BMW expects a purchasing cooperation with rival Daimler to save about 100 million euros ($126 million) a year from 2012/2013, the company's procurement chief, Herbert Diess said.
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WITH VIDEO -- Do cops like crossovers? Ford is about to find out: It will offer a utility vehicle based on the 2011 Explorer as part of its police portfolio for forces across the nation.
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Schaeffler posted a first-half net loss of 260 million euros ($329 million) after a one-off charge related to a capital increase at Continental dragged it into the red.
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Hyundai Motor posted on Wednesday its poorest sales in six months, as demand weakened in the summer vacation period, but it fared better than smaller rivals after introducing an upgraded car in its domestic market.
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Motors Liquidation Co., the old shell of General Motors, said it has filed a plan with a U.S. court to come out of bankruptcy.
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Motors Liquidation Co., the old shell of General Motors, said it has filed a plan with a U.S. court to come out of bankruptcy.
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Motors Liquidation Co., the old shell of General Motors, said it has filed a plan with a U.S. court to come out of bankruptcy.
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VW has hired Klaus-Gerhard Wolpert as its new chief product strategist. Wolpert, who spearheaded development of Porsche's best-selling car, the Cayenne premium SUV, is the latest Porsche AG executive to shift over to VW. Starting Oct.
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Ferrari was almost immune to the ills of the global financial downturn.
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Robert Bosch GmbH will showcase its expertise in hybrid-vehicle maintenance at this year's Automechanika. The German supplier will position itself as a customer's 'Partner for the Future of the Workshop' this year.
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Ulrich Hackenberg sits at the center of Volkswagen AG's quest to become the world's largest automaker by 2018.
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Rainer Schmueckle, who lost his position overseeing Mercedes-Benz Cars unit to Wolfgang Bernhard, has left the automaker.
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Eight companies ranging in size and scope from global technology giant Robert Bosch to an Austrian manufacturer of tire chains have been selected to receive Automechanika Innovation Awards for 2010.
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Many aftermarket suppliers are still reeling from the impact of the global economic crisis of 2008-09, but few appear willing to miss this year's Automechanika in Frankfurt.
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Tata Motors, which bought Jaguar from Ford Motor Co. two years ago, recently approved a product plan that gives Jaguar three new models: a small sports car, an entry-level sedan and a station wagon.
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Mini, known for its retro-chic appeal, is targeting an unhip crowd with the Countryman crossover: families. The not-so-mini Mini will have four doors and be the brand's biggest ever model.
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Luxury carmakers have descended on Russia to rally the nation's long list of billionaires to snap up their latest models in the wake of last year's industry collapse.
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Tata Motors promises that Land Rover will add smaller vehicles and hybrid powerplants, but it hasn't said much about the timing. Land Rover will continue to share components with Jaguar, which is also under Tata ownership.
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BMW will concentrate on small crossovers with a redesigned X3 and the all-new X1. Both are based on the redesigned 3-series sedan, which will arrive in 2012.
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