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Global Auto Sales Likely to Grow 4% This Year
5/30/2012Worldwide car and light truck sales will expand by 2.9 million units to 78.5 million vehicles this year, led by strong demand in China, North America, Japan and India, IHS Automotive predicts.
Mahindra Earnings Jump 36%
5/30/2012India's Mahindra & Mahindra Ltd. posted a net profit of 9.1 billion rupees ($161 million) for the fiscal fourth quarter ended March 31 compared with 6.7 billion rupees ($119 million) a year earlier.
Ford Sells Automotive Lamp Business
5/30/2012Ford Motor Co.'s Automotive Components Holdings LLC unit has finalized a year-old agreement to sell its headlamp and taillight business to Ventra Sandusky LLC, a subsidiary of Flex-N-Gate automotive group in Urbana, Ill.
Toyota Opens Finance Arm in India
5/30/2012Toyota Motor Co.'s finance unit will start offering loans next week to buyers of the carmaker's vehicles through dealerships in Bangalore and New Delhi, India.
Schaeffler Earnings Tumble 46% Despite Sales Gain
5/30/2012Schaeffler AG reports it netted €236 million in the first quarter of this year compared with €438 million in the same period of 2011.
Nissan Aims to Double Commercial Vehicle Sales by 2016
5/30/2012Nissan Motor Co. intends to boost its global sales of commercial vehicles to 2 million units by the fiscal year ending in March 2017 from 1.1 million in the previous 12-month period, The Nikkei reports.
Second Quake in Italy Idles Supercar Production
5/30/2012A second earthquake in northern Italy has temporarily suspended production in the region at plants operated by Ferrari, Lamborghini and Maserati.
Second Quake in Italy Idles Supercar Plants
5/30/2012A second earthquake in northern Italy has temporarily suspended production in the region at plants operated by Ferrari, Lamborghini and Maserati.
Fiat: No Interest in Buying Mazda Shares
5/29/2012Chairman John Elkann says Fiat SpA has no interest in taking an equity stake in Mazda Motor Corp., its partner in a new sports car venture.
Fisker Says Karma Sales Top 1,000 Cars
5/29/2012Fisker Automotive Inc. reports it generated $100 million in revenue in the January-April period by selling about 1,000 of its $103,000 Karma plug-in hybrid sedans.