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Opel union pushes to rescue Antwerp plant
Tue, 9 Mar 2010 04:01:00 EST

General Motors Co.'s European arm Opel is discussing a proposal by labor to rescue a plant in Antwerp, Belgium, that the carmaker had planned to close, an Opel spokesman said on Tuesday.

China car sales rise 55% in February
Tue, 9 Mar 2010 04:16:00 EST

China's passenger-car sales in February rose 55 percent from a year earlier, the official industry association said on Tuesday, as policy incentives continued to lure buyers into showrooms during the holidays.

UK dealer group Lookers predicts strong Q1
Tue, 9 Mar 2010 03:31:00 EST

Lookers Plc is seeing strong demand in the key month of March and has felt little impact from a recall of cars by Toyota Motor Corp., the British car dealer group's CEO said.

Tata entity, Citi buy Tata Motors shares from Daimler
Tue, 9 Mar 2010 08:16:00 EST

Tata Sons, the holding entity for Tata Group firms, and Citigroup have acquired 8.65 million shares in Tata Motors Ltd. from Germany's Daimler AG. Tata Sons bought 4 million Tata Motors shares at 750 rupees each, while Citi bought 4.

Toyota finds no flaw with safety electronics
Tue, 9 Mar 2010 00:16:00 EST

Toyota Motor Corp. said it had found no flaw with its throttle controls as it seeks to dismiss an external study critical of its electronic safety systems.

Tata's JLR gets 340M pound EU loan
Tue, 9 Mar 2010 06:46:00 EST

The European Investment Bank said on Tuesday it had agreed on a 340 million pound ($510 million) loan to the Jaguar and Land Rover brands owned by India's Tata Motors Ltd.

Daimler to get Q1 EBIT boost from Tata stake sale
Tue, 9 Mar 2010 05:16:00 EST

Daimler will book a first-quarter gain of 265 million euros ($360.5 million) from selling its stake in India's Tata Motors Ltd., helping the German carmaker offset an expected hit from its stake in aerospace group EADS.

BMW sees definite upturn in almost all car markets
Tue, 9 Mar 2010 06:16:00 EST

erman luxury carmaker BMW AG sees a "definite" upturn in almost all car markets after its automobile and motorcycle sales increased 14 percent in February compared with the same month last year.

Audi predicts rise in 2010 profit
Tue, 9 Mar 2010 07:01:00 EST

German luxury carmaker Audi contributed the bulk of earnings and cash in 2009 to parent Volkswagen AG and expects better results this year as it launches a dozen new models, including the A1 subcompact. VW's entire war chest of 10.

Mitsubishi promises PSA 100,000 electric vehicles
Tue, 9 Mar 2010 05:11:00 EST

Mitsubishi has agreed to make 100,000 electric vehicles for PSA/Peugeot-Citroen starting this year as the Japanese automaker seeks to boost volume and cut costs.