Aggressive cost cutting helped Toyota Motor Europe drastically lower its operating loss despite a sharp unit-sales decline in the year ending in March. Toyota Europe's operating loss shrank to 33 billion yen ($357 million) from a loss of 143.
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Tata Motors says it has "no knowledge" of reports circulating in the Indian press it would sell INR1bn (US$22m) of bonds in the next few days.
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UK factory production surged more than five times as much as economists forecast in March in the biggest jump since 2002 as the weakness of the pound stoked exports from cars to metals. Manufacturing output rose 2.
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Imperial Holdings is expected to report up to 45% improved figures for its full year, helped mainly by its auto retailing division.
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Asian analysts polled earlier today (11 May 2010) have said the Toyota Motor Corporation 2010/11 fiscal full-year forecast announced on Tuesday was weaker than expected and suggested exchange rates may affect the automaker's results.
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Renault SA plans to more than double shipments of parts from India, cutting costs and boosting ties with suppliers as it re-enters Asia's third-biggest auto market.
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Toyota Motor Corporation (TMC) is estimating its global recall of more than eight million vehicles has cost it around JPY170bn (US$1.83bn) to JPY180bn.
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Due to a recent surge in popularity, second-hand parts for Audi's Quattro are becoming increasingly hard to get hold off.

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Popularity of BBC TV show means second-hand parts for Audi's Quattro are becoming hard to get hold of.

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Ford has announced its plans to build five new electric and hybrid models by 2013 including the new C-MAX.
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Ford has announced its plans to build five new electric and hybrid models by 2013 including the new C-MAX.
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Toyota Motor Corporation (TMC) returned to operating profit in the financial year ended 31 March, 2010, on revenue down just 7.7% year on year to JPY18.95 trillion. The operating profit of JPY147.5bn compared with the staggering JPY461bn loss booked in fiscal year 08/09.
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Places still available for Silverstone trackday, plus win a chance to race a Nissan 370Z!

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The European Union has imposed provisional anti-dumping duties of up to 20.6 percent on imports of aluminum wheels originating from China following a complaint of unfair competition from European manufacturers.
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SKF, the world's biggest bearings maker, has raised its volume growth outlook slightly for the second quarter after seeing demand continue to strengthen in April, its top executive said on Tuesday.
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Market watchers like us expected western European new-car sales to start to decline in April and that is what happened. Unfortunately, there is more bad news. J.D. Power now expects western Europeand#8217;s new-car sales to be static at 12.
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The first Aston Martin Rapide left the factory amid considerable fanfare, and the sedan will soon begin arriving in 125 showrooms in 34 countries. This culminates the long road to production that began in concept form at the 2006 Detroit auto show.
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Porsche and new owner Volkswagen are considering more technical cooperation and vehicle platform sharing. A decision will be made within six months, Detlev von Platen, CEO of Porsche Cars North America, said in an interview.
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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