Diesel engine and truckmaker Isuzu Motors plunged to a group net loss of JPY16.59bn in its first fiscal 2009/10 quarter after booking a JPY17.69bn this time last year. It blamed a sharp fall in both domestic and overseas vehicle sales.
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A Toyota Motor executive has expressed surprise at the strength of the US market in July, but said the automaker would have to consider August and September demand before revising forecasts.
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TRW Automotive Holdings has reported a second quarter net loss of $11m (-$0.11 a share) compared with a $127m ($1.24) profit last year.
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U-Haul has made moving simpler for many Americans, and its car-sharing program is cutting rates and adding more environmentally friendly rides in an effort to win over consumers.
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Toyota Motor Corp. won't bear the full cost of shuttering its California joint venture with General Motors even though GM has abandoned the project, a Toyota executive said today.
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ArvinMeritor has booked a net loss of US$162m or -$2.23 a share for its third fiscal quarter ended 30 June, 2009 on sales down 47% to $993m.
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The cash-for-clunkers program is running on fumes, and government officials are working to get more funds for the popular program before the end of the week.
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Battery bottlenecks are hurting efforts to boost output of the Toyota Prius to meet booming demand, and the problem will likely persist into next year, a Toyota official says.
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Dealer price guide publisher Glass's on Tuesday said the UK government should extend the scrappage scheme until next summer at least in order to avoid a very significant fall in new car sales and a consequent collapse in revenues for car manufacturers and retailers.
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An improvement in the used-vehicle market helped GMAC Financial Services' automotive finance business achieve pretax income of $346 million in the second quarter of 2009.
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An improved used-vehicle market helped GMAC Financial Services' automotive finance business achieve pretax income of $346 million in the second quarter, compared with a pretax loss of $709 million in last year's second quarter.
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New-car registrations in Germany rose again in July, up almost 30% over the same month last year to nearly 340,000 units as motorists continued to take advantage of government incentives to scrap old cars and buy new ones.
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ArvinMeritor Inc. reported its fourth-straight quarterly loss today, but the company made progress in its goal to become solely a commercial truck supplier after divesting its wheels business.
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General Motors Co.'s new board of directors made no recommendation in favor of one of the two rival bidders for Opel, the company said on Tuesday.
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Though we weren't at the very first SEMA show 42 years ago at the National Guard Armory in Los Angeles, the inaugural SEMA Cares Show and Shine last weekend must have been a lot like that first show four decades ago.
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TRW Automotive Holdings Corp. posted a quarterly loss today due to production cuts at automaker customers, but said it is confident the industry has hit bottom and its starting to recover.
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TRW Automotive Holdings Corp. posted a quarterly loss on Tuesday due to production cuts at automaker customers, but said it is confident the industry has hit bottom and its starting to recover.
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TRW Automotive Holdings Corp. posted a quarterly loss on Tuesday due to production cuts at automaker customers, but said it is confident the industry has hit bottom and it is starting to recover.
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President Barack Obama will lobby Senate Democrats to extend the federal government's 'cash for clunkers' CARS programme at a lunch meeting today as a national dealers group warned members to now avoid the scheme until its future is certain.
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Edscha AG's convertible roof systems business will be taken over by rival German supplier Webasto AG in a deal that will secure 1,200 European jobs, Edscha said on Tuesday.
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