Canon stake in Oce hiked to 84 pct after tender offer

2010-03-20T02:00:09Z

<div><p>TOKYO (Reuters) - Japan's Canon Inc <7751.T> said its tender offer for shares in Oce NV <OCEN.AS> has raised its stake in the Dutch printer maker to 84 percent, moving closer to its target of turning Oce in...

Visteon retirees file emergency motion on benefits

2010-03-19T10:45:48Z

<div id="subtitle">Visteon retirees asks federal judge to halt termination of health benefits</div><div><p>Former workers for auto parts supplier Visteon Corp. are pushing ahead with their fight to preserve their retiree health and life insurance benefits.</p><p>The retirees filed an emergency motion Thursday asking a federal judge in Delaware ...

Apple director, ex-auto executive York dies

2010-03-18T15:46:48Z

<div id="subtitle">Jerome York, Apple director, auto industry reformer and Kerkorian adviser dies at 71</div><div><p>Jerome York, an Apple Inc. board member and a financial wizard credited with turning around Chrysler and IBM, died Thursday of a brain ...

Toyota, Lexus slip in key dependability study

2010-03-18T09:00:16Z

<div><p>DETROIT (Reuters) - Toyota and its luxury Lexus brand slipped for the second consecutive year in an influential vehicle dependability study released on Thursday.</p><p>Toyota Motor Corp's <7203.T&...

Apple board member York hospitalized: source

2010-03-18T08:15:13Z

<div><p>SAN FRANCISCO (Reuters) - Apple Inc <AAPL.O> board member Jerry York was hospitalized on Wednesday near his home in Detroit after suffering a collapse, a person familiar with the matter said.&...

Porsche takes top spot in dependability study

2010-03-18T07:45:14Z

<div id="subtitle">Porsche leaps to top of closely watched dependability study; Toyota loses ground to rivals</div><div><p>Porsche shot to the top of a closely watched study of long-term vehicle dependability, overtaking U.S. and Japanese rivals,

Japan Britain Nissan

2010-03-18T03:30:32Z

In this March 15, 2010 photo, Nissan Motors Co. Chief Operating Officer Toshiyuki Shiga speaks with a background of the automaker's "Leaf" zero-emission electric vehicle during a press conference with other executives of Japanese automakers, Fuji Heavy Industries and General Motors has reasonable chance to make money in 2010</div><div><p>If the economy cooperates and auto sales recover a bit, General Motors Co. has a reasonable chance of turning a full-year profit in 2010, its new chief financial officer said Wednesday.</p><p>Former Microso...

Ford Motor Co. shares hit five-year high

2010-03-17T14:33:13Z

<div id="subtitle">Shares of Ford Motor Co. continue steady rise, hit highest price in 5 years</div><div><p>Shares of Ford Motor Co. surged to a five-year high Wednesday after a ratings agency upgraded the automaker's debt and said Ford has the potential to improve its finances even further.</p><p>The Dearborn, Mich., automa...

The quest for energy solutions

2010-03-17T11:46:02Z

<div id="subtitle">The essential role of private enterprise</div><div><p>After a great deal of hype and hope, the Copenhagen climate summit produced no more than a vague promise to continue to work together. The only real point of consensus was to agree to meet again in November in Mexico to continue the discussions. </p><p>Last month, we noted the lack of measurabl...

GM CFO

2010-03-17T11:17:08Z

In this undated photo provided by General Motors Co., GM CFO Chris Liddell is shown. Liddell, at his first meeting with reporters in Detroit on Wednesday, March 17, 2010, said the automaker is making money in Brazil and China,...

Porsche cuts debt, forecasts loss this year

2010-03-17T07:17:15Z

<div><p>The German luxury car maker Porsche said on Wednesday that has paid down nearly half its mountain of debt but that it expects to suffer a net loss in its current fiscal year.</p><p>Porsche turned a profit in the first six months however, while maintaining a solid profit margin of 10.4 percent, company figures showed.</p><p>In the first half of its 2009/2010 fiscal yea...

Porsche H1 profit skids 83 pct on VW merger costs

2010-03-17T05:45:19Z

<div id="subtitle">German sports car maker says 6-month profit down 83 percent on costs of Volkswagen merger</div><div><p>A dip in sales and costs from its failed attempt to take over Volkswagen pushed sports car maker Porsche's six-month net profit down by 83 percent.</p><p>The maker of the 911, Cayenne and Federal Signal says it plans to combine 5 divisions into a new technology group</div><div><p>Security systems company Federal Signal said Tuesday that it will combine three recently acquired businesses and two older units into a new division.</p><p>The combined entity will be called Toyota sales in Europe slip 20 percent in February; overall car sales rise 3 percent</div><div><p>Toyota's sales in Europe slipped 20 percent in February from a year ago after the company launched a massive recall to fix faulty gas pedals, according to EU car makers' sales...

Japan Toyota

2010-03-16T04:30:53Z

File - In this March 5, 2010 file photo, Akio Toyoda, president of Toyota Motor Co., bows during a Toyota's crisis meeting in Toyota city, central Japan, as Yoshimi Inaba, chief executive officer and president of Toyota Motor North America Inc., left, and Bob Waltz, Toyota Motor Sales USA Vice President of Product Quality and Service Support, left, speaks as Toyota Motor Sales USA Vice President of Communications Mike Michels looks on during a news conference held Monday, March 15, 2010 in San Diego. Toyota held the news conference to share preliminary findings of the ...

Chinese automaker BYD plans massive expansion

2010-03-15T01:15:43Z

<div><p>Chinese automaker BYD Co. said Monday it had massive expansion plans this year and would consider building a plant in the United States, a day after announcing annual profits had tripled.</p><p>The company, which has the backing of American billionaire Warren Buffett, said it will put aside 10...

BYD posts record Q4 profit on robust sales

2010-03-14T17:45:22Z

<div><p>SHANGHAI/HONG KONG (Reuters) - BYD Co, the Chinese car and battery maker backed by U.S. billionaire Warren Buffett, posted a forecast-beating fourth-quarter result on Sunday, as Beijing

Is the Auto Sector Out of the Woods of Recession?

2010-03-14T10:59:09Z

This is the most logical question that anyone and everyone has on their minds. Is the auto industry out of the woods? Is the impact of Recession over? Or, are we inching closer to an end of Recession and its subsequent impact on the car sales across the World?<br><br>Now, to be honest, these are very subjective questions that do not have a clear cut answer. Since it is too broad a question, let us try and analyze the available yardsticks that can help us decide or know about the p...

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