Chrysler on Monday announced an operating profit of $198m in Q4 2010 and $763m for the full year saying improved sales mix and pricing, industrial efficiencies and improved quality more than offset lower volumes, increased advertising investment and higher launch costs.
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Iranian automaker IKCO is developing its spare parts and after sales service arm to supply 35 countries.
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Tata may look outside India to expand sales of its Nano budget car as sales at home slow down.
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Iranian automaker IKCO has established a spare parts and after sales service arm to supply 35 countries.
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Chrysler, the U.S. automaker operated by Fiat, reported a $199 million fourth-quarter net loss that was its largest of the year as the company shipped fewer vehicles while introducing new models.
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Here we go: back to the bad old days at Ford. Alan Mullaly's sprucing up of Ford's processes has just neglected to keep an eye on the crucial matter of managing profit expectations.
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Here we go: back to the bad old days at Ford. Alan Mullaly's sprucing up of Ford's processes has just neglected to keep an eye on the crucial matter of managing profit expectations.
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Vehicle production in Japan rose for the first time in three years in 2010, up 21.3% over the previous year to 9,625,940 units.
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Nissan has suspended production at its plant in Egypt to ensure employees' safety after anti government protests, officials said.
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Ford's new supercar features V8 hybrid drivetrain and will take on McLaren and Ferrari - but cost less than both.
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Last year saw the Renault-Nissan Alliance sell a record 7,276,398 vehicles, up 19.6% increase over 2009 in a market that expanded by 11.8%.
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New Zealand-based private investment company Rank Group is to acquire Honeywell's automotive Consumer Products Group (CPG) business in a cash transaction valued at around US$950m.
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Key Plastics said it would close its operations in Hartford City, Indiana consolidating the business into its other North American manufacturing sites during 2011.
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Two U.S. firms that claim Porsche cost hedge funds more than $2 billion by misleading short-sellers in its acquisition of VW shares in 2008, appealed a judge's ruling dismissing their lawsuits against the sports-car maker. U.S.
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Two U.S. firms that claim Porsche cost hedge funds more than $2 billion by misleading short-sellers in its acquisition of VW shares in 2008, appealed a judge's ruling dismissing their lawsuits against the sports-car maker. U.S.
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BMW is re-introducing a four-cylinder engine to the US for the first time in since 1999.
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German automotive supplier Continental has begun negotiations with lenders to refinance 5.3 billion euros ($7.2 billion) in loans coming due next year, three people with knowledge of the discussions said.
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Honda raised its annual profit outlook above market expectations as a recovery in the key U.S. market helps counter the strong yen and sliding Japanese sales, which weighed on third-quarter earnings.
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Honda raised its annual profit outlook above market expectations as a recovery in the key U.S. market helps counter the strong yen and sliding Japanese sales, which weighed on third-quarter earnings.
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