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Jul
30th

CHINA: Baidu apes Google with autonomous car project

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Chinese search engine firm Baidu Inc, widely known as China's Google, is following Google and working on its own version of a self-driving car.
Jul
30th

UK: Driverless cars to be allowed on UK roads in 2015

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The UK government has announced that driverless cars will be allowed on public roads in trials from January next year.
Jul
30th

FBI report reveals autonomous car terror threat

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Autonomous cars
News 30 Jul, 2014

Leaked FBI report says driverless cars could be used as weapons

Jul
30th

US/JAPAN: Panasonic to supply machinery for Tesla’s Gigafactory

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Panasonic and Tesla have reportedly entered into an agreement involving Panasonic's participation in Tesla's upcoming Gigafactory, according to newswire reports.
Jul
30th

Hyundai recalls 883,000 Sonata sedans to repair transmission-shift cable

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Hyundai is recalling about 883,000 Sonata mid-sized sedans in the United States and Puerto Rico because a potentially defective transmission-shift cable could increase the risk of a crash.
Jul
30th

FRANCE: Renault profits should go “hand in hand” with social element: CFDT

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Renault's moderate Confédération française démocratique du travail (CFDT) union says the automaker's healthy half-year results announced yesterday (30 July), should go "hand in hand" with the company's social responsibilities.
Jul
30th

UK: GKN’s sales down 2% to US$6.04bn in H1/2014

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GKN's sales for the six months ended 30 June 2014 was down 2% to GBP3.56bn (US$6.04bn) compared with GBP3.64bn in the same period a year ago.
Jul
30th

Penske Q2 net income rises 18% on strong gains in all segments

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Penske Automotive Group's second-quarter net income rose 18 percent from the year-earlier period on higher new- and used-vehicle unit sales.
Jul
30th

Penske Q2 net income rises 18% on strong gains in all segments

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Penske Automotive Group said second-quarter net income rose 18 percent from the year-earlier period, on higher new- and used-vehicle unit sales. The UK accounted for 35 percent of the group's revenues, up from 34 percent.
Jul
30th

CHINA: Toyota’s subsidiary TMCAP starts production of CVTs

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Toyota's (TMC) vehicle powertrain production subsidiary in Changshu, China, Toyota Motor (Changshu) Auto Parts (TMCAP), has held a ceremony to officially mark the start of localised production of continuously variable transmissions (CVTs), which is a first for Toyota outside Japan.
Jul
30th

FRANCE: Peugeot-Citroën edges into the black

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PSA Peugeot Citroën reported a profit for the first time in three years as cost cutting measures, including the closure of a plant near Paris, began to help the company turnaround by reducing its break-even point.
Jul
30th

JAPAN: Mazda’s global production rises 7% in H1

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Mazda produced 608,784 cars in the first half of the year, a 7% rise over the same period in 2013.
Jul
30th

ITALY: Rome mulls new car sales incentives

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Car sales in Italy, growing at half the overall pace of the rest of the EU, could be boosted by tax incentives, according to news agency reports.
Jul
30th

US: GM faces lawsuit from alleged ignition switch victims

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GM faces a lawsuit filed on behalf of 658 people who it is alleged either died or were injured due to the automaker's ignition switch defect.
Jul
30th

BMW M235i burns rubber in Drift Mob vid

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BMW M235i drift video
News 30 Jul, 2014

BMW has released a video of its new M235i performance coupe in a flashmob-style drifting demonstration.

Jul
30th

ITALY: Fiat second quarter net profit plummets 54% to EUR197m

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Fiat has unveiled second quarter net profit plunging 54% to EUR197m (US$264m), although worldwide shipments rose 2% to 1.2m units.
Jul
30th

New Mercedes S-Class Coupe prices announced

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Mercedes S63 AMG front
News 30 Jul, 2014

Mercedes-Benz confirms its new S-Class Coupe will arrive in the UK this September, priced from £96,565

Jul
30th

US: Ford looks at plug-in EVs talking to energy firms

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Ford says it is collaborating with seven global automakers and 15 US utilities to develop technology that would allow plug-in electric vehicles to exchange messages with energy providers.
Jul
30th

US: Paccar posts second quarter earnings up 9% to US$319m

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Paccar has unveiled second quarter earnings up 9% to US$319m, with sales and financial services revenue of US$4.57bn, up 6%.
Jul
30th

Fiat targets improved Chrysler margins to meet ’14 profit goal

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Fiat plans to review leasing and incentive practices in North America to boost margins and meet global full-year earnings targets after second-quarter operating profit in the region fell 18 percent, despite a 7 percent rise in sales.
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