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Updates from January, 2011

  • The French publishing giant that owns Car and Driver, Road and Track, and 100 other magazines said Monday it received a binding 651-million euro ($886 million) offer from Hearst Corp. for its international magazine business.
    7:49 pm on January 31, 2011
     

  • Ford's January sales volume will be up from a year ago, a Ford analyst said, despite lower daily rental fleet sales and discontinuing the Mercury brand.
    6:25 pm on January 31, 2011
     

  • Online auto remarketing channel SmartAuction has added two industry reference books to its vehicle-pricing arsenal. The NADA Used Car Guide, owned by the National Automobile Dealers Association, analyzes and publishes used-vehicle price data.
    4:51 pm on January 31, 2011
     

  • General Motors Co. is taking its content marketing strategy to the small screen, collaborating on a weekly TV show aimed at 'entertaining and informing today's classic man,' the Detroit automaker said today.
    4:31 pm on January 31, 2011
     

  • A Chrysler auto worker uses an ergo-arm to load the seats into Chrysler minivans during the production launch of the new 2011 Dodge Grand Caravan's and Chrysler Town Error processing field:CaptionAn error occurred while parsing EntityName. Line 1, position 168.Chrysler Group LLC, the automaker managed by Fiat SpA, projected its sales would grow by a third in 2011, outpacing gains by the industry in a recovering market on the strength of revamped models.


    3:58 pm on January 31, 2011
     

  • Renault estimated today that 2010 sales rose 15.6 percent to 38.97 billion euros ($53.08 billion) and said it beat its free cash flow target. Estimated automotive operational free cash flow reached 1.
    3:34 pm on January 31, 2011
     

  • Chrysler wants dealers to avoid haggling with shoppers over the price of the Fiat 500 when reintroducing its parent company's brand to America, betting that will make young customers more comfortable in showrooms.
    3:21 pm on January 31, 2011
     

  • U.S. automobile sales in January may have reached the second-fastest pace in 17 months, aided by rising business spending and consumer confidence. January vehicle deliveries, to be released tomorrow, may have run at a 12.
    3:03 pm on January 31, 2011
     

  • Two U.S. firms that claim Porsche cost hedge funds more than $2 billion by misleading short-sellers in its acquisition of VW shares in 2008, appealed a judge's ruling dismissing their lawsuits against the sports-car maker. U.S.
    6:15 am on January 31, 2011
     

  • Honda raised its annual profit outlook above market expectations as a recovery in the key U.S. market helps counter the strong yen and sliding Japanese sales, which weighed on third-quarter earnings.
    4:00 am on January 31, 2011
     

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