| Chrysler profit sinks 65 on product launches |
Apr 29th, 2013 |
Chrysler Group LLC's quarterly profit fell 65 per cent as it absorbed the costs of new-vehicle launches, the company said on Monday.The No. 3 U.S. auto maker also reaffirmed its financial forecasts for 2013, including profit of about $2.2-billion."We remain on track to achieve our business targets, even as the first-quarter results were affected by an aggressive product launch ...
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| Fiat shares turn negative after Chrysler results |
Apr 29th, 2013 |
MILAN, April 29 (Reuters) - Shares of Italian automaker Fiat turned negative in midday trading after its U.S. unit Chrysler posted worse-than-expected first quarter results.At 1237 GMT, Fiat shares were down 1.6 percent at 4.61 euros, after having traded 1.2 percent higher before Chrysler said its first quarter net income fell 65 percent to $166 million on new product ...
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| Chrysler profit falls 65 pct. on lower shipments |
Apr 29th, 2013 |
FILE - In this Thursday, Feb. 28, 2013, file photo, Jordan Kenyon works on the assembly line during a media tour before an investment and jobs announcement event at the Chrysler transmission plant in Kokomo, Ind. Chrysler reports quarterly earnings on Monday, April 29, 2013. (AP Photo/AJ ...
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| Subaru Recalls More Than 10000 Forester Wagons |
Apr 29th, 2013 |
Subaru is recalling just over 10,000 of its 2014 Forester wagons because the floor mats can interfere with the clutch, brake or gas pedals. The recall affects Foresters made from January 2013 through March. The company says the floor mats can curl when exposed to heat. The problem was discovered in cars arriving at a port in Vancouver, Washington. The National Highway Traffic Safety ...
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| Nissan recalls over 123000 Altimas in U.S. for spare tire issue |
Apr 29th, 2013 |
A detail of the new Nissan Altima is seen at the car's unveiling during the 2012 New York International Auto Show at the Javits Center in New York, April 4, ...
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| Honda recalls almost 46000 Fit cars in U.S. Canada |
Apr 29th, 2013 |
Honda Motor Co Ltd's logo is seen on the company's Sports Modulo Fit concept vehicle displayed at Tokyo Auto Salon 2009 at Makuhari Messe in Chiba, east of Tokyo January 9, ...
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| VW Addition of Porsche partly offsets drop in 1Q profit |
Apr 29th, 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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| Mercedes-Benz unveils more serious Sprinter van |
Apr 29th, 2013 |
It will face off against new rivals Ford, Nissan and Ram In a segment of the auto industry where originality can be as rare as a pink paint job, Mercedes-Benz had cut out its own little corner of exclusivity: a big yet fuel-thrifty European-style commercial van line. The Sprinter van has proven to be a success since it arrived in 2003, initially under the Dodge brand when Daimler owned Chrysler ...
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| Driver Fatigue Causes 20 of Auto Crashes Study |
Apr 29th, 2013 |
A 100-car ';naturalistic'; driving study conducted by the Virginia Tech Transportation Institute says that fatigue is a cause of 20 percent of car crashes, rather than the two or three percent previously estimated based on surveys, simulator studies and test tracks. Also, the study found, 18- to 20-year-olds account for significantly more fatigue-related crashes than any other age ...
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| Volvo V40 D4 Review |
Apr 29th, 2013 |
When the Volvo V40 launched in February 2013, the Swedish carmaker took to pushing its 'safety first' barrow harder than ever before - after all, their new hatch is equipped with the world's very first pedestrian airbag. But groundbreaking safety technology isn't the only exciting thing about a car that could be fairly described as the most ...
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