| Frances car sales down 5 last month |
May 3rd, 2013 |
(MENAFN) The French car sales federation stated that brand new car sales in the country declined by 5% last month compared to the same period last year, reported Xinhua News.French car makers also posted a reduction in sales, as Peugeot Citroen's sales dropped by 10.6 percent.In addition, Renault's sales declined to 46,159 cars, a 6.3-percent fall from a year before.It is worth noting ...
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| Alcoa expansion targets auto market adds 200 jobs |
May 3rd, 2013 |
Alcoa Inc. plans a $275 million expansion of its Blount County operation that officials said will help insure the company remains a key player in the local economy for ...
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| RBIs repo rate cut to make auto housing and other loans cheaper |
May 3rd, 2013 |
The Reserve Bank of India (RBI) Friday cut key policy rates by 0.25 percent, a move that will make auto, housing and other loans cheaper and help accelerate economic growth.The repo rate, the rate at which the central bank lends to commercial banks, has been cut by 0.25 percent to 7.25 percent.The reverse repo rate, the rate that RBI pays to commercial bank on their parked money , has also been ...
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| Ford says demand for Fusion C-Max models will deliver sales record |
May 3rd, 2013 |
Ford Motor Co. expects to shatter its full-year hybrid vehicle sales record later this month, led by a handful of new vehicle offerings that are challenging Toyota Motor Corp. for hybrid-vehicle supremacy.The Dearborn automaker's hybrid share is up to 18 percent compared to 3 percent at this time last year thanks to April hybrid sales totaling 8,481, a monthly record.Ford in the past year ...
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| American Axle reports 1Q net income fell 85.7 |
May 3rd, 2013 |
American Axle & Manufacturing Holdings said Friday its net income slid by 85.7 percent to $7.3 million or 10 cents a share in the first quarter compared to the same three-month period in 2012.The Detroit-based automotive supplier said its 2013 first quarter includes $11.3 million or 13 cents a share of debt refinancing and other costs.The company said its sales totaled $755.6 million in the ...
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| WRAPUP 1-Germany and Spain auto sales spur recovery hopes |
May 3rd, 2013 |
By Laurence Frost and Andreas CremerPARIS/BERLIN, May 3 (Reuters) - Car sales rose in Germany and Spain last month, industry data showed on Friday, adding to signs that Europe's austerity-driven auto slump could soon bottom out.Spanish car sales jumped 11 percent while registrations in Germany, the region's biggest market, advanced 3.8 percent for the first gain in six months, ...
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| Chrysler to recall 4783 vehicles in China |
May 3rd, 2013 |
U.S. automaker Chrysler will recall 4,783vehicles exported to China to fix defective fuel tanks that could pose safety risks, China's top quality watchdog said on ...
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| RPT-UPDATE 1-Volvo Cars aims to break even without one-off gains |
May 3rd, 2013 |
Fri May 3, 2013 9:18am EDT (Adds codes, no change to text) By Niklas Pollard and Sven Nordenstam STOCKHOLM May 3 (Reuters) - Chinese-owned Volvo Cars said on Friday it could reach break even on an operating level this year without help from one-off gains that alone kept the carmaker in the black in 2012. Languishing sales in China and Europe took a heavy toll on the car industry in 2012, sending ...
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| Volvo Cars profit slumps in 2012 |
May 3rd, 2013 |
Chinese-owned carmaker Volvo saw operating profit plummet in 2012 and said on Friday it expected its largest market, Europe, to remain tough this ...
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| Alcoa Reports Second Major Production Expansion for Automotive Aluminum Sheets |
May 3rd, 2013 |
Alcoa today announced a second major North American expansion to meet the growing demand for light, durable and recyclable aluminum sheet for automotive ...
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