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Profits Triple for Tata Motors
2/11/2014Tata Motors Ltd. reports that its net profit zoomed to 48 billion rupees ($771 million) in the third fiscal quarter ended Dec. 31 from 16.3 billion rupees a year earlier.
Chrysler Pays Off Final Bankruptcy Debt
2/11/2014Chrysler Group LLC has paid off the last of its debts associated with the company's bankruptcy in 2009.
Porsche Says New SUV Will Boost Sales to 200,000
2/11/2014Porsche AG says the Macan small SUV it will introduce in April will push the company's global sales to a record 200,000 units in 2015.
China’s BYD Launches Electric Taxis in London
2/11/2014YD Co. Ltd. is rolling out the first of a fleet of 20 electric taxis in London today ahead of a mandate that all the city's taxis must be zero-emission vehicles by 2018.
Vehicle Sales Fall 6% in Russia
2/11/2014Demand for new cars and light commercial vehicles in Russia dropped to 152,700 units in January from 162,100 a year earlier, according to the Moscow-based Assn. of European Businesses.
U.S. Dealer Inventories at Post-Recession High
2/11/2014The volume of unsold new cars on dealer lots in the U.S. has ballooned to its highest level since 2009, according to Automotive News.
Honda Halts Fit Hybrid Deliveries, Launches Recall
2/10/2014Honda Motor Co. is recalling all hybrid versions of its 2014 Fit small car and Vezel small crossover made since July 2013.
JLR’s Quarterly Profits Double
2/10/2014Tata Motors Ltd.'s Jaguar Land Rover unit posted earnings before interest, taxes, depreciation and amortization of 842 million (€1 billion) in its fiscal third quarter ended Dec. 31 compared with and EBITDA of 404 million in the year-earlier period.
No Deal Yet on PSA Equity Sale
2/10/2014Dongfeng Motor Group says no agreement has yet been reached on a €3 billion funding plan for PSA Peugeot Citroen.
German Carmakers Return Best-Car Awards in ADAC Scandal
2/10/2014BMW, Daimler and Volkswagen say they are returning several best-car awards they received from Germany's ADAC auto association after the group admitted to manipulating the vote totals in this year's ratings, Reuters reports.