Marchionne Tries to Merge with GM

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Marchionne Tries to Merge with GM
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It’s no secret Fiat Chrysler Automobiles CEO Sergio Marchionne wants consolidation in the car business. He’s actively trying to find another company to merge with and he’s even looking in his own backyard. Continue Reading...

Detroit Auto Show Gets Highest Attendance Since 2005

Detroit Auto Show Gets Highest Attendance Since 2005
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According to Perkins, NAIAS has an economic impact of some $400 million for the city of Detroit and South Eastern Michigan, more than the Super Bowl. Continue Reading...

Buying a New Car Might be Cheaper Than Buying Used

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Buying a New Car Might be Cheaper Than Buying Used
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If price is not an issue, most people would prefer owning a new car over a used one. Price, however, is almost always an issue. With fewer and fewer quality, low-mileage used cars on the market (thanks to slowed production output and reduced sales over the past few years), those who are looking towards saving… Continue Reading...

Brazil Overtakes Germany as World’s Fourth Largest Auto Market

Brazil Overtakes Germany as World’s Fourth Largest Auto Market
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Move over Germany, Brazil has taken your spot. No we are not talking about World Cup Soccer, but instead about car sales. According to Anfavea, Brazil’s national automobile manufacturers association, a total of 3.45-million vehicles will be sold by the end of 2010, which gives Brazil the number four spot for vehicle sales, behind China,… Continue Reading...

Study: Auto Bailout Saved 1 Million Jobs

Study: Auto Bailout Saved 1 Million Jobs
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Overall, most industry analysts agree that the US economy has performed better over the last 18 months than expected and although auto sales were down, the market share of Detroit’s big three held up better than anticipated. Continue Reading...

Hyundai’s Biggest Market Is China, Not Korea

Hyundai’s Biggest Market Is China, Not Korea
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China is the world’s biggest auto market in the world, so it might not be so surprising that China is also Hyundai‘s new biggest market, after the automaker sold more cars in China than Korea for the second straight month. Buoyed by the success of the Yuedong (aka our Elantra) and the Tuscon crossover, Hyundai… Continue Reading...

GM and BMW Working On Cars That Recognize Road Signs, Lame “Didn’t See The Sign, Officer” Excuses To End

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GM and BMW Working On Cars That Recognize Road Signs, Lame “Didn’t See The Sign, Officer” Excuses To End
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A report out of Europe claims that BMW and General Motors are collaborating on a system that will scan road signs, including speed limit warnings and relay the information to drivers. The system still has a few kinks being worked out, but the objective is for the system to be able to display warning signs… Continue Reading...

Honda Halts Production In China Due To Strike At Parts Plant

Honda Halts Production In China Due To Strike At Parts Plant
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Honda was forced to shut down all four of its Chinese car plants, after 1,850 workers at an auto parts plant went on strike over wages. The strike is reported to have crippled Honda’s production capability in what is now the world’s largest car market. The lack of parts means that Honda is unable to… Continue Reading...

Recalls Be Damned! Toyota Annual Profits Up 48 Percent

Recalls Be Damned! Toyota Annual Profits Up 48 Percent
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Despite record recalls and public humiliation over quality control scandals, Toyota announced that it expects to see a profit of $3.35 billion by the end of their fiscal year in March, a 48% increase. Toyota sales rose 24 percent in April,  as strong incentives helped Toyota move cars like the Corolla and Prius. Despite the… Continue Reading...

Honda Posts $774M Quarterly Profit, Forecasts Big Gains for Fiscal Year

Honda Posts $774M Quarterly Profit, Forecasts Big Gains for Fiscal Year
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Strong demand in emerging markets like India and China, as well as a recovering U.S. economy helped Honda post a quarterly profit of $774 million. The Japanese automaker reported a 28 percent increase in sales, to $24.5 billion. Honda is forecasting a $3.7 billion profit through the coming fiscal year (which ends March 31, 2011),… Continue Reading...

Report: Toyota To Post A Profit This Fiscal Year

Report: Toyota To Post A Profit This Fiscal Year
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Between sticking accelerator pedals and rollover-prone SUVs, this year has not been kind to Toyota. However the Japanese automaker is poised to return a handsome $532 million profit, despite expectations to the contrary. Toyota had initially forecasted a loss of $213, but a weak yen and a series of cost-cutting measures meant that Toyota is… Continue Reading...
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