Jul
29th
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Volkswagen expects a gradual revival in commercial vehicle demand but no drastic changes, the division head has said. Full story...
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Jul
29th
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Honda Motor Co. said it is recalling more than 300,000 of its 2001 U.S.-built Accord and Civic cars in the United States and Canada to fix airbags made by Takata Corp. Full story...
Jul
29th
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Honda Motor first fiscal quarter net income plunged 96% to JPY7.5bn (US$79m), after revenue fell 30% to JPY2.002 trillion ($20.85bn) as vehicle sales dropped and currency effects hit, but has raised its full-year forecast. Full story...
Jul
29th
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Penske Automotive Group Inc. today said it posted a 63 percent decline in quarterly profit as the recession hurt consumer demand for new vehicles. The second-largest U.S. Full story...
Jul
29th
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Daimler today put the most positive spin it could on its second quarter results, avoiding initially mentioning a horrendous year on year comparison by saying the second three months of the year turned out better than the first. Full story...
Jul
29th
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Daimler expects a gradual improvement in the group's operating profitability in the course of this year, it said on Wednesday, after it beat expectations for an even worse second-quarter operating loss. Full story...
Jul
29th
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Daimler expects a gradual improvement in the group's operating profitability in the course of this year, it said on Wednesday, after it beat expectations for an even worse second-quarter operating loss. Full story...
Jul
29th
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Daimler expects a gradual improvement in the group's operating profitability in the course of this year, it said on Wednesday, after it beat expectations for an even worse second-quarter operating loss. Full story...
Jul
29th
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Daimler expects a gradual improvement in the group's operating profitability in the course of this year, it said on Wednesday, after it beat expectations for an even worse second-quarter operating loss. Full story...
Jul
29th
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Daimler expects a gradual improvement in the group's operating profitability in the course of this year, it said on Wednesday, after it beat expectations for an even worse second-quarter operating loss. Full story...
Jul
29th
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PSA Peugeot Citroen has booked a half-year operating loss of EUR826m on revenues down 21.8% to EUR23,497m from EUR30,066m in 2008, citing "adverse market and industry conditions". Full story...
Jul
29th
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BMW has confirmed it will pull out of Formula One racing at the end of this season for "image reasons" to focus on sustainability and the environment. Full story...
Jul
29th
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BMW has confirmed it will pull out of Formula One racing at the end of this season for "image reasons" to focus on sustainability and the environment. Full story...
Jul
29th
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PSA/Peugeot-Citroen swung to a loss in the first half and said Europe's car market would not start recovering until late 2010. PSA posted a recurring operating loss of 826 million euros ($1.17 billion) from a profit of about 1. Full story...
Jul
29th
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BMW is offering US buyers who don't qualify for the government's 'cash for clunkers' fuel economy-based trade-in programme a US$4,500 rebate on two diesel models to woo new customers. Full story...
Jul
29th
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German car maker pulls out of Formula One racing to concentrate on environmental campaigns
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Jul
29th
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Nissan Motor has announced a net after tax loss of JPY16.5bn (US$170m) for the first quarter of the fiscal year ending 31 March, 2010, compared to net income of JPY52.8bn (US$540m) a year ago. Full story...
Jul
29th
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AvtoVAZ is to prepare a list of key suppliers who will be eligible for support from the carmaker and the regional government, according to Samara region industry minister Vladislav Kapustin. Full story...
Jul
29th
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Creditors planning to buy the assets of bankrupt Delphi will probably try to resell the company to recoup their investment rather than run it for the long term, analysts said. Full story...
Jul
29th
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U.K.-based car dealer group Inchcape plc posted a better than feared 58 percent drop in first-half profit on Wednesday, helped by cost cutting, and said it was axing a further 350 jobs, lifting its shares as much as 13 percent. Full story...