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Honda reported a plunge in quarterly profits and warned that parts shortages from massive flooding in Thailand will hit production at the carmaker's North American factories. The only question is how bad the interruptions will be.
8:06 am on October 31, 2011
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Pang Da Automobile and Zhejiang Youngman Lotus Automobile, the two Chinese companies who agreed to buy Saab for 100 million euros ($142 million) last week, plan to provide a 50 million euro bridge loan and 610 million euros in long-term financing...
5:50 am on October 31, 2011
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Tesla Motors is sold out of next year's production of its new Model S sedan and should earn a profit in 2013, CEO Elon Musk said in a Bloomberg Television interview.
5:34 am on October 31, 2011
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BMW Group wants to decrease its reliance on Germany as a car-making base, Frank-Peter Arndt, BMW's production chief told Automotive News Europe.
5:15 am on October 31, 2011
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Honda said its U.S. sales are growing in October, defying analysts' projections. That may drive industry-wide deliveries to exceed the average outlook, already anticipated as the best in eight months.
5:04 am on October 31, 2011
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Honda said its U.S. sales are growing in October, defying analysts' projections. That may drive industry-wide deliveries to exceed the average outlook, already anticipated as the best in eight months.
5:04 am on October 31, 2011
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Honda said its U.S. sales are growing in October, defying analysts' projections. That may drive industry-wide deliveries to exceed the average outlook, already anticipated as the best in eight months.
5:04 am on October 31, 2011
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Ally Financial is launching a new kind of loan that's like an ordinary auto loan in every respect except that it comes with an option whereby the customer can choose to sell the vehicle to Ally at a guaranteed price 48 months into the loan.
1:01 am on October 31, 2011
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Fiat-Chrysler CEO Sergio Marchionne says now is the "most sensitive period" of his almost eight-year tenure at Fiat S.p.A. The integration of Fiat and Chrysler is at point where mistakes could have huge long-term consequences, he says.
1:01 am on October 31, 2011
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Since taking over at General Motors in September 2010, CEO Dan Akerson has worked to decrease GM's costs and complexity while emphasizing technology and innovation. Akerson, 63, is pleased with GM's gain of a full percentage point of U.S.
1:01 am on October 31, 2011