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Fast-growing Toyota Motor Corp said Thursday it was keeping its sales target this year for the US market, saying the effects of a housing sector crisis there would be temporary.
The Japanese giant is jostling with General Motors to come out this year as the worlds best-selling automaker. The recovering Detroit giant has held the title for seven decades.
Japans largest truck maker Isuzu said Tuesday it aimed for operating profits to rise 40 percent in the next four years as it focuses on overseas markets, particularly in Asia.
Isuzu Motor Ltd. set the mid-term goals despite anticipation that demand will remain sluggish in Japan, where the population is declining and demand for environment-friendly trucks is seen as having peaked.
Mercedes is considering outsourcing production of transmissions for the next generations of its A-, B- and C-class models to cut costs and improve innovation, auto motor und sport reported, citing company sources.
German carmaker Volkswagen and US computer company Apple are discussing the possibility of producing a car together.
A firm controlled by Russian billionaire Oleg Deripaska won permission from the European Commission today to take a stake in Canadian auto parts supplier Magna International Inc.
Supplier Noble International Ltd. said today its shareholders overwhelmingly approved the company's plan to acquire Tailored Blank Arcelor, a unit of Netherlands steel giant Arcelor Mittal in a deal valued at about $300 million.
Noble executives said the acquisition should close within days now that shareholders have approved the deal.
Garmin has today announced the new n??vi 700 series satellite navigation system. With the 700 series Garmin has elegantly combined advanced technology with enhancements to its user interface to ensure an intuitive and easy navigation experience. This is combined with elegant design and an integrated antenna to make it exceptionally compact and stylish. It also comes with traffic warnings to tell you of any congestion ahead and safety camera alerts for mobile as well as fixed cameras
Renault and its Japanese ally Nissan say they will build a plant in Tangiers, northern Morocco, dedicated to low-cost cars and commercial vehicles, most of which will be exported all over the world.
German sports carmaker Porsche aims to raise its stake in German car maker Volkswagen to 51 percent, the German current affairs weekly Der Spiegel reported.
A Porsche spokesman said on Saturday, Sept. 1, that the companys board had made no decision about raising the stake above the current 31 percent.
Citing unidentified stock market sources, the magazine said Porsche was buying options entitling it to increase its VW stake by exercising them.
As the UAW remembers the 100th anniversary today of the birth of the union president credited with establishing health care and pension benefits for U.S. autoworkers, UAW members are waiting to hear whether -- and how -- President Ron Gettelfinger will be able to preserve those benefits in the next contract with Detroits automakers.
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