Ford's Brazilian unit unveiled concepts called the Beauty and the Beast at the auto show here. Both concepts are based on Ford's Ka minicar. Ford said the concepts were created to add glamour to the Ka and they are not planned for production.
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The Volkswagen Group has confirmed its full year financial targets despite the on-going difficulties many of its rivals are experiencing in the current economic climate.
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Auto parts maker TRW Automotive Holdings Corp. today posted a quarterly loss due to lower demand and higher restructuring charges, and gave a full-year earnings outlook below Wall Street estimates.
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Continental AG as issued a lower revenue forecast for 2008 and confirmed a revised margin goal for 2008. The company also reported a rise in its consolidated sales for the first nine-months, which were boosted by the acquisition of Siemens VDO.
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Operating profit at Mazda, 33.4% owned by Ford, for the first half of fiscal year 2008 was down 17% year on year to JPY60.7bn but JPY10.7bn yen better than originally forecast at the beginning of the year.
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Tenneco is to axe 1,100 jobs worldwide as it attempts to cut costs and capacity in response to the worsening auto industry downturn.
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Mitsubishi Motors (MMC) has posted its first first-half net profit since fiscal year 2002.
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China's Dongfeng Automobile has reported a fall in its third quarter quarter net profits, despite a rise in turnover.
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Vehicle sales in the ASEAN region's top six markets rose by 19.2% to 1.62m units in the first nine months of 2008, with most markets performing positively during this period.
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VW's premium unit Audi reaffirmed its full-year forecast for a rise in revenue and earnings that reflects an increase in sales to a record 1 million vehicles, it said on Wednesday. Turnover in the first nine months gained 2.1 percent to 25.
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Mitsubishi Motors Corporation (MMC) has revised down its full fiscal year (to 31 March 2009) forecasts for sales, operating income and ordinary income but left its net income prediction unchanged.
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The European Commission is ready to support the car industry and help it achieve EU targets to curb CO2 emissions despite the economic crisis, EU Commission President Jose Manuel Barroso said on Wednesday.
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PSA/Peugeot-Citroen CEO Christian Streiff outlined a plan on Wednesday for temporary closures at its plants this year due to the economic slow-down.
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The European Commission is ready to support the car industry and help it achieve EU targets to curb CO2 emissions despite the economic crisis, EU Commission President Jose Manuel Barroso said on Wednesday.
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The hybrid versions of the Ford Fusion and Mercury Milan sedans that start production in December should give drivers who like electric cars a nice jolt.
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Oakville, Ontario - There was a time when the color black played a major role at Ford. However, from what I've seen on a recent tour of the company's Oakville Assembly Plant, green is becoming the prominent color nowadays. Yes, Ford is ramping up its Eco-friendly Fumes-to-Fuel program and will soon be turning emissions into "green energy".
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The next few days could change the way things are. Two major events - a Grand Prix and the U.S. elections - could mark a new beginning.
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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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