Italy's new car sales fell 25.97 percent year-on-year in July, and Fiat's market share slipped below its target at 29.09 percent.
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Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Divesting Volvo completes Ford CEO Alan Mulally's strategy of exiting European luxury brands to focus on the core Ford brand, following the U.S.
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Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Geely named Stefan Jacoby, CEO of Volkswagen Group of America, to be the new CEO of Volvo Cars.
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Ford Motor Co., long known for pickups and SUVs, will emphasize cars, crossovers and fuel-efficient engines in the next few years. The company wants to be the fuel economy leader, and federal mpg standards are rising.
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So how does the car business cope with the loss of nearly 6 million annual sales in the space of three years? It reinvents itself -- top to bottom.
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Roger Penske is known for hefty investments in luxury and import dealerships. But the head of the nation's second-largest auto retailer says he has spotted a new opportunity: domestic franchises. Other big groups already are on the offensive.
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So is the redesigned 2011 Ford Explorer an SUV or a crossover? As automakers move away from traditional SUVs, they are creating different formulas. Some are closer to SUVs, such as the redesigned 2011 Jeep Grand Cherokee.
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It's not just the weather that attracts startup manufacturers of alternative-fuel vehicles to California. The state's Zero Emission Vehicle program has created a marketplace for credits earned by selling electric and other low-emission vehicles.
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The proliferation of alternative-vehicle startups poses difficult questions to suppliers.
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AvtoVaz shareholders have valued Russia's biggest carmaker at $2.4 billion (74.4 billion rubles) before its additional share issue planned for the end of this year, a company shareholder said.
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The little boy inside me is still alive and well. When I'm not doing crazy rides at the amusement park, I like to drive a car that's just as thrilling and smile-inducing. The 2010
Mazdaspeed3 definitely fits that bill.
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Nothing is more unnerving than breaking down in an unfamiliar area or in the middle of a busy highway far from home. Now motorists can request for roadside assistance anywhere in Canada and the U.S. The Canadian Automobile Association's (CAA) launched July 6, a new iPhone application: the CAA Roadside App!
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It was a victory celebration of high emotion.
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Nicola De Marco and Jolyon Palmer won both rounds presented at Brno. Palmer took the championship lead back after he briefly lost it on Saturday.
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Giaccomo Ricci took his first GP2 win in race 2 at Budapest after he led from start to finish.
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Sebastian Vettel moved up a place in the drivers' world championship on Sunday, but he ended the race with a long face.
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John Martin (Beijing Guoan) netted E100,000 ($200,000) by winning the five-lap dash-for-the-cash Super Final in round 7 of Superleague Formula by Sonangol at Brands Hatch, while the title fight swung back in favour of Yelmer Buurman (AC Milan).
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The FIA is set to ramp up its front wing flexibility tests amid the current controversy about the Red Bull and Ferrari cars.
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Detroit - General Motors today announced order and delivery dates, as well as final package specifications, for the 2011 Chevrolet Caprice Police Patrol Vehicle (PPV). The rear-wheel-drive Caprice PPV joins the front-wheel-drive Chevrolet Impala and the Chevrolet Tahoe PPV, making Chevrolet the only brand to offer a full line of police vehicles.
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Quebec racer Mikael Grenier and Conor Daly both claimed victory in the two races held this past weekend at Harrah's Autobahm Grand Prix in Joliet, Illinois.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up