Porsche has announced a whopping EUR4.4bn pre-tax loss in its past fiscal year (ended July 31), a result that compares with an EUR8.6bn profit in the previous year.
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We've admired the McLaren MP4-12C since it was unveiled in September and await the chance to drive one.
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Volkswagen AG's head of sales warned investors Friday not to interpret the company's strong results in October as a sign that the industry is headed for a lasting rebound.
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Volkswagen AG's head of sales warned investors Friday not to interpret the company's strong results in October as a sign that the industry is headed for a lasting rebound.
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Hyundai Motor chairman Chung Mong-koo has said the company may add production facilities to its Chinese operations in response to rapidly rising sales.
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Volkswagen AG has dropped a threat to stop awarding contracts to Magna International Inc. after the Canadian auto supplier failed to buy rival carmaker Opel from U.S. parent General Motors.
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Volkswagen AG has dropped a threat to stop awarding contracts to Magna International Inc. after the Canadian auto supplier failed to buy rival carmaker Opel from U.S. parent General Motors.
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Volkswagen AG has dropped a threat to stop awarding contracts to Magna International Inc. after the Canadian auto supplier failed to buy rival carmaker Opel from U.S. parent General Motors.
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Struggling parts supplier Visteon Corp. received court approval on Thursday for several deals that will help it restructure operations and secure financing.
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Struggling parts supplier Visteon Corp. received court approval on Thursday for several deals that will help it restructure operations and secure financing.
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Daimler AG's chief financial officer told a newspaper the German automaker could not take a 2010 profit for granted given the uncertain outlook for global automotive markets.
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Fiat and Ford partner Koc Holding AS said its third-quarter net profit fell 43 percent as the recession bit into revenues at Turkey's largest company. Net profit fell to 466.4 million lira ($314.
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Porsche SE drastically slashed its dividend after posting a massive pretax loss, marred by writedowns on stock options for heavily inflated VW shares. Porsche SE said it had a 4.4 billion euro ($6.60 billion) loss before tax after an 8.
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Daimler AG CEO Dieter Zetsche said on Thursday it will take until 2012 or 2013 before the U.S. auto market recovers to the sales levels seen before the recent recession-driven decline.
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Two days after GM Chairman Ed Whitacre said the government should loosen its restrictions on executive pay for bailed-out companies, the White House pay czar signaled his willingness to raise salary caps for new hires.
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Delphi Automotive LLP's plastic radio housing that is becoming the company's new standard for replacing metal cases is the grand prize winner of the Society of Plastics Engineers' Automotive Innovation Awards for customer General Motors Corp.
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Daimler AG may bring a small luxury car to the United States by 2012 intended to compete with the Audi A3 and BMW's 1 series and Mini Cooper, the company's CEO told The Wall Street Journal.
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Saab's new owner will reject 81 of Saab's 218 U.S. dealerships, General Motors Co. said Thursday. Saab's buyer, Swedish sportscar maker Koenigsegg, selected the surviving stores.
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Porsche SE drastically slashed its dividend after posting a massive pretax loss, marred by writedowns on stock options for heavily inflated VW shares. Porsche SE said it had a 4.4 billion euro ($6.60 billion) loss before tax after an 8.
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It has become trendy to drive Volvo cars economically. The company's many DRIVe models are being used in a variety of challenges and driver expectations are continuously being surpassed.
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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
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