Auto retailer Group 1 Automotive Inc. posted a third-quarter profit of $18.3 million, but said it expected new-vehicle margins to fall through the end of the year. Group 1's new-vehicle margins last quarter improved 0.4 percentage points to 6.
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Auto retailer Group 1 Automotive Inc. posted a third-quarter profit of $18.3 million, aided by $112.8 million in cost cuts this year. The net profit compares with a $21.8 million loss in the third quarter of 2008. Revenue fell 13 percent to $1.
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Sonic Automotive Inc., the U.S. dealership group that postponed debt payments to avoid bankruptcy earlier this year, posted its third straight quarterly profit.
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Sonic Automotive Inc., the U.S. dealership group that postponed debt payments to avoid bankruptcy earlier this year, posted its third straight quarterly profit.
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Sonic Automotive Inc., the U.S. dealership group that postponed debt payments to avoid bankruptcy earlier this year, posted its third straight quarterly profit.
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Sonic Automotive Inc. posted its third straight quarterly profit today, and just seven months after warning of possible bankruptcy, Sonic's CFO says the dealership group can focus on business and even reconsider selling some stores.
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New UK car manufacturer Axon Automotive has previewed its plug-in hybrid electric vehicle at the Milton Keynes Science Festival. The vehicle combines full electric mode for local travel and uses a petrol or bioethanol powered engine for long distance or motorway travel.
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A consumer in New York is seeking class-action status for a lawsuit accusing Penske Automotive Group Inc. of not passing along the money received from a scrappage company for a vehicle traded in under the cash-for-clunkers program.
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Debbie Dingell, the wife of veteran lawmaker Rep. John Dingell, D-Mich., has been tapped to lead the newly-formed American Automotive Policy Council.
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Fisker Automotive Inc. investor Ray Lane says he knows the auto industry bears little resemblance to the Internet and software businesses that have made him and his fellow venture capitalists successful.
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Fisker Automotive Inc. investor Ray Lane says he knows the auto industry bears little resemblance to the Internet and software businesses that have made him and his fellow venture capitalists successful.
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California-based Fisker Automotive is expected to announce tomorrow (27 October) that it is buying a former GM assembly plant in the eastern state of Delaware to build its Nina plug-in electric car there from 2012.
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Indian autoparts maker Motherson Sumi Systems on Monday said its Samvardhana Motherson Reflectec (SMR) unit had received orders worth about EUR200m (INR14bn) to supply automotive mirrors.
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We can't believe it either, but it's that time of the year again! T'is the season when a large number of Canadian automotive journalists converge on the small town of Niagara-on-the-Lake, in Ontario's famed wine country, to find the best of the best.
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In historical terms, acoustics in automotive design and construction serves to
avoid and suppress unwanted noise. The driver should not be disturbed by any
squeaking, rattling, whistling or thumping noise, and should not be induced to
query the car's quality.
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Fisker Automotive will soon announce the US site where it plans to build a US$48,000 family plug-in electric hybrid car, chief executive Henrik Fisker has said.
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Santa Fe Springs, Calif. - Two of the most storied names in domestic performance vehicles will join together to debut a stunning, world-class supercar at the 2009 SEMA Show in Las Vegas. Lingenfelter Performance Engineering of Decatur, Indiana, will unveil its latest offering; a 750 horsepower 2010 Camaro SS in the Hotchkis Performance booth at the annual automotive aftermarket trade show. Hotchkis Performance, of Santa Fe Springs, California, developed the suspension system for the Lingenfelter Camaro and has worked with the renowned specialty supercar builder on several projects in the past.
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HERNDON, Va., - Volkswagen of America, Inc. today announced the launch of the all-new 2010 GTI via the App Store by making available a free version of the popular Firemint Real Racing game that exclusively features the all-new 2010 GTI. This is the first time an American automotive manufacturer has used the App Store to launch a new vehicle. Additionally, users of the Real Racing GTI App in the U.S. can compete for the chance to win one of six, limited-edition 2010 GTIs that are fully-customized inside and out.
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Fisker Automotive is taking a reverse approach to hybrids.
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