| Chrysler profit sinks 65 per cent on product launches |
Apr 30th, 2013 |
Chrysler Group LLC's first-quarter profit tumbled 65 per cent as shipments of cars and trucks fell while it prepared factories to launch several key new vehicles.The Auburn Hills, Mich., company said Monday that it earned $166-million (U.S.) in the January-March quarter, compared with $473-million a year ago. Revenue fell 6 per cent to ...
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| REFILE-UPDATE 3-Chrysler sales slump ahead of new model launches |
Apr 30th, 2013 |
By Bernie Woodall and Jennifer ClarkDETROIT/MILAN, April 29 (Reuters) - Carmaker Fiat's first quarter profit slumped more than expected as its U.S. unit Chrysler's sales suffered from the phase out of the Jeep Liberty pending a new model launch."We knew we would be limping in the quarter. I just didn't think I was going to limp that much," said Sergio Marchionne, ...
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| State tax deals up for approval include Safelite Honda supplier Jefferson Industries |
Apr 30th, 2013 |
Safelite is one of three Central Ohio companies seeking state tax credits for its 350-job headquarters expansion on Farmers Drive off Sawmill Road. Three companies planning to expand in Central Ohio hope to tap state tax credits through the Ohio Tax Credit Authority. Safelite Group Inc. and Print Syndicate LLC are seeking tax credits to prompt expansions in Columbus, while the Jefferson ...
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| Nissan recalls Altima sedans because spare tires could blow out |
Apr 30th, 2013 |
National Highway Traffic Safety Administration , Maxxis – Nissan’s spare tire supplier – had a faulty inflation gauge on an air pump and was either over-inflating or under inflating spare tires. Some of the tires would blow out when the heat in the trunk rose, increasing the already overinflated air pressure in the tire beyond what it could handle. The problem was discovered ...
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| Recall Alert 2013 Nissan Altima |
Apr 30th, 2013 |
sedans due to a problem with the inflation of spare tires, according to the National Highway Traffic Safety Administration. Affected vehicles were manufactured between March 21, 2012, and March 26, 2013. The vehicles' spare tires may have been significantly over- or underinflated; this could cause failure without warning, increasing the risk of a crash, NHTSA stated. Nissan will begin ...
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| Recall Alert 2012-2013 Honda Fit |
Apr 30th, 2013 |
hatchback due to a problem with the electronic stability system; only Sport trim models are being recalled. According to Honda, the electronic stability system in the affected vehicles doesn't comply with Federal Motor Vehicle Standards regarding yaw rates (how far a car tilts during a turn). "Honda is not aware of any related crashes or injuries," it said in a statement. Honda ...
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| Fiat reports 1Q loss of 83 million euros |
Apr 30th, 2013 |
Milan - Italian carmaker Fiat SpA reported a first-quarter loss of 83 million euros ($108 million) as European sales and profits at its U.S. partner Chrysler tumbled.The loss posted Monday by the automaker, based in the northern Italian city of Turin, compares with a restated first-quarter profit of 35 million euros last year.Revenues were down 2 percent to 19.75 billion euros, as performance in ...
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| Moscow police says reports on shooting from wedding escort cars disproved |
Apr 30th, 2013 |
MOSCOW, April 28 (Itar-Tass) - Initial reports on gunfire that was allegedly opened from a cavalcade of cars carrying a wedding party have not received any confirmation, the press service of the Moscow City Interior Department said Sunday ...
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| Nissan Honda recalling a slew of vehicles |
Apr 30th, 2013 |
Nissan Motor Co. and Honda Motor Co. announced recalls for the second time this month as quality issues continue to plague some Japanese automakers. Nissan is recalling more than 123,300 2013 Altimas while Honda is doing the same with 2012 and 2013 Fit Sports. For Honda, it's the fourth recall this year.This latest recall marks the second time this month Nissan and Honda have issued recalls ...
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| Chryslers first-quarter profits dip expenses for new models rise |
Apr 30th, 2013 |
Chrysler CEO Sergio Marchionne poses on a Ferrari car during media day at the 83rd Geneva International Motor Show in Geneva. Chrysler's first-quarter profits fell because of higher expenses for new model ...
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