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Latest Articles in automaker

Mitsubishi Motors' Full-Year Profit Slumps 89%

Profit came in at 12.8 billion yen ($119.21 million) for the year just ended, down sharply from 111.8 billion yen a year ago.

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BMW Cuts Margin Outlook For Cars Division, Citing Coronavirus Woes

The EBIT margin in the motorcycles segment will now be within a range of between 3% and 5%, rather than 6% and 8%,

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Kia Motors May Make Face Masks At China Factory To Fight Coronavirus

Kia has suspended production at its Georgia plant in the United States, its Slovakia site and operations in India due to the coronavirus pandemic.

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Automakers Halt Production In India Due To Coronavirus

Indian carmaker Tata Motors Ltd said on Friday it was rapidly scaling down activity at its car factory in Maharashtra and was preparing to close it if concerns about coronavirus deepen.

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Nissan Seeks $91 Million In Damages From Ghosn Over Alleged Financial Misconduct

Nissan said it expects the amount claimed in damages to "increase in future" as it seeks to recover fines it expects to have to pay to regulators due to Ghosn's alleged misconduct.

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Maruti Suzuki's Q3 Profit Advances By 5% At Rs 1,565 Crore

This was largely due to cost reduction efforts, lower operating expenses, lower commodity prices and reduction in the corporate tax rate.

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Equity Indices On Upswing Amid Trade Deal Optimism

At 10:15 am, the BSE S&P Sensex was up by 315 points to 40,897 while the Nifty 50 gained 78 points at 12,050.

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Maruti Trims Prices After Government Cuts Corporate Taxes

The company cut prices on 10 different models by 5,000 rupees ($70) each, representing discounts of just about 1 per cent or less on average car prices.

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Maruti Suzuki Cuts 3,000 Contract Jobs

With India's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers.

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Good Time To Invest In India, Says Volvo India Head Tom Von Bonsdroff

Volvo, the Swedish automaker, had an eventful 2016. When almost every luxury carmaker struggled to boost sales amidst diesel ban and demonetisation, Volvo grew at a rate of 10-11 per cent

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Maruti Suzuki Q2 Profit Rises 60%, Beats Estimates

Maruti Suzuki India Ltd, India's biggest-selling automaker, on Thursday posted a 60 per cent rise in second-quarter net profit, beating analyst estimates, helped by higher volumes and lower expenses

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Suzuki Says It Used Wrong Mileage Tests For Japan Models; Shares Slide

Japan's fourth-largest automaker said 2.1 million vehicles were affected but Chief Executive Osamu Suzuki told reporters that his workers did not intentionally use improper data

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