| RPT-PREVIEW-U.S. sales of trucks SUVs outpace auto market in April |
Apr 30th, 2013 |
Tue Apr 30, 2013 6:59am EDT (Repeats story from Monday. No change to text) * Automakers report April U.S. auto sales on May 1 * Analysts see 15.25 mln annual auto sales pace in April * Pickups, crossovers gain share as housing market gains * Industry's pricing discipline tested as yen weakens By Deepa Seetharaman DETROIT, April 29 (Reuters) - A stronger U.S. housing market and lower fuel ...
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| Mercedes-Benz Sprinter first Euro 6 compliant van range unveiled |
Apr 30th, 2013 |
,set to go on sale across Europe in the coming months,is beingtoutedas the world’s first van to meet future Euro 6 emissions standards across its engine range. The world first Euro 6 compliancy claim from theGerman carmakercomes along with the ...
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| Opel Mokka confirmed for Australia |
Apr 30th, 2013 |
will join the growing number of pint-sized SUVs to be sold in Australia. General Motors’ German brand has finally confirmed the Mokka will join its local line-up, which currently comprises ...
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| Chrysler profit declines 65 |
Apr 30th, 2013 |
Chrysler’s first-quarter net income fell 65 percent to $166 million (R1.5 billion) from a year earlier, the US car maker said yesterday, as it grappled with declining shipments and higher product costs. Revenue for the quarter fell 6 percent to $15.4bn, the company said. Adjusted operating profit slid 41 percent to $435m. Fiat, Chrysler’s majority owner, was scheduled to report its ...
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| Fiat Chrysler Group hires first female Australian automotive CEO |
Apr 30th, 2013 |
Chrysler Group Australia CEO on 1st May 2013, she will become the first Australian woman to hold such a position. Taking over from Clyde Campbell, who announced in January that he would be moving into the role of general distributor for Fiat Chrysler New Zealand, Johns was "the obvious choice" to succeed Campbell after already having a career with the ...
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| GM eyes market gains with new models |
Apr 30th, 2013 |
General Motors Co., whose market share fell more than 10 percentage points in the decade ending in 2012, says its barrage of new products should help increase its market share over the next few years.Last year, the Detroit automaker lost share to crosstown competitor Chrysler Group LLC and the Japanese automakers. The Japanese companies' sales roared back, after losing to the domestics in ...
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| Tough tasks ahead as Obama nominates Charlotte mayor for transportation chief |
Apr 30th, 2013 |
Washington - The next U.S. Transportation secretary will face tough challenges: how to pay for the nation's crumbling roads, key auto safety issues and whether to continue funding high-speed and other rail projects.President Barack Obama nominated Charlotte Mayor Anthony Foxx to replace Transportation Secretary Ray LaHood."We need to modernize the infrastructure that powers our ...
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| Key product shortages hurt Chryslers first quarter profits |
Apr 30th, 2013 |
Chrysler Group LLC's profits shrank in the first quarter of 2013 as problems with the introduction of key new vehicles left dealers with too few cars and trucks."We sold all the cars we could possibly sell," Chrysler Chairman and CEO Sergio Marchionne told analysts and reporters during a conference call Monday. "I did not build enough."As a result, the Auburn Hills ...
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| Porsche helps Volkswagen offset drop in first quarter profit |
Apr 30th, 2013 |
Volkswagen AG, Europe's biggest carmaker, said the addition of luxury manufacturer Porsche partly offset a drop in first-quarter operating profit at the VW namesake brand caused by a recession in its home region.The Audi division retained its position as VW's largest earnings contributor with 1.31 billion euros ($1.71 billion) in first-quarter earnings, or 56 percent of the group total ...
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| Hondas discount on Brio Jazz to cost the company Rs 164 crore more |
Apr 30th, 2013 |
In a bid to attract buyers in a slow market, both have launched their premium offerings at Rs 25,000 per sq ft, against earlier prices of Rs 28,000-30,000 per sq ...
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