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Jul
29th

GERMANY: Rheinmetall plans alloy block JV

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Automotive and defence group Rheinmetall will establish a joint venture (JV) for the production of aluminium cylinder blocks. Full story...
Jul
29th

Auto dealer Penske Q2 profit tumbles 63%

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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
28th

UK: Visteon launches Range Rover cluster platform

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Global automotive supplier Visteon Corporation has launched a reconfigurable cluster platform on Jaguar Land Rover's new Range Rover. Full story...
Jul
28th

Sonic, Group 1 profitable in Q2 after making cuts

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Car dealership groups Sonic Automotive Inc. and Group 1 Automotive Inc. posted better-than-expected quarterly profits on cost cuts and said the U.S. auto market had stabilized after a steep downturn over the past year. Full story...
Jul
28th

Sonic’s Q2 profit plunged as new vehicle sales fell 33%

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Auto dealership chain Sonic Automotive Inc. posted a plunge in second-quarter profit as the economic recession hurt consumer demand for new vehicles. Sonic, the third-largest U.S. Full story...
Jul
28th

Group 1 profit in Q2 tops expectations on cost cuts

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Auto retailer Group 1 Automotive Inc. said today it posted a better-than-expected second-quarter profit on cost cutting and lower inventory costs and said the U.S. auto market has stabilized after a sharp contraction that began last year. Full story...
Jul
27th

Collectible Classic: 1970-1976 Plymouth Duster

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Collectible Classic: 1970-1976 Plymouth Duster
1970-1976 Plymouth Duster - Vintage Plymouth Muscle Car - Automobile Magazine
Plymouth's Duster served as a bridge between muscle and mileage.

Although it was sold for only seven model years, the life of the Plymouth Duster spans the automotive landscape of the 1970s. The two-door Duster, the fastback flagship of Plymouth's long-serving, entry-level Valiant line, debuted in the 1970 model year - arguably the peak of the muscle car era. A 275-hp (gross), 340-cubic-inch V-8 propelled top-spec Duster 340s with sufficient gusto, while budget-friendly engine options, ranging from two slant sixes to a 318-cubic-inch V-8, helped put the sporty Plymouth - albeit far less fierce than the Road Runner or the 'Cuda - in 217,192 driveways that year, making it the brand's most popular car.


Photo Gallery: 1970-1976 Plymouth Duster - Vintage Plymouth Muscle Car - Automobile Magazine


Full story...
Jul
26th

Ford of Europe, VW improve supplier relations, BMW slips

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Suppliers are a lot more interested in working with Ford of Europe and Volkswagen AG than they were in 2006, according to results of the 5th annual Automotive News Europe/SupplierBusiness OEM-Supplier Relations Study. Full story...
Jul
26th

Ford of Europe, VW improve supplier relations, BMW slips

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Suppliers are a lot more interested in working with Ford of Europe and Volkswagen AG than they were in 2006, according to results of the 5th annual Automotive News Europe/SupplierBusiness OEM-Supplier Relations Study. Full story...
Jul
25th

BMW, Daimler to expand purchasing deal, exec says

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Rival German luxury car makers BMW AG and Daimler AG will expand their cooperation in purchasing automotive components, a BMW board member told German magazine WirtschaftsWoche on Saturday. Full story...
Jul
24th

Ford’s cash cushion adequate for 2010, Mulally says

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Ford Motor Co. has enough cash to survive next year without outside help even if sales remain at today's 27-year lows, CEO Alan Mulally said. "Absolutely. We have sufficient liquidity," Mulally told Automotive News Thursday. Full story...
Jul
24th

BELGIUM: CLEPA calls for EU aid for suppliers

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Sweden, which holds the EU presidency, should lead governments in setting up a EUR3bn (US$4.3bn) loan facility for Europe's automotive suppliers who face bankruptcy as vehicle production falls in the current economic crisis, according to trade group CLEPA. Full story...
Jul
24th

Beijing Auto says Opel bid failed over intellectual property rights

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China's Beijing Automotive Industry Corp. said on Friday it had failed to reach an agreement with General Motors Co. on the sale of Opel due to intellectual property issues. Full story...
Jul
24th

Beijing Auto says Opel bid failed over intellectual property rights

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China's Beijing Automotive Industry Corp. said on Friday it had failed to reach an agreement with General Motors Co. on the sale of Opel due to intellectual property issues. Full story...
Jul
24th

Beijing Auto says Opel bid failed over IP rights

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China's Beijing Automotive Industry Corp. said on Friday it had failed to reach an agreement with General Motors Co. on the sale of Opel due to intellectual property issues. Full story...
Jul
24th

Beijing Auto says Opel bid failed over I.P. rights

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China's Beijing Automotive Industry Corp. said on Friday it had failed to reach an agreement with General Motors Co. on the sale of Opel due to intellectual property issues. Full story...
Jul
23rd

UK: West Midlands auto suppliers get ‘support’ package

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A GBP3.5m support package to help automotive suppliers in the region get through the economic downturn was launched this week by the West Midlands Taskforce. Full story...
Jul
23rd

GERMANY: Boards approve VW and Porsche merger

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Volkswagen's supervisory board has backed the creation of an integrated automotive group with Porsche under the leadership of VW whose management board will now begin talks with the sportscar maker's new chiefs to jointly draw up final details. Full story...
Jul
23rd

Plastic Omnium predicts late-year sales slowdown

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Despite signs of an upturn in production, French car parts supplier Plastic Omnium said on Thursday that it expects its automotive sales to be hit by a new slowdown at the end of the year. Full story...
Jul
23rd

Plastic Omnium predicts late-year sales slowdown

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Despite signs of an upturn in production, French car parts supplier Plastic Omnium said on Thursday that it expects its automotive sales to be hit by a new slowdown at the end of the year. Full story...
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