Group 1 Automotive Inc., the No. 4 U.S. dealership group, reported a small operating profit in the fourth quarter of 2008, largely on the strength of service and parts income. But after writing down the value of its 97 U.S.
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Penske Automotive Group Inc., the nation's second-largest dealership group, cut $100 million last year from its budget of $1.32 billion in selling, general and administrative expenses, about half of those savings in personnel.
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Automotive News Europe, a sister publication of Automotive News, is halting publication of its twice-monthly print edition. Automotive News will maintain an online European newsletter and a European Web site.
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Automotive News Europe, a sister publication of Automotive News, is halting publication of its twice-monthly print edition. Automotive News will maintain an online European newsletter and a European Web site.
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The Dow Jones Industrial Averages dropped about 300 points the night before the opening day of the Geneva motor show, a possible punctuation mark on the state of the world's automotive industry.
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Crain Communications announced yesterday that Automotive News Europe will no longer offer a print publication.
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Crain Communications announced yesterday that Automotive News Europe will no longer offer a print publication.
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Scrappage incentives and price discounting by automakers limited a decline in new-car sales in western Europe to 17.7 percent in February, J.D. Power Automotive Forecasting said.
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Spanish auto parts maker Cie Automotive posted a 6% jump to EUR53.8m in 2008 profits, helped by the strong performance of recently acquired businesses in emerging markets.
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Honda Motor Co.'s plans for a second shift at its new Indiana plant are up in the air, delayed by the general automotive sales collapse. When Honda began producing its Civic on Oct. 9 in Greensburg, Ind.
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West European car sales were down by 18% in February according to JD Power Automotive Forecasting. However, the data specialist said that the result was better than expected on the back of government sponsored scrappage schemes and additional price reductions by carmakers.
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Passenger and light commercial vehicle sales in Turkey fell 38 percent to 41,348 units in January and February, Turkey's Automotive Distributors Association said.
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Passenger and light commercial vehicle sales in Turkey fell 38 percent to 41,348 units in January and February, Turkey's Automotive Distributors Association said.
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A major U.S. automotive consulting firm on Wednesday provided some rare optimism about the state of the industry. First, CSM Worldwide predicts, federal aid soon will likely begin to flow to key suppliers.
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A major U.S. automotive consulting firm today provided some rare optimism about the state of the industry. First, CSM Worldwide predicts, federal aid soon will likely begin to flow to key suppliers.
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Hybrid-electric vehicle manufacturer Fisker Automotive will begin selling its Karma sedan in Europe in the second quarter of 2010. The base price will be 78,780 euros.
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The British firm has lifted the veil on what the entire automotive community is calling the ultimate Aston Martin at the 79th edition of the Geneva Motor Show. The engineers and designers of the One-77 created the truly sensational car with this very thought in mind.
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The British firm has lifted the veil on what the entire automotive community is calling the ultimate Aston Martin at the 79th edition of the Geneva Motor Show. The engineers and designers of the One-77 created the truly sensational car with this very thought in mind.
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Guardian Industries Corp. has spun off its automotive trim operations as a wholly owned subsidiary, SRG Global Inc. The new unit aims to be one of the largest global suppliers of chrome-plated plastic auto parts.
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Brilliance Jinbei Automotive plans to offer a competitor to the Volkswagen Golf that costs up to 5,250 euros less than Europeand#8217;s best seller. Brillianceand#8217;s importer, HSO Motors Europe, showed a near-production version of the BS2 here.
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