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2 million extra doors was the best call Daimler made during 'marriage of equals'
It's easy to criticize the way Daimler AG ran and ultimately left Chrysler during the disastrous "marriage of equals" era. I know because I've done it on a regular basis. But even the worst marriages can produce spectacular kids -- or in this case, products. And today, the 1 millionth copy of one
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Nissan lures feathered pickup customers with fish, no rebates
If Nissan Motor Co. wants to portray its made-in-the-U.S.A. Frontier compact pickup as more, well, American, maybe the company's marketing team should take a gander at YouTube. The video below has generated more than 281,768 views since it was loaded last week. Here's what the voiceover could say
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In the Land of Many Buicks, one in particular stood out
SHANGHAI -- If you were an alien from another world and your spaceship landed in Shanghai, you would immediately conclude that Buick is a planetary titan among automotive brands. Buick is the third-leading brand in China behind Volkswagen and Hyundai through March with 5.3 percent of the market, ...
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UAW study chides Nissan for tax breaks at Miss. plant
NASHVILLE -- A research study commissioned by UAW labor organizers claims that Nissan Motor Co. could receive four times the previously reported level of state and local incentives and tax breaks to operate its assembly plant in Canton, Miss. According to the study by the Washington-based Good Jobs
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The death of driving? Don't make any funeral plans
You know that study that just came out declaring "the end of the driving boom," because Gen Y supposedly doesn't care about cars? Ignore it. The 69-page study by the Frontier Group and the Public Interest Research Group is just another case of inside-the-beltway thinking attempting to drive public
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Dow Chemical ordered to pay $1.2 billion in urethane price-fixing probe
KANSAS CITY, Kansas (Reuters) -- A federal judge in Kansas City, Kansas, ordered Dow Chemical Co. to pay $1.2 billion in a price-fixing case involving chemicals used to make foam products in cars, furniture and packaging, according to court documents. Dow was one of several chemical company ...
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VW, GM, others get unexpected boost in China
BEIJING (Bloomberg) -- A surprise policy shift in China is expected to give a boost to Volkswagen Group, General Motors Co. and other foreign automakers planning to expand in the world's largest car market. China said it will encourage foreign investment in vehicle manufacturing in its western ...
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Russian car sales down 8% in April
MOSCOW (Reuters) -- Russia's year-on-year car sales fell 8 percent in April after a decline of 4 percent in the previous month, the Association of European Businesses (AEB) said. "Typically for the Russian market, April sales exceed March level ... This year we see basically no uplift, showing the
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Europe car sales rise for first time in 19 months
MILAN (Bloomberg) -- European car sales rose for the first time in 19 months on strong demand in the UK and a rebound in Germany, amid signs that governments may take measures to stem a contraction in the economy of the countries using the euro. Registrations in April increased 2 percent to 1.08 ...
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Subaru, Mitsubishi small crossovers top new crash test
The Subaru Forester and Mitsubishi Outlander Sport have won top honors from the Insurance Institute for Highway Safety, becoming the only small SUVs to ace the group's new "s mall overlap" crash test . The Forester, which Subaru redesigned for the 2014 model year, earned Top Safety Pick+ accolades
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Tesla issuing stock, debt to accelerate repayment of U.S. loan
Tesla Motors Inc. plans to sell as much as $830 million in shares and debt, aiming to be first company to repay its federal loan awarded under a program that fueled political controversy. Tesla said in a U.S. regulatory filing and statement that proceeds from selling 2.7 million shares, valued at
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Toyota plant in France launches Yaris output for U.S.
Toyota Motor Europe has started making the Yaris for North American export at its plant in Valenciennes, France, marking the first time the automaker's European-built models will be exported to the United States and Canada. The production switch maximizes Toyota's utilization of the French plant ...
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Renault expects 5% dip for European car market
ISTANBUL, Turkey (Bloomberg) -- Renault expects the European car market to shrink 5 percent this year over last year, Chief Operating Officer Carlos Tavares said. The French carmaker, whose worldwide deliveries last year fell 6.3 percent to 2.55 million cars and light vehicles, expects the European
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PSA workers end four-month strike over car plant closure
PARIS (Reuters) -- Workers at a PSA/Peugeot-Citroen factory near Paris have agreed to end a four-month strike in protest at its planned closure. The staff on strike will return to work next week, said Jean-Pierre Mercier, who represents the CGT union at the Aulnay plant. He said PSA had agreed to
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New S class key to boosting Mercedes profit margins, China sales
SHANGHAI (Bloomberg) -- Daimler CEO Dieter Zetsche was leaning back in the rear seat of a prototype Mercedes-Benz S-class sedan in 2010 when he realized it didn't recline far enough. With wealthy consumers accustomed to sumptuous airline seats, he figured Mercedes needed to approach that level of
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Jaguar ponders XQ name
Based on documents submitted to the U.S. Patent and Trademark Office, Jaguar may name the all-wheel-drive compact crossover it has in the works the XQ, and call a new compact sedan the Q-Type, according to news reports. Dealer sources say the small crossover likely would compete with the Audi A5 ...
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Average wholesale used-vehicle prices, April
Average wholesale used-vehicle prices, April Web Average wholesale used-vehicle prices, April Average Prices Unit) Latest Month Versus: Apr-13 Mar-13 Apr-12 Prior Month Prior
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In boost to EVs, report sees surge in charging outlets worldwide
The steady growth in sales of electric vehicles and plug-in hybrid vehicles, along with public and private investment, is expected to drive a sharp rise in the number of charging stations worldwide by 2020, a new study says . The study, released today by IHS Automotive, estimates that the gradual
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Porsche says 918 Spyder will influence future models
Porsche's forthcoming hybrid supercar will have a big influence on future products. "The 918 Spyder will act as the gene pool for the Porsche sports cars of the future," the company said in a statement today. The car's plug-in hybrid drivetrain combines two electric motors with a V-8 gasoline ...
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Skoda's global April sales hit by switch to new Octavia
PRAGUE (Reuters) -- Skoda's global sales fell by 4.6 percent to 77,600 in April due to a switch to a new Octavia compact model and continued weak demand in some European markets, the carmaker said today. Skoda, the Czech Republic's largest exporter and a unit of Germany's Volkswagen Group, is seen
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A Benz Beauty With Brains (5/15/13)
Tech-filled S class brings Mercedes closer to self-driving; Fiat relocating?; ramping up the repos; what's driving youth away.
jumped nearly 17%. In the first quarter from a year ago. The average charge -- amount. For defaulted loans rose about 660. Bucks to just over 7400. Dollars. However Experian automotive credit boss but lenders of risky saying quote would you compare the current findings with previous years. There's still lower than the recession level rates . A follow up to a story we brought to this morning on the first shift. After six decades the post war driving -
Mercedes makes new S class leaner, greener
HAMBURG -- The new Mercedes-Benz S class is 100kg lighter than the model it will replace and its greenest variant will emit less CO2 than a Smart ForTwo. The brand's flagship sedan also has six eyes (cameras) and six ears (radar sensors) that allow it to see and hear enough to drive itself at
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BorgWarner to expand UK production to supply Jaguar Land Rover
(Reuters) -- U.S. supplier BorgWarner Inc. said it would build a new production line and engineering center in the United Kingdom to supply turbocharging systems to customer Jaguar Land Rover. The turbochargers would be used in Jaguar Land Rover's family of four-cylinder gasoline and diesel ...
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GM shares return to $33 IPO price on optimism for truck sales
DETROIT (Bloomberg) -- Shares in General Motors topped its $33 initial public offering price for the first time in more than two years as the automaker prepares to introduce redesigned full-sized pickups. GM shares closed up $1.03, or 3.2 percent, at $33.42 in New York Stock Exchange trading today
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Tesla expands share, debt offering to repay U.S. loan, hike cash
(Bloomberg) -- Tesla Motors Inc. increased the size of its equity and debt offerings by 30 percent to as much as $1.08 billion to repay its U.S. loan and build up cash reserves. The company said in an SEC filing that it plans to sell as many as 3.9 million shares for $92.24 apiece. Tesla CEO Elon