GM Confirms Commitment to Opel, No Plans to Sell Says CEO Akerson

Given its recent financial performance and the fact that that GM’s CEO isn’t happy about the situation, nor the time it’s taking to re-structure Vauxhall/ Opel; rumors have been flying once again that the General’s European operations might be up for sale.

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Toyota Predicts 31 Percent Drop In Profits Due To Japan Quake

Still struggling in the wake of the March 11 earthquake and tsunami in Japan, which severely disrupted production, Toyota Motor Co has said that it expects it’s full-year profit for 2011 to fall some 31 percent short of original projections.

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Auto Sales in China Set to Slow This Year

Although it’s currently the largest market for auto sales in the world, China’s voracious appetite for automobiles looks likely to slow in the coming months, according to the China Association of Automobile Manufacturers.

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China's BAIC in Bid to Buy Pininfarina

It has styled some of the most memorable cars in history, including scores of Ferraris, but more recently the famed design house Pininfarina, has fallen on hard times. It’s been up for sale for several months, though now, might have a potential buyer, in the shape of Bejing Automotive Industry Corp (BAIC).

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