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Feb
25th

2011 Ford Super Duty: Pickup has more pickup and more mpg:

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Ford will tout its redesigned 2011 Super Duty pickup as the and#8220;most capable, fuel-efficientand#8221; heavy-duty truck on the market in a national advertising campaign that launches in April. Full story...
Feb
25th

US: Pace of market recovery has ‘hit a speed bump’ – JD Power

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Analysts at JD Power are warning that while February's US light vehicle market is likely to come in higher than last year's, seasonally adjusted sales are forecast to be down on the recent trend as the market suffers the effects of the Toyota recalls and winter storms. Full story...
Feb
25th

US: Toyota extends additional recall services nationwide

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Toyota Motor North America president and chief executive Yoshimi Inaba has agreed to extend nationwide a commitment he made to the New York attorney general to have recalled vehicles collected from the homes of owners who are afraid to drive them. Full story...
Feb
25th

GM’s top battery executive for the Volt to join California startup:

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General Motors's top executive in charge of developing batteries for the Chevrolet Volt plug-in hybrid is leaving to take a position with an unnamed startup battery company in California. Full story...
Feb
25th

Asbury says new-car sales revival, cost cuts propelled Q4 profit

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Asbury Automotive Group Inc.and#8217;s restructuring effort in 2009 helped the company become more efficient and turn a profit even during the worst sales environment in more than 27 years, CEO Charles Oglesby said today. Full story...
Feb
25th

Dealership group Asbury posts Q4 profit on sales gains

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U.S. car dealer Asbury Automotive Group Inc. today said it posted a small fourth quarter profit, reversing a year-earlier loss, as new vehicle sales recovered and cost cuts paid off. Full story...
Feb
25th

INDONESIA: PT Astra International sees Q4 profit jump

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Indonesian automotive distributor PT Astra International has reported a 62% jump in fourth quarter net profit, helped by currency gains. Full story...
Feb
25th

INDIA: EIB loan for JLR secured

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Tata Motors has announced the completion of a GBP340m loan from the European Investment Bank (EIB) to Jaguar Land Rover (JLR). Full story...
Feb
25th

JAPAN: Media bites back at US Toyota criticism

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Japan's top newspaper on Thursday accused US lawmakers of painting Toyota as a "villain" over its safety flaws. Full story...
Feb
25th

JAPAN: PM urges Toyota to improve after recalls

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Japanese prime minister Yukio Hatoyama on Thursday said he expected Toyota to make efforts to ensure safety and undertake necessary improvements after massive recalls while the industry minister Masayuki Naoshima was concerned about possible damage to the reputation of domestic manufacturers. Full story...
Feb
25th

EU probes Leoni, other auto wiring suppliers

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Leoni and some of its rivals are being investigated by EU antitrust regulators for suspected price fixing and could be fined if found in breach of the rules. Full story...
Feb
25th

Leoni hit by EU probe into auto wiring suppliers

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German supplier Leoni is being investigated by the EU as part of a probe into the automotive electronic components industry. Full story...
Feb
25th

CHINA: Geely eyes acquisition of Chinese automaker

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The parent company of Geely Automobile Holdings has said it plans to buy Chinese automaker Zhejiang Zhongyu Automobile Co. Full story...
Feb
25th

Honda launches CR-Z hybrid, says margins higher than for the Insight

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Honda Motor Co. launched the sporty CR-Z model, its second in a line of low-cost hybrid cars aimed at meeting stricter environmental regulations and expanding sales in the tough global car market. Full story...
Feb
25th

US: Toyota chief tearful after congressional questioning

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After Toyota Motor Sales USA president Jim Lentz faced the US House of Representatives Committee on Energy and Commerce hearing on Tuesday, all eyes yesterday were on his boss, Toyota Motor Corporation president Akio Toyoda, as he appeared before the House Committee on Oversight and Government Reform. Full story...
Feb
25th

Magna will slow acquisition pace

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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. Full story...
Feb
25th

Magna International says Q4 loss narrows to $139 million

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Magna International Inc. Full story...
Feb
25th

Magna International posts surprise Q4 loss

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Magna International Inc., which last fall lost out on a bid to acquire General Motors Co.' Full story...
Feb
25th

Porsche unveils ‘green’ Cayenne

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Porsche has released details of its new, greener Cayenne SUV that will debut at the Geneva auto show on March 2. Full story...
Feb
25th

Jaguar Land Rover wins loan from European Bank

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India's Tata Motors said its Jaguar Land Rover unit has received a 340 million pound ($458 million) loan from the European Investment Bank (EIB). Full story...
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