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- Mitsubishi's recovery hampered by North American losses
Mitsubishi Motor Corp.'s money-losing North American operations are undercutting the company's fragile financial recovery, and the red ink is expected to increase. North American sales grew 15 percent to 23,000 units in the quarter that ended Dec.
Переслать - Automakers idle plants, shifts amid bad weather, parts shortages
Weather-related parts shortages have started to take a toll on automakers, as 33 North American plants remained shuttered for first shift production today following a massive winter storm that roared through the Midwest.Переслать - EVs need more federal aid to compete with Asia, study says
The United States may already lag behind Asia in development of electric vehicles, putting America's manufacturing sector in even greater jeopardy than it is now, said an Indiana University study headed by a retired Ford executive.Переслать - Ford retail consolidation strategy reaches Detroit market with dealer purchase
The Crest Automotive Group, owned by a Ford family in-law, has acquired the 50-year-old Bob Thibodeau Ford dealership in the Detroit suburb of Center Line, Mich.Переслать - Former GM exec Ridgeway heads IAV in U.S.
Andrew Ridgeway, a former executive at General Motors, has taken over as president of powertrain engineering-services supplier IAV Automotive Engineering Inc. Ridgeway, 45, moved into the position at the start of 2011.Переслать - Under Toronto-Dominion, Chrysler Financial to become a top 10 auto lender, CEO says
Toronto-Dominion Bank Chief Executive Officer Edmund Clark said the bank may 'surprise' investors this year with the growth of auto lender Chrysler Financial Corp.Переслать - Autoliv sees China, U.S. driving sales growth
Autoliv expects to build market share in the growing Chinese market and get help from a North American recovery this year to boost sales, the company said.Переслать - Alfa Romeo plans 'affordable' halo car
Alfa Romeo plans a rear-engine, rear-wheel-drive coupe that would become the brand's halo car.Переслать - Ford credit rating raised by SandP after profit jump
Ford Motor Co. had its corporate credit rating raised by Standard and Poor's Ratings Service after the automaker reported its largest annual profit in 11 years.Переслать - GM plans to build Chevrolet Aveos at Russia's GAZ plant
GM plans to assemble Chevrolet cars at Russian group GAZ's plant to boost its local presence in the fast-growing market. GAZ had been in talks with VW about becoming partners.Переслать
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