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The sale would give Ford 52 billion yen ($540 million) based on Mazda's closing stock price Tuesday of 184 yen, or $1.90 -- barely a quarter of what it was worth one year ago.
The move comes amid... |
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In a worldwide automotive market hit by the crisis, Renault’s October 2008 sales dipped by 14.1 % vs Oct 2007. The slowdown in the European market intensified in October. In Europe, Group sales... |
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BP launches Car and Van Fuel Efficiency Awards
BP has launched the ‘BP Car and Van Fleet Fuel Efficiency Awards 2009’ in recognition of the efforts being made by car and van fleets who are proactively striving to reduce their fuel consumption...
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Dunlop India Halts Sahaganj Production
Dunlop India has felt the worldwide pinch, reacting by closing its Sahagunj factory indefinitely from Nov. 18.
Its 1,200-strong workforce has been asked to stay at home. Web site IBNLive reports...
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So now that weve handed you all the details about the 2010 Ford Fusion and the 2010 Mercury Milan, its finally time to discuss the hybrid variants of both new models. For 2010 Ford comes out strong... |
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The UK’s oldest motoring magazine, Autocar, has named Hyundai-Kia as its Car Company of the Year at its annual award ceremony at the Horticultural Halls in Westminster London.
Citing the... |
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While Lamoborghini's press conference at the LA Auto Show today... |
| Porsche is going to unveil its newly freshened Boxster and Cayman models at the LA Auto Show today. As you can see... |
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Value for money and vehicle reliability are vital characteristics for cars and vans winning fleet decision-makers’ plaudits and those features were crucial in Volkswagen and Ford retaining their... |
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As reported earlier today, the Fergus Truck Show is in jeopardy after failed negotiations with neighbouring land owners, which has forced the show management to seek a new site.
The show... |
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Yesterday GM sold its stake in Suzuki; today Ford announced plans to slash its shareholding in Mazda. Previously the Blue Oval held a third of Mazda's stock, but it has cut that to just 13%.
Ford... |
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GM is flogging its entire stake in Suzuki to pump cash into its survival funds. The General owns a 3% holding in Suzuki Motor Corporation and will sell 16,413,000 shares on the open market... |
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Meanwhile, banks and other credit providers have become dead-set against lending to any company in the faltering automotive industry, making it difficult and expensive for suppliers to get needed... |
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She added: 'This government decided that it was going to step in and throw $700 billion at the financial sector. We're just asking for a fraction of that.' House Speaker Nancy Pelosi wants Congress... |
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