in Australia.
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Better Place, the electric car network group, has announced a deal to begin deploying an electric vehicle network in Australia.
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Ford sales in China rose 7% year on year to 240,900 vehicles in the first nine months of 2008.
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The prospects of an alliance between Bridgestone and Continental AG took a hit, following a denial from the Japanese group that it was interested in a deal with its German rival.
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General Motors has retained Merrill Lynch to assist in exploring a potential sale of ACDelco, its global independent aftermarket parts business and a brand of GM Service & Parts Operations.
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Johnson Controls has reported net income for its fiscal year 2008 of US$979m and earnings per share from continuing operations of $1.63 on record sales up 10% to $38.1bn.
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WASHINGTON -- Senior Michigan lawmakers today opened the door to the federal government acquiring rights to ownership stakes in troubled automakers and suppliers.
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WASHINGTON -- Senior Michigan lawmakers today opened the door to the federal government acquiring rights to ownership stakes in troubled automakers and suppliers.
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Soft-top version of Bentley's flagship GT spotted.
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Chrysler on Thursday said it would eliminate one shift of production at its Toledo North Assembly Plant and pull ahead the previously announcued closure of its Newark, Delaware, assembly plant.
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Daimler has reported a third quarter net profit of EUR213m compared with a net loss of EUR1,533m a year ago as unit sales dropped 3% to 522,500 cars and revenue fell 7% to EUR23.8bn.
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Hyundai Motor Company has been hit by weaker global demand and the effect of strikes on production, leading to a 38% fall in third quarter net profits.
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Hyundai's new Indian-built, B-segment i20 will have anti-whiplash head restraints as standard to cater for the new, tougher Euro NCAP crash tests, which will assess whiplash injuries.
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Facing a looming energy crisis, the battle to produce lithium ion batteries to power hybrid and battery cars is heating up. Germany's Robert Bosch and Samsung of South Korea recently formed a joint venture SB LiMotive Co to compete with the likes of BorgWarner, Johnson Controls, TRW and Continental. By Andrew Cave and Karryn Miller.
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Fiat Group has reported a small trading profit gain for the third quarter but warned of deteriorating demand conditions that could impact the company's financial outlook.
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Nissan has declined to confirm or deny a US report that it is poised to take a 20% stake in Chrysler. And a senior Chrysler executive has suggested the automaker's cash pile is making it attractive to suitors.
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Chrysler LLC said on Thursday that it was closing one assembly plant early and eliminating a shift at another, resulting in 1,825 job cuts, as it responds to a shrinking U.S. auto market.
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