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Glare from London 'fryscraper' blamed for melting cars A British property developer said Tuesday it was investigating after sun rays reflected from its half-finished London skyscraper melted parts of several cars, including a luxury Jaguar.

04 September 2013

Ford recalls 370,000 vehicles due to steering risk Ford Motor Co. said Friday it was recalling about 370,000 vehicles in North America due to possible corrosion of the steering shaft that could cause a loss of steering.

02 September 2013

GM, Hyundai recall vehicle in US General Motors and Hyundai both recalled large numbers of vehicles in the United States Friday.

18 August 2013

New government bailout for Australian auto industry The Australian government Monday pledged a fresh Aus$200 million (US$177 million) bailout package for the car manufacturing industry.

05 August 2013

Astana-Borovoye autobahn generates $20 thousand a day The state budget has been receiving 3 million tenge ($20 thousand) per day since commissioning of Kazakhstan's first 6-lane toll road.

26 July 2013

Volvo trucks reports profit drop but sees sales pick up Swedish heavy truck and construction equipment maker Volvo reported that profits plunged in the second quarter.

24 July 2013

Detroit becomes largest US city to file for bankruptcy Detroit on Thursday became the largest city in US history to file for bankruptcy protection after decades of decline and mismanagement rendered the home of the nation's auto industry insolvent.

19 July 2013

Ford sees turnaround in Europe The steep contraction of Europe's auto industry -- which has trimmed sales, forcing carmakers to absorb punishing losses and slash production -- appears to be reaching bottom.

12 July 2013

Dongfeng, Renault to set up $1.8 bn JV: media Ambitious Chinese automaker Dongfeng Motor and France's Renault may sign a deal this month for an 11 billion yuan ($1.8 billion) joint venture after a decade of talks.

09 July 2013

GM to invest $691 million to boost Mexico operations General Motors announced Wednesday that it will invest $691 million to boost its operations in Mexico, a nation whose low wages and proximity to the United States are increasingly attracting automakers.

27 June 2013

Chrysler agrees to recall of 2.7 million Jeeps Chrysler announced Tuesday that it would bow to the US safety regulator's pressure to recall 2.7 million Jeep Libertys and Jeep Grand Cherokees over a fire risk that caused dozens of deaths.

19 June 2013

Ford to halt car production in Australia in 2016 Ford announced Thursday it would cease making vehicles at its unprofitable Australian plants in 2016 and axe 1,200 jobs, ending an era that began in 1925 with the firm's first local car.

24 May 2013

SUV popularity in China casts cloud over green-energy cars Chinese carmaker BYD gave pride of place to its new S7 SUV at the Shanghai auto show Saturday while another of its models, a fully-electric vehicle, languished in a corner with only a handful of visitors.

21 April 2013

Auto makers show off vehicles in key China market Global car makers Saturday showed off hundreds of gleaming models ahead of the opening of the Shanghai auto show, vying for attention with glitzy shows as they target the crucial Chinese market, the world's largest.

20 April 2013

Chrysler will take losses on electric cars: CEO Chrysler Group stands to lose $10,000 on every battery-powered Fiat 500 it sells in California..

19 April 2013

World car firms see China market as saviour Global auto makers will flock to China's premier car show, affirming its importance as the world's largest vehicle market and the saviour of an industry pummelled by European and US economic woes.

19 April 2013

GM Holden cuts 500 jobs in Australia Car manufacturer GM Holden announced Monday 500 jobs will be axed from plants in Australia, blaming the strength of the local dollar for squeezing sales.

09 April 2013

Electric car maker Fisker cuts 75 pct of workforce High end electric car maker Fisker Automotive, which has had financial difficulties for months, said Friday it was laying off 75 percent of its workforce.

06 April 2013

GM, Ford, Chrysler post best US sales since 2007 General Motors, Ford and Chrysler reported their best US sales performances since 2007 on Tuesday amid booming overall auto demand following the US industry's near-collapse five years ago.

03 April 2013

China car maker BYD reports profit plunge Chinese electric car producer BYD, which is partly backed by US investment titan Warren Buffett, said its net profit plunged more than 94 percent year-on-year in 2012, hit by slowing growth in the country.

25 March 2013

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