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ECB Cuts Interest Rate to 0.25%
11/7/2013The European Central Bank reduced its benchmark interest rate today to 0.25% from 0.5%, where it had been since May.
Pirelli Launches Four-Year Plan to Boost Margins
11/7/2013Pirelli SpA says it intends by 2017 to cut costs €350 million, sell €150 million in non-core operations and shift its production focus to more profitable truck and premium passenger car tires.
U.K.’s Car Market Growth Slows
11/7/2013New-car registrations in the U.K. grew only 4% in October, the slowest pace in eight months, the Society of Motor Manufacturers and Traders reports.
Toyota's Earnings Jump 70%
11/7/2013Toyota Motor Corp.'s net income in its July-September fiscal second quarter surged to 438 billion yen ($4.4 billion) from 258 billion yen ($2.6 billion) a year earlier.
Toyota Raises Outlook
11/7/2013Toyota Motor Corp. has raised its outlook after posting strong results in its fiscal second quarter ended Sept. 30.
Toyota Boosts Outlook As Earnings Jump 70%
11/6/2013Toyota Motor Corp.'s net income for July-September fiscal second quarter zoomed to 438 billion yen ($4.4 billion) from 258 billion yen ($2.6 billion) a year earlier.
Peugeot Profit Plan: Expand Existing Lineup
11/6/2013Peugeot brand CEO Maxime Picat tells Automotive News Europe the company plans to increase its profitability by adding high-end variants of its existing vehicle lineup rather than developing all-new models.
Magna Profits Fall
11/6/2013Third-quarter sales by Magna International Inc. rose 13% to US$8.3 billion year on year, and adjusted earnings before interest and taxes surged 26% to $444 million.
Volvo Spells Out Revival Plan for U.S. Market
11/6/2013Volvo Car Corp. tells reporters in Detroit it aims to reverse its sliding sales in the U.S. with fresh "Scandinavian" designs, new powertrains, an emphasis on simple luxury and a return to its safety-focused image.
F-Type Coupe Joins Convertible in Jaguar Lineup
11/6/2013Jaguar's F-Type coupe will make its global public debut at the Los Angeles and Tokyo auto shows Nov. 20 and will go on sale next spring.