AUTO

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Daimler to raise forecast after strong Q2

Daimler pledged to raise its 2010 earnings forecast later this month after unveiling a strong preliminary second-quarter figures driven by excellent results at its Mercedes-Benz luxury car brand.
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Ford names Farley head of global marketing, sales

Ford Motor Co has named Jim Farley its first head of global marketing, sales and services and appointed the head of Volvo to run its European operations when it completes the sale of the unit to China's Geely
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New strike hits Honda parts supplier in China

A strike has broken out at a south China factory supplying parts for Japan's Honda Motor, the latest in a string of stoppages by Chinese workers demanding a bigger piece of the country's economic wealth.
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Paris challenge shows electric car's power

Driving into the chic Place Vendome in central Paris, lined with up market jewelers and exclusive hotels, a small orange van looked out of place on Tuesday evening amid the sleek luxury cars.
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Toyota blames driver error for some unwanted speeding

Toyota Motor Corp said on Wednesday its investigation of nearly 2,000 cases of unintended acceleration had found no problem with its electronic throttle system, and that driver error was to blame in some cases.
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Tesla formalizes Toyota deal, to deliver 2 cars

Electric carmaker Tesla Motors Inc said on Friday it signed a memorandum of understanding with Japanese automaker Toyota Motor Corp to deliver two electric vehicles to the world's largest automaker by the end of month.
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Ford Motor, Chrysler recall vehicles

Ford Motor Co is recalling 33,700 of its Transit Connect small commercial vans over an interior liner while Chrysler Group said it was recalling certain 2010 SUVs and trucks over a possible brake fluid leak.
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Denso president says wants to raise annual outlook

Denso Corp, Japan's No.1 car parts maker, will likely review its earnings outlook around late October for a possible upgrade after a strong first quarter eased worries about the impact of the yen's strength
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Peugeot signs Changan JV in push for China

French car maker PSA Peugeot Citroen on Friday signed a deal to set up a 50-50 manufacturing venture with China Changan Automotive Group as it moves to ramp up capacity in the world's largest auto market.
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Toyota chief: China labor trend both good and bad

Toyota Motor Corp President Akio Toyoda said on Friday higher wages among Chinese factory workers would create a new class of consumers, and that the trend therefore had both good and bad elements.
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Chrysler launches money-back guarantee

Chrysler Group LLC will offer consumers a 60-day, money-back guarantee on new vehicles and also make the first two months of payments for buyers, as it tries to shore up sales amid lackluster consumer confidence.
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GM sells steering unit to Chinese firm

General Motors Co said on Wednesday it will sell its Nexteer Automotive unit to a China government-backed group, as GM focuses on its core car business while the Chinese look to bolster their global competitiveness.
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Toyota issues U.S. recall of 139,000 Lexus vehicles

Toyota Motor Corp said on Tuesday it had received reports more than three years ago of faulty engine valve springs at the center of a U.S. recall of nearly 139,000 luxury Lexus vehicles it announced last week.
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SAIC June auto sales growth slows

Top Chinese automaker SAIC Motor Corp sold 30 percent more vehicles in June compared with a year earlier, the second slowest monthly gain so far this year as demand in the world's largest auto market moderates after rapid expansion in 2009.
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Nissan's 1st hybrid aims to almost double mileage

Nissan Motor Co said it aims to nearly double the mileage on its first hybrid car developed in-house compared with the gasoline engine version, while keeping costs down with a simple, single-motor system.
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EU clears China's Geely to buy Volvo cars

European Union competition regulators approved on Tuesday the acquisition of Ford Motor's Volvo car unit by Chinese carmaker Geely Automobile Holdings and state-owned investment group Daqing.
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Spyker avoids more debt in final Saab payment

Dutch carmaker Spyker Cars used internal funding rather than external debt to pay General Motors the final $24 million purchase price for Sweden's Saab, ending concern over how it would foot the bill.
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Global carmakers see H2 trouble

Global carmakers are braced for a slide in second half sales as scrappage schemes are phased out and cautious consumers pull back from big-ticket buys in the face of economic uncertainty.
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U.S. auto sales stalling and recovery in doubt

U.S. auto sales for June slipped from the pace of recent months, analysts say, raising doubts about whether the industry's recovery is faltering even before it delivers the second-half upturn automakers expected.

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