AUTO

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GM and and China's SAIC deepen ties

General Motors and China's SAIC Motor Corp deepened their ties to include the joint development of small engines and transmissions as the U.S. automaker seeks to draw on the allure of the fast-growing China market ahead of a highly anticipated IPO.

U.S. regulators investigate Kia Soul steering loss

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U.S. safety regulators have opened a preliminary investigation into a potential problem with the Kia Soul after a driver reported a complete loss of steering and limited braking in a two-month-old car.

GM to recall more than 243,000 vehicles

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General Motors Co will recall more than 243,000 model year 2009/2010 crossover sport utilities, mainly in the United States, to inspect safety belts for possible damage.
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GM CEO steps down as profit revs up IPO engine

General Motors Co posted its biggest quarterly profit in six years on Thursday and CEO Ed Whitacre stepped aside on the cusp of an IPO expected to allow the U.S. government to relinquish its majority stake.
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China July auto sales slow; India at record high

Car sales in China rose at their slowest in 15 months in July as the world's largest auto market cooled further after a roaring 2009, but Indian sales hit a record high thanks to sound economic prospects and new models.
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General Motors to ramp up ad spending: report

General Motors Co is increasing its advertisement spending to the levels seen prior to its bankruptcy filing, Joel Ewanick, the car maker's marketing chief, told the Wall Street Journal in an interview.
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Obama unveils Ford loan guarantees to boost exports

President Barack Obama lambasted Republicans on Thursday for opposing his auto company bailouts and unveiled a new loan guarantee for Ford Motor Co to help meet his goal of doubling U.S. exports over five years.
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Ex-Im Bank unveils Ford loan guarantee

The U.S. Export-Import Bank said on Thursday it approved a loan guarantee for Ford Motor Co to finance $3.1 billion in exports of cars and trucks to customers in Canada and Mexico.
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Tata to retire, successor has big shoes to fill

The announcement that a search for a successor to Ratan Tata, chairman of the Tata group, has begun was every bit as understated as the man who has steered India's second-biggest conglomerate for nearly two decades.
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Lawsuit claims Toyota ignored safety issues

Toyota Motor Co ignored evidence of acceleration problems in its vehicles for most of the past decade and failed to install a brake override system it knew could have prevented accidents.
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Goodyear CEO elected board chairman

Goodyear Tire and Rubber Co President and Chief Executive Richard Kramer has been elected chairman of the largest U.S. tire maker effective October 1, the company said on Tuesday.
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China's Geely completes Volvo buy

China's Geely on Monday completed its purchase of Ford Motor Co's Volvo unit, marking China's biggest acquisition of a foreign car maker and reflecting the nation's rapid rise in the auto world.

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