One of the most controversial designers in recent memory, Chris Bangle, is leaving BMW this month to pursue interests outside of the car business.
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Door, convertible roof and driver control systems supplier Edscha has filed for insolvency for its Europe units but remains in business for now.
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Hyundai-Kia saw record sales in China in January, the firm has said.
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GMAC LLC said today its global automotive finance business posted a net loss of $1.31 billion in the fourth quarter and $2.07 billion for the year. That's compared with net income of $137 million for the fourth quarter of 2007 and a $1.
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GMAC Financial Services' cutbacks in retail auto financing and leasing in the fourth quarter of 2008 took a heavy toll on the company's automotive business, its quarterly results show.
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Continental is reviewing all options to strengthen its equity base but current market conditions are not conducive to selling shares, a spokesman said.
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BMW Group's design head Chris Bangle is quitting "to pursue his own design-related endeavors beyond the auto industry," the German carmaker said Tuesday.
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Components supplier Denso Corporation has drastically revised its full financial year forecasts and now expects to post a JPY62bn ($US681.1m) operating loss - its first in almost 59 years - and a JPY64bn ($703.1m) net loss on sales of JPY3.12 trillion ($34.2bn).
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GM Daewoo is planning to idle its factories this month because of poor sales in January, according to a Korean news agency.
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The German new car market contracted in January by some 14% to 189,400 light vehicles. The sobering news for the sector was, however, allied to a more positive outlook as hopes that government measures to boost the sector could kick in later in the year.
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Cost of buying new set to rise - despite 30 percent fall in sales.
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New car registrations in Italy fell 32.64% to 157,418 units, according to the ministry of transport and infrastructure.
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Spain's new car market showed no sign of recovery in January as sales plunged 41.6% to 59,385 in the country's first recession for 15 years, automakers' association ANFAC said.
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Harder and faster version of the 911 will debut at Geneva
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PARIS (Reuters) -- French President Nicolas Sarkozy wants his country's carmakers to commit to buying parts from French suppliers in exchange for aid measures, the Financial Times reported on Tuesday.
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US new car sales results for January, due to start trickling out from local automakers and importers later today, are expected to drop to a 27-year low. according to industry analysts there.
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New MPV spied testing ahead of Geneva Show debut
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News surfaces that Citroen is planning a new range of DS-badged luxury models...
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German giant gives X5 the M Sport treatment creating its hottest SUV yet.
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Motorsport engineering firm BERU f1systems says that a five axis machine offering high levels of accuracy for machining a range of materials has been installed at its UK HQ. The DMU 50/70 eVo linear will be used for in house and subcontract automotive, motorsport and aerospace machining.
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