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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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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Webasto, the retractable hard top and vehicle heating systems specialist, is merging its roof division with Edscha Cabrio Dachsysteme (CDS) the soft-top unit of bankrupt Edscha.
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BMW has confounded analysts by posting a better than expected second quarter operating profit thanks to cost cutting efforts aimed at limiting the effects of an 18% drop in vehicle deliveries.
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BMW to reveal 'green' sports concept
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BSM replaces Corsa with new Fiat 500
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Firm's radical Frankfurt Motor Show preview has no petrol or diesel models in sight
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Ford Motor Co. posted its first U.S. sales increase in 19 months in July and most rivals pared their declines as the federal cash-for-clunkers incentive helped lift industry demand to its highest rate this year.
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Shares in Swiss auto parts and textile group Rieter tumbled on Tuesday after it announced the departure of CEO Hartmut Reuter and said first-half sales had slumped due to the economic downturn.
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Shares in Swiss auto parts and textile group Rieter tumbled on Tuesday after it announced the departure of CEO Hartmut Reuter and said first-half sales had slumped due to the economic downturn.
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Shares in Swiss auto parts and textile group Rieter tumbled on Tuesday after it announced the departure of CEO Hartmut Reuter and said first-half sales had slumped due to the economic downturn.
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BMW posted second-quarter operating profit that beat analyst expectations as cost cutting efforts to limit fallout from an 18 percent drop in vehicle deliveries seemed to gain traction.
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BMW AG posted second-quarter operating profit that beat analyst expectations as cost-cutting efforts to limit fallout from an 18 percent drop in vehicle deliveries seemed to gain traction.
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British automotive and aerospace parts supplier GKN Plc posted a smaller-than-expected first-half pretax loss of 8 million pounds ($13.55 million) on Tuesday, but it cut its interim dividend and announced further job cuts.
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British automotive and aerospace parts maker GKN posted a first-half pretax loss of 8 million pounds ($13.55 million) on Tuesday, smaller than expected, but cut its interim dividend and announced further job cuts.
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Aggressive cost cuts and inventory adjustments helped Toyota Motor Corp.
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Toyota Motor Corp. said its annual loss would be smaller than earlier forecast thanks to deeper cost cuts and government measures to jump-start sluggish global auto demand, but remained cautious on the prospects for a sustainable recovery.
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Toyota Motor Corp. said its annual loss would be smaller than earlier forecast thanks to deeper cost cuts and government measures to jump-start sluggish global auto demand, but remained cautious on the prospects for a sustainable recovery.
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Toyota Motor Corp. reported its third straight quarterly loss but lifted its bearish forecast to call for a smaller loss this year as deep cost reductions help make up for some of the slump in global vehicle sales.
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