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Feb
5th

New MINI Sport pack adds JCW hot hatch looks for less

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MINI Sport pack - front
News 5 Feb, 2015

MINI Sport pack brings racy styling additions, extra equipment and sports suspension from £3,300

Feb
5th

Ontario sells last GM shares for $875 million

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Ontario's government sold its last remaining General Motors shares acquired during the automaker's 2009 bailout, saying it would invest the $875 million of proceeds in an infrastructure fund.
Feb
5th

Honda, Subaru airlifting parts amid West Coast port labor talks

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Japanese carmakers including Honda and Subaru are shipping some auto parts to the US by air to bypass a labor dispute at West Coast ports that is delaying deliveries.
Feb
5th

Ford’s Europe unit hit by pension cost hike, Fields says

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Ford CEO Mark Fields said rising pension costs and Russia's sales slump led the automaker to scrap its profit target for Europe.
Feb
5th

Takata whistleblower willing to testify on deadly airbag flaws

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A former Takata engineer has told a US congressional committee he's willing to testify that he warned of deadly consequences before the company chose a design for airbags that were later recalled due to lethal flaws.
Feb
5th

GERMANY: Daimler books record results for 2014

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Despite record sales of 2.5m vehicles with a 10% rise in revenue, Daimler group EBIT was flat at EUR10.8bn for 2014 and net profit dipped EUR1.5bn. Operating EBIT rose EUR2.1bn, however.
Feb
5th

France offers up to 10,000 euros to encourage diesel drivers to switch to electric cars

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France will gradually align taxes on diesel and gasoline and offer a bonus of up to 10,000 euros ($11,422) to consumers who buy an electric car to replace an old diesel vehicle.
Feb
5th

UK car sales grew 7% in January but slowdown looms

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UK new-car registrations rose by 7 percent in January to their highest level for that month since 2007, but industry watchers expect growth to slow during the rest of the year.
Feb
5th

New Morgan heading to Geneva 2015. But what is it?

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Morgan Geneva teaser
News 5 Feb, 2015

British firm Morgan teases “new supercar” for Geneva; could be new Aeromax or Supersports model

Feb
5th

Daimler’s Q4 profit rises 10% on Mercedes boost

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Daimler's fourth-quarter operating profit increased 10 percent as new model launches helped the carmaker to raise sales and profit margins at Mercedes. Profit climbed to 2.82 billion euros ($3.2 billion), Daimler said.
Feb
5th

Daimler’s Q4 profit rises 10% on higher sales, margins at Mercedes

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Daimler's fourth-quarter operating profit increased 10 percent as new model launches helped the carmaker to raise sales and profit margins at Mercedes. Profit climbed to 2.82 billion euros ($3.2 billion), Daimler said.
Feb
5th

DS CEO wants upscale brand to have Audi-like impact

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Yves Bonnefont, the CEO of PSA/Peugeot-Citroen's upscale DS brand, hopes the unit's sales will eventually represent 10 percent to 15 percent of its parent's annual volumes #8211; up from 4 percent last year.
Feb
4th

10 automakers eye engineering firm, ex-regulator for Takata airbag probe

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A consortium of 10 automakers led by Toyota plans to hire an independent engineering firm and a former top U.S. auto safety regulator to investigate a rash of problems with airbags supplied by Takata, the group said.
Feb
4th

GM ramps up leasing business with captive financial unit

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GM Financial more than tripled its share of parent General Motors' US lease originations in the fourth quarter.
Feb
4th

U.S. fuel economy improves for first time since August, report shows

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The average fuel economy of light vehicles purchased in the US improved last month for the first time since August, increasing 0.3 mpg, according to a monthly report by the University of Michigan Transportation Research Institute.
Feb
4th

Western European sales up 7% in Jan. as southern markets rebound

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The car sales recovery in Western Europe gathered pace in January with a 7 percent gain as southern markets continued to bounce back.
Feb
4th

European car sales will grow 2% in 2015, industry association ACEA says

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European car sales are likely to rise by 2 percent this year, less than half last year's rate of growth, industry association ACEA said. Pent up demand in countries such as Italy and Spain will help boost sales, forecasters say.
Feb
4th

NEW ZEALAND: January sales a record for the month

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Sales of 11,667 new vehicles set a January record in New Zealand, according to the Motor Industry Association.
Feb
4th

“Cars at the bottom of the affordability scale shouldn’t be underestimated”

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Opinion World Car Awards
Opinion 4 Feb, 2015

Mike Rutherford gives his run-down of some of the contenders for this year’s World Car Awards

Feb
4th

U.S. prosecutors, pursuing more ’08 crisis cases, eye auto loans

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The U.S. Department of Justice says it is still pursuing cases tied to the height of the financial crisis in 2008 and using lessons learned from those probes to examine new areas like subprime car loans.
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