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Updates from April, 2011

  • Auto parts maker American Axle today said first quarter net income rose 131 percent to $37.7 million, or 50 cents a share, compared with $16.3 million, or 22 cents a share, in the year-earlier quarter.
    11:00 am on April 29, 2011
     

  • Seating and electronics supplier Lear Corp. today posted a stronger-than-expected profit that more than doubled and maintained its full-year outlook as vehicle production rose in most of the world outside of earthquake-ravaged Japan.
    9:16 am on April 29, 2011
     

  • The Optima SX not only fulfills the family sedan obligation, it's a true driver’s car. Part of the reason is its 2.0-litre turbocharged four-cylinder, which blows 274 horsepower and 269 pound-feet of torque at 1,750 rpm.
    8:02 pm on April 28, 2011
     

  • Some think of the IS 350 AWD as an alternative to the BMW 335i xDrive and, indeed, there are enough similarities in size, power, fuel economy and performance to make the case. But, there is also a genteel side to the Lexus that makes it more of a boulevardier.
    8:02 pm on April 28, 2011
     

  • Aisin Seiki Co., the world's third-largest auto parts supplier, today said its net income more than quadrupled in the fiscal year that ended March 31 on a 10 percent sales rise.
    6:44 pm on April 28, 2011
     

  • Mazda North America has chosen its top product-development executive to oversee U.S. operations as part of a reorganization of Mazda's corporate structure in the United States, Canada, and Mexico.
    6:37 pm on April 28, 2011
     

  • FILE - In this Feb. 28, 2011, the Chrysler logo is displayed on a new 2011 Chrysler Sebring at a dealership in Burlingame, Calif. Chrysler said Thursday, April 28, 2011, it will take out bank loans and sell debt later this quarter to repay $6.6 billion in bailout loans from the U.S. and Canadian governments. (AP Photo/Paul Sakuma, file)Chrysler will soon repay $7.5 billion in bailout money from the U.S. and Canadian governments, another sign that the company is recovering from its near collapse two years ago.


    6:20 pm on April 28, 2011
     

  • A system that uses multibeam lasers has been developed by engineers in Japan and Romania and could replace spark plugs long used to ignite the fuel/air mixture in internal combustion engines.
    4:58 pm on April 28, 2011
     

  • Denso Corp., bolstered by rebounding automaker production in Asia and North America, closed its fiscal year that ended March 31 with net income of 143 billion yen ($1.7 billion), up 95 percent from a year earlier.
    4:41 pm on April 28, 2011
     

  • Renault has reached a compensation agreement with three executives it wrongfully accused of spying and dismissed. Matthieu Tenenbaum, formerly deputy head of the group's electric vehicle program, will be joining Renault's strategy and planning unit.
    3:34 pm on April 28, 2011
     

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