| Daimler selling remaining stake in EADS |
Apr 16th, 2013 |
Frankfurt, Germany - Automaker Daimler AG says it is selling its remaining 7.5 percent stake in EADS, the parent company of aircraft manufacturer Airbus.Daimler helped found EADS but now is cashing out to focus on its core business of making cars. It sold a 7.5 percent stake last year.The Daimler stake of 61.1 million shares would be worth about 2.3 billion euros at Tuesday's price of 37.20 ...
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| EU Proposes to Develop More Aerodynamic Trucks |
Apr 16th, 2013 |
has proposed new rules to allow manufacturers to develop more aerodynamic trucks in order to reduce fuel consumption by 7 to 10 percent, cut emissions of greenhouse gases and enhance the safety of road users. The proposal will allow cabins with a rounded shape and the use of aerodynamic flaps at the back of the trailer. For a typical long-distance truck covering 100,000 kilometers (about 62,137 ...
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| Ryder Delivers 17 Trucks to Molan UK |
Apr 16th, 2013 |
has delivered 17 new trucks on contract hire to Molan UK, an England-based polycarbonate and plastic roofing products company. The division of Ryder System supplied the 18 metric ton trucks from its Spalding, England, location. Molan UK took advantage of the deal to work with Ryder to create new branding for its fleet, said Wayne Lawson, the company's operations director, in a written ...
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| General Motors sales rise |
Apr 16th, 2013 |
Detroit - General Motors edged out fast-growing Volkswagen in first-quarter sales as both companies try to close the gap with Toyota for the global world sales ...
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| Chrysler Fills Void Left by Diazs Departure |
Apr 16th, 2013 |
Chrysler moved quickly, naming Reid Bigland the new CEO of Ram trucks, after Fred Diaz decided to leave for a marketing executive job at Nissan. Bigland, 46, will remain head of Chrysler's U.S. sales and president and CEO of Chrysler Canada, but Timothy Kuniskis will take over his title as CEO of Dodge. Bigland joined Chrysler in July 2006 after working for Freightliner. As head of ...
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| Cat model to dazzle Shanghai auto show 2013 |
Apr 16th, 2013 |
Du Yifei, in a skintight costume that resembles a cat, is pictured with a Lamborghini car on April 15, 2013. Du will be present at the ...
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| General Motors global auto sales climb 3.6 in first quarter |
Apr 16th, 2013 |
General Motors Co. posted global sales of 2.36 million vehicles in the first quarter of 2013, up 3.6%, as the U.S. carmaker narrowly topped Volkswagen Group, its closest international ...
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| AAA Cost of Car Ownership up 2 This Year |
Apr 16th, 2013 |
or car maintenance, plan to put aside a bit more. According to a AAA study, the cost of owning and operating a vehicle has increased by nearly 2% in 2013. The results of AAA's annual Your Driving Costs study show that U.S. motorists are paying an average of 1.96% more to own and operate a sedan. The study looks at the annual cost of fuel, vehicle repairs, insurance rates, taxes, license ...
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| Michigan Tells Auto Dealer to Stop Selling Insurance |
Apr 16th, 2013 |
Michigan's Department of Insurance and Financial Services (DIFS) has ordered a Detroit-area auto dealer to stop selling insurance without a license. The DIFS issued a cease and desist order against Monaco Motors Ltd., Camillo Anthony Monaco, and Darrell Lees, for unlicensed insurance activity. A DIFS investigation uncovered multiple instances of Michigan consumers purchasing what they ...
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| Hertz Corp picks up 20 pc stake in China Auto Rental |
Apr 16th, 2013 |
PARK RIDGE, New Jersey -- Hertz Corp., one of the largest worldwide airport general use car rental brand, Tuesday announced plans to agreed to buy a 20 per cent stake in China Auto Rental, one of the largest car rental companies in China. Financial terms of the Hertz Corp deal with China Auto Rental were not disclosed. Hertz will acquire a stake of approximately 20%, on a fully diluted ...
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