| UPDATE 1-Fiat UAW trust both score points in Chrysler hearing |
Apr 26th, 2013 |
Thu Apr 25, 2013 3:25pm EDT By Tom Hals WILMINGTON, Delaware, April 25 (Reuters) - Fiat SpA and a United Auto Workers trust each appeared to score points with a Delaware judge on Thursday during a hearing that could help determine what the Italian company has to pay to acquire the rest of car maker Chrysler Group LLC. Fiat Chief Executive Sergio Marchionne wants to buy a minority stake in ...
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| Terrorists Set Fire To Cars in Tubli |
Apr 26th, 2013 |
Manama-April-25(BNA)A group of terrorists set fire early today morning to a number of cars parked near a building on Services Avenue in Tubli. Police patrols and civil defence engines were dispatched to the area as soon as the arson was reported to the operations room at 03.40 am. The firemen managed to put out the blaze which gutted four cars and two motorbikes. The Central Police ...
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| U.S. sells nearly 20 percent of remaining GM shares |
Apr 26th, 2013 |
Washington - The U.S. Treasury sold nearly 20 percent of its remaining shares in General Motors Co. in the first three months of the year, the Detroit automaker disclosed Thursday.The Treasury, which initially held 60.8 percent of GM as part of the U.S. $49.5 billion bailout, now owns just 16.4 percent, or 241.7 million shares. In December, the Treasury sold GM 200 million shares of its stake for ...
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| Exec Fisker may file for bankruptcy |
Apr 26th, 2013 |
Washington - Fisker Automotive Inc. and the Energy Department came under intense questioning Wednesday at a congressional hearing as the struggling plug-in hybrid automaker disclosed publicly it is considering filing for bankruptcy.New documents released by the House Oversight and Government Reform Committee show the Anaheim, Calif., based startup was facing deeper financial and quality problems ...
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| Toyota Reveals Anti-Excess Concept |
Apr 26th, 2013 |
in their vehicles; Toyota is taking that to a whole new level with the ME.WE concept. The stocky, futuristic-looking compact wears a tubular aluminum frame with lightweight polypropylene plastic composite body panels. The concept weighs just 1,653 pounds and is versatile -- Toyota calls it an "anti-excess" vehicle. The panels are 100% recyclable and come off to transform the car from a ...
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| UPDATE 2-Honda Mazda poised to expand but face high costs in build-out |
Apr 26th, 2013 |
Fri Apr 26, 2013 5:21am EDT * Q4 and full-year profits rise at both companies * Honda sold record 4.01 million cars in FY 2012/13 * Carmakers planning expansion to cash in on weaker yen By Yoko Kubota TOKYO, April 26 (Reuters) - Honda Motor Co Ltd and Mazda Motor Corp expect to post vastly higher profits this financial year as they take advantage of export-friendly currency moves, but will face a ...
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| Hyundai apologises for suicide-themed viral ad |
Apr 26th, 2013 |
has apologised over a viral advertisement for its ix35 SUV that features a man attempting to commit suicide. The controversial commercial, which was removed from YouTube after attracting widespread criticism, shows a man trying to pump exhaust gases into his car before he emerges unharmed and the punch line, "The ...
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| Honda Gets Into Gear With Huge Profit Rise |
Apr 26th, 2013 |
Japanese motor firm Honda has said its net profit for the year to March soared 73.6% to 2.4bn, thanks to robust overseas sales, a weaker yen, and cost cutting. The bottom-line figure underscores a recovery among the nation's major car makers after Japan's 2011 earthquake and tsunami devastated sales and production. The results also highlighted strong demand in the key Asian and US ...
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| Nissan says to build compact car at Renault Europe plant from 2016 |
Apr 26th, 2013 |
TOKYO, April 26 | Fri Apr 26, 2013 4:58am EDT TOKYO, April 26 (Reuters) - Nissan Motor Co Ltd plans to build its next-generation Micra compact car for the European market at one of its French alliance partner Renault SA's plants in Europe from 2016, the Japanese automaker said on Friday. The vehicle will be sold into Europe's left-hand drive markets, Nissan said in a ...
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| RPT-Indonesian auto distributor Mitra plans $206 mln IPO in May |
Apr 26th, 2013 |
Fri Apr 26, 2013 4:51am EDT JAKARTA, April 26 (Reuters) - Indonesian automotive distributor PT Mitra Pinasthika Mustika, plans to raise up to 2 trillion rupiah ($206 million) in an initial public offering next month, underwriters said on Friday. Mitra Pinasthika, controlled by private equity firm Saratoga Investama Sedaya, is offering 1.015 billion shares, equivalent to 28 percent of its equity. ...
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