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Asia's Markets

Asia's Markets Close Mixed Wednesday; Nikkei Rises

Japan's leading share average rose to a three-week closing high on Wednesday after better-than-expected economic data from the United States and China, although strategists said the rally could stall if the euro holds below 100 yen.

India's flashy new rich drive luxury car boom

Aston Martin
From farmers who swapped fields for cash to 20-something CEOs that inherited the family business, hot new money is flooding India's luxury car market as roaring sportscar engines announce the country's growing wealth on its roads.

Global Carmakers to Go Greener at Delhi Auto Expo

Auto Expo
Fuel-efficient cars and a slew of new SUV models will be unveiled at Delhi's Auto Expo later this week as global carmakers continue to rev up their activity in one of the world's few growth engines despite a recent slowdown in sales.
A salesman talks on a phone at a Hyundai Motor dealership in Seoul April 28, 2011.

Hyundai and Kia See Slower Sales Growth in 2012

Hyundai and affiliate Kia aim to boost global vehicle sales by 6 percent this year to a combined 7 million vehicles, which would mark a slowdown for a duo that has enjoyed double-digit sales rises in recent years.
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Toyota expects record sales in 2012

Japanese carmaker Toyota Motor <7203.T> forecast a 20 percent jump in 2012 sales to a record 8.48 million vehicles, as it recovers from output losses caused by natural disasters in Japan and Thailand this year.
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After a year of disasters, Toyota sees record sales

Toyota Motor Corp forecast a 20 percent jump in global sales to a record 8.48 million vehicles next year as it claws back from this year's output losses caused by natural disasters in Japan and Thailand.
GM Sonic

GM to showcase sporty Sonic at Detroit auto show

General Motors Co will unveil next month a sporty version of its Chevrolet Sonic subcompact car for the 2013 model year in a bid to make the 100-year-old brand more appealing to younger buyers.
Hyundai Elantra

U.S. Auto Sales Jumped 7 Percent in November: Report

Chrysler and Hyundai led the way for strong automotive sales in the United States in October, as sales continue to rebound from recession slumps, according to analysis from the Great American Group released Monday.
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Music exec still critical after Hollywood shooting

A former Death Row Records vice president, John Atterberry, remains in critical condition at Cedars-Sinai Hospital in Los Angeles, one of several victims caught Friday in a Hollywood street rampage conducted by a distraught 26-year-old gunman.
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Toyota halves profit view

Toyota, set to lose its crown as the world's top-selling automaker this year, more than halved its annual profit forecast to $2.6 billion, reeling from a strong yen and Thai floods that severed its supply lines.
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Toyota sees lower profits, hit by yen, Thai floods

Toyota Motor Corp <7203.T> cut its profit forecast for this business year by more than half on Friday as it continues to suffer from a stronger yen and widespread output disruptions due to Thailand's floods.
Ferrari crash

Ferrari Crash in Japan 'A Gathering of Narcissists' [VIDEO]

In what is fast being called the world's most expensive car crash, no less than eight Ferraris, a Lamborghini and three Mercedes ended up in a massive 14-car pileup in Japan yesterday. Watch video of the pileup here, which began when one of the Ferarri drivers, almost all of whom were traveling above the speed limit, swerved into the right lane on the crowded freeway.
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Toyota to announce earnings forecast on Friday

Toyota Motor Corp <7203.T> will announce an earnings forecast on Friday for the financial year to March 2012, as it steadily restores production disrupted by Thai flooding that forced it to withdraw its outlook a month earlier.
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US judge dismisses non-U.S. claims against Toyota

Toyota Motor Corp has won the dismissal of a U.S. lawsuit brought by vehicle owners in 14 other countries who said their Toyotas lost value because of the Japanese automaker's mishandling of alleged unintended acceleration problems.
Toyota Prius

Toyota, BMW Join Hands on Green Technology

Toyota Motor Corp and BMW AG agreed on Thursday to join hands on a broad range of environmental technologies, forging a partnership between two engineering stalwarts in the increasingly competitive auto industry.

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