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LONDON (AFP) - Lotus have set their sights on a top-three finish in this year's Formula One (F1) world championship after becoming the first team to unveil their car for the forthcoming campaign.
BERLIN (REUTERS) - Dominant carmaker Volkswagen (VW) reinforced its apparent immunity from the crisis engulfing Europe's auto industry, reporting a hefty sales rise and staying on course for another record year.
ANN ARBOR, Michigan (AFP) - Hyundai is facing vehicle shortages in the United States (US) after a blistering 10 per cent sales increase in the first half of 2012, the company's chief executive for the US John Krafcik said on Friday.
AULNAY-SOUS-BOIS, France (REUTERS) - Auto body painter Kamel Yousfi's extended family emigrated from Algeria to work for Peugeot-Citroen in the 1970s. So news that the factory outside Paris where he has worked for most of his adult life will close came as an unforgiveable betrayal.
FRANKFURT (AFP) - General Motors (GM) was pressed by unions on Friday to respect job pledges at its German unit Opel after the shock resignation of its chief executive and as Europe's car sector struggles with overcapacity.
DETROIT (AP) - The slowing economy dragged down Ford Motor's European sales during the first half of the year, with the company predicting that the region's overall sales would drop to the lowest level since 1994.
MUMBAI (AFP) - India's Tata Motors-owned British luxury brands Jaguar and Land Rover will launch several sports cars and fuel-efficient engines in the next two years, Tata group chairman Ratan Tata said on Friday.
PARIS (REUTERS) - PSA Peugeot Citroen's shares sank to a 26-year low on Friday amid concerns that a politically fraught plan to axe 8,000 jobs and close one plant may not be enough to keep Europe's second-biggest automaker on the road.
BEIJING (REUTERS) - Volkswagen said on Friday it had sold 1.3 million cars in mainland China and Hong Kong in the first half of the year, up 17.5 per cent from a year earlier.
FRANKFURT, Germany (AP) - The chief executive officer (CEO) of General Motors' (GM) loss-making European business abruptly stepped down on Thursday, a sign that the automaker's top management wants to speed up what has been a slow-moving restructuring plan.
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