AUTO

VW plans 39 pct Brazil output growth by '12-report

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Germany's Volkswagen AG (VOWG.DE), Europe's biggest automaker, plans to produce 1 million vehicles in Brazil by 2012, 39 percent more than in 2008, Valor Economico newspaper said on Thursday, citing a senior company executive.
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China's Brilliance set to ship wagon to EU - execs

Brilliance Auto, BMW's (BMWG.DE) partner in China, is preparing to ship its BS4 Wagon, designed in-house, to Europe after testing the waters there with two mid-sized sedans, company executives said on Wednesday.
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GM, Germany talk on Opel buyer, need more time

U.S. carmaker General Motors [GM.UL] and German officials began a fresh round of talks on Tuesday to try to narrow their differences on which bidder they want to take control of its Opel unit.
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Global automakers beat forecasts; stay cautious

Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit.
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China Brilliance says in talks with Daimler on JV

The state parent of Brilliance China Automotive Holdings is in talks with Daimler AG to set up a joint venture in China making special purpose vehicles, executives at the parent company, Brilliance Auto, said on Monday.
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Ford sees dramatic

Ford Motor Co has seen a sharp increase in sales over the past week since its dealers began accepting trade-ins under the U.S. government's
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Federal-Mogul quarterly profit drops sharply

Auto parts maker Federal-Mogul Corp (FDML.O) posted a sharp drop in quarterly profit on Thursday, but reported substantial progress from earlier in 2009 as it cut costs to address the economic downturn and production cuts by its automaker customers.
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Car and truck maker results weak, less gloomy

Automakers in Europe and Japan unveiled weak results for the first half of the year on Thursday and are set to keep tight control over costs but most predict an improvement in conditions for the rest of 2009.
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Asbury Automotive earnings drop 47 percent

Auto dealership group Asbury Automotive Group Inc (ABG.N) posted a 47 percent drop in quarterly earnings on Thursday, but said the U.S. new vehicle market had essentially stabilized, though at very low levels.
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Renault plunges into red, lifts market forecast

French carmaker Renault (RENA.PA) swung to a worse-than-expected 2.712 billion euro net loss for the first half on Thursday, but now expects the world automotive market to contract less sharply this year.
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Buy or Sell - Analysts split over Daimler's road to recovery

German luxury automaker Daimler released consensus-beating second-quarter results on Wednesday, but analysts are split on whether the figures signal the beginning of a turnaround for the carmaker or if its balance sheet problems will continue.
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Goodyear posts loss, but tops expectations

Goodyear Tire & Rubber Co (GT.N) posted a loss on Thursday that was smaller than analysts had expected as the downturn in the North American and European economies pressured results.
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BYD investors, fasten your seatbelts: Wei Gu

China's bubbly stock market is making heroes out of some unlikely companies. And none more so than BYD Co. (1211.HK), in which Warren Buffett plans to take a 10 percent stake.
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Honda recalling Accord, Civics to fix airbags

Honda Motor Co said it is recalling more than 300,000 units of its 2001 U.S.-built Accord and Civic cars in the United States and Canada to fix a defective airbag that deployed in a fatal accident.
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Japan carmakers in black, PSA, Daimler turn red

Japanese car manufacturers unexpectedly posted profits on Wednesday and Mercedes-maker Daimler forecast improving performance this year but clear signs of sustained recovery for the world's battered auto sector remained elusive.
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U.S. data, global steel and car outlooks cloud recovery

New orders for U.S. durable goods posted their biggest drop in five months in June while major global steel and auto companies said on Wednesday any return to growth would be gradual, casting doubt over some economists' forecasts for a recovery starting later this year.
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Magna improves its Opel bid - German govt source

Canadian auto parts maker Magna (MGa.TO) has increased the amount of upfront capital it will inject in its offer for General Motors' European unit Opel, a German government source said on Tuesday.
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Toyota to launch hybrid compact in Japan: report

Japan's Toyota Motor Corp plans to launch a hybrid compact for around 1.5 million yen ($15,760) in Japan in late 2011, broadening its hybrid car line-up, the Asahi newspaper reported on Tuesday.
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Volkswagen mulls 4 bln euro capital hike -FT

Volkswagen (VOWG.DE), Europe's largest carmaker, is considering raising up to 4 billion euros ($5.7 billion) ahead of a takeover of Porsche (PSHG_p.DE) to protect its credit ratings, the Financial Times reported on Monday.
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Opel labor demands more say in disposal decision

Opel's labor force demanded greater say in the process of selecting a future investor for the German carmaker and called on former parent General Motors GM.UL to forgo any right to buy back a stake at a later point.
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India's Tata Motors Q1 up 58 pct, beats f'cast

Tata Motors Ltd (TAMO.BO), India's largest vehicle maker, reported a 58 percent rise in net profit, with a change in accounting policy and lower costs seeing it defy forecasts for a halving of profit and sending its shares up.

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