An antitrust investigation into automotive wiring harnesses has spread across three continents and involves at least seven international auto suppliers.Investigators from the FBI this week raided the U.S. headquarters of Denso Corp.
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General Motors has approached previous bidders for its Hummer unit after a deal to sell the brand to little known Chinese firm Sichuan Tengzhong Heavy Industrial Machinery collapsed, a media report said on Friday.
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Economics and finance expert Laurence Dors starts at Renault on Monday, March 1. She will join the French automaker's top-level executive committee as an executive vice president July 1.
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Tata Motors has reported its consolidated Q3 financial results (for the quarter ended December 31) and revealed that its Jaguar Land Rover (JLR) unit turned profitable in the quarter.
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Hyundai hopes to bring the coupe version of its luxury Genesis model line into the UK and to sell it as a separate up-market brand alongside the existing range.
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General Motors' brands Vauxhall and Chevrolet have welcomed the announcement of a UK government grant subsidy for electric vehicles.
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Honda Motor launched its new CR-Z hybrid sports coupe in Japan on Friday (26 February, 2010). It's both the auto industry's first hybrid sports coupe and the first petrol-electric hybrid offered with a manual transmission (automatic is optional). The CR-Z combines a 1.5-litre i-VTEC engine and Honda's own Integrated Motor Assist (IMA)hybrid system.
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Ssangyong has clinched a deal to export 15,500 Kyrons to Vietnam over the next five years, as it embarks on a revival plan and looks to attract investors.
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Ssangyong has clinched a deal to export 15,500 Kyrons to Vietnam over the next five years, as it embarks on a revival plan and looks to attract investors.
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Volkswagen will demonstrate how eCall, Europe's emergency call system, works in real-life situations during the CeBIT technology show in Hanover March 2-6.
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Tata Motors Ltd., India's top vehicle maker, reported a rise in sales and margins at its Jaguar Land Rover unit as luxury buyers returned after the global crisis, helping send its shares up more than 6 percent.
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TRW Automotive Holdings Corp.
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Hybrid and electric cars won't be exotics any more at the 2010 Geneva auto show.
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German dealer group AVAG ended its 2008-2009 fiscal year with improved revenue and unit sales, helped by scrapping incentives. But an increasing shift toward cheaper cars in the below- 10,000 euros ($13,600) price segment is hurting revenue.
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BMW Group is using the Winter Olympics to launch a marketing campaign to convince shoppers that BMWs are engineered well but are fun to drive, too. George Sharpe Sr., chairman of the BMW Dealer Forum in the U.S.
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Porsche Cars North America says it has slashed its inventories in half in the past few months to about 45 days and expects to end incentive spending by the end of March.
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U.S. Mercedes-Benz dealers urged the automaker to open the faucet a tad on vehicle inventories, especially the M-class crossover and E-class coupe, as the automaker prepares for higher volumes in 2010. Factory officials told U.S.
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TRW Automotive Holdings Corp.
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Magna International Inc. co-CEO Don Walker, proponent of the supplier giant's acquisition strategy, indicated today that the company may be dialing back its takeover plans this year.
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