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Automotive OE Parts News Sources
Manufacturer News
The latest automotive manufacturer news (Ford, GM, Chrysler...).
Lithia to pass on Fiat stores
Lithia derives almost 30 percent of its sales from Chrysler Group brands but doesn't plan to seek much Fiat business as the Italian automaker prepares to reenter the U.S.market.
Obama: Taxpayers to recover auto industry bailout funds
In exchange for U.S. bailout money that reached $85 billion, the auto industry has been restructured, and 'you now have all those auto companies showing a profit," Obama said.
A deal in China isn't done until the government says so
The Chinese government has blessed Zhejiang Geely Holding Group Co.'s purchase of Volvo from Ford Motor Co.
Explorer Sport Trac is a goner
With the reinvention of the Explorer for 2011, and the move away from a rear-drive, truck platform for Ford's SUV, the Sport Trac was abandoned.
In Buick's moment of truth, public raves and rants over latest model
Buick promises to post all articles, positive or negative, written about the 2011 Regal sport sedan. In addition, consumers have a chance to submit comments and videos for posting on the site.
Toyota to recall 412,000 cars in U.S.
Toyota will recall 412,000 high-end passenger cars in the United States to fix steering problems.
VW's profit quadruples on U.S., China demand
Volkswagen reported the biggest quarterly profit in 2 years on higher demand in China and the U.S. for the Golf compact and Audi A5 coupe. Second-quarter net income quadrupled to $1.63 billion, the company said.
Federal-Mogul earnings jump on higher global sales
The auto parts maker reported a sharp rise in quarterly profit as the global auto industry continued to recover. Net income during the second quarter rose to $49 million, up from $3 million. Revenues rose 23 percent to $1.6 billion, up from $1.
Federal-Mogul earnings jump on higher global sales
Auto parts maker reported a sharp rise in quarterly profit as the global auto industry continued to recover. Net income during the second quarter rose to $49 million, up from $3 million. Revenues rose 23 percent to $1.6 billion, up from $1.3 billion.
VW confident on second-half despite market upheaval
Volkswagen AG said it is confident of improving its sales and margins even though the second half would get tougher.
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