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- Allison Transmission planning $1 billion IPO, sources say
Private equity-backed Allison Transmission has hired banks and is planning an initial public offering that could raise around $1 billion in the third quarter of the year, four sources familiar with the situation said.
Переслать - Saab concept to showcase future styling
Saab will unveil a concept vehicle at the Geneva auto show that shows the future styling direction for the automaker.Переслать - GM earnings report reveals drags on profit
General Motors Co. today posted a fourth-quarter net profit that was its smallest of 2010, exposing profit drags that are likely to linger this year. GM's fourth quarter net income of $510 million, while a sharp swing from a $3.Переслать - Lithia's Q4 earnings rise; company raises sales expectations
Lithia Motors Inc., benefiting from higher new and used vehicle demand, posted a fourth-quarter profit of $4.4 million compared to a loss of $1.5 million a year ago. Revenues rose 31 percent to $555.6 million from $424.8 million a year ago.Переслать - Ferrari chairman the best paid in Fiat Group
Ferrari Chairman Luca Cordero di Montezemolo's salary in 2010 was more than twice that of Fiat CEO Sergio Marchionne, making him the best-paid executive in the whole Fiat Group. Montezemolo, who was Fiat's chairman until last April, was paid 8.Переслать - Ford to launch global ad campaign to tout Focus technology
Ford Motor Co. touts the technology offerings on its 2012 Focus with the launch of a global advertising campaign. The campaign marks the first time Ford has taken a global approach to marketing one of its vehicles, the automaker said today.Переслать - VW merger with Porsche delayed by share probe
Volkswagen's planned merger with Porsche will probably be delayed into next year because of legal and financial obstacles. In manufacturing, the integration of the two automakers is already in full swing.Переслать - Chrysler has grand expectations for Grand Cherokee in Japan
Chrysler LLC expects the redesigned Grand Cherokee to boost sales in Japan at least 21 percent this year and help the company rebuild its bankruptcy-tattered image here. Jeep brand's top-tier SUV sold only 88 units in 2009 in Japan.Переслать - Ally girds for GM showdown as ex-parent bulks up lending
Ally Financial, the U.S.-owned lender preparing for an initial public offering, is bolstering ties to GM dealers amid signs the automaker may become a rival in vehicle financing.Переслать - Toyota recalls another 2.17 million U.S. vehicles
DETROIT -- Toyota Motor Corp. is recalling 2.17 million Toyota and Lexus vehicles in the United States to inspect and repair accelerator pedals that may get trapped in floor mats or carpeting.Переслать
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