Automotive Retail
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Detroit automakers have begun to close the quality and reliability gap with their rivals, and a new study suggests that domestic models may even be taking the lead in many key market segments. NBC News reports.
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NEW YORK, March 26- U.S. industry sales in March have been strong, with the annual sales rate tracking at a pace that would top 15 million for the fifth consecutive month, a senior U.S. executive for Toyota Motor Corp said on Tuesday.
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*Car sales in Germany, Netherlands and Nordics weakening. The chill in cars sales has spread from southern Europe, where the worst of the euro zone debt crisis is crippling economies, to the north, including the region's biggest car market, Germany.
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DETROIT, March 21- U.S. auto sales in March are expected to rise 8 percent and the annual sales pace should top 15 million for the fifth straight month as consumers shake off worries about the economy, according to research firms J.D. Power and Associates and LMC Automotive.
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Tze Shen Cheam, Analyst, China Autos Research at CIMB Securities discusses Geely Auto's positive 2012 results.
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MILAN, March 19- Europe's car sales fell last month to their lowest February level in at least 23 years, industry figures showed on Tuesday, dwindling to the sort of trickle usually only seen during the August holiday when cities are empty.
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MILAN, March 19- Europe's car market shrank a further 10.2 percent in February, with sales of new vehicles falling to 829,359, according to figures from the Association of European Car Manufacturers. General Motors and Fiat were the next biggest fallers, dropping 20.1 percent and 15.7 percent respectively.
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Europe's new car market shrank a further 10.2 percent in February.
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Chrysler has issued an unusually dire warning to some owners of its Dodge Challenger muscle car instructing them to park the vehicles, NBC News reports.
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Honda Motor will recall nearly 250,000 vehicles globally, including some Acura MDX crossover SUVs, due to braking problems, the automaker said.
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Kia has touched off an unexpected firestorm in Northern Ireland over the name of its new car.
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After a difficult January, when shoppers first felt the effect of a payroll tax hike that lowered take-home pay by 2 percent, some retailers got a little relief in February from growing employment and a rising stock market.
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Philippe Varin, CEO of Peugeot, tells CNBC why Peugeot are aiming to break even at the end of 2014, based on the current market conditions.
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Kevin Rose, global sales and marketing director at Bentley, tells CNBC that individuality and personality are key to the luxury market's success, whereas mass market products have become too much of a commodity.
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The world's major luxury auto manufacturers have been bucking the trend, rolling out new models for the super luxury market at the 83rd Geneva motor show, against a backdrop of slumping sales in the mass market in Europe.
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American car buyers, attracted by new models and cheap financing, are taking out bigger auto loans and stretching out the terms of those loans to a new record length.
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Europe's car market is facing a precipice and the region's shrinking demand shows little signs of recovery this year, Carlos Ghosn CEO of Renault Nissan, told CNBC Tuesday.
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Stephan Winkelmann, CEO of Lamborghini, tells CNBC that without going global it is very difficult for any manufacturer - luxury or mass market - to be successful.
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Susan Docherty, president of Chevrolet Europe, tells CNBC why the lack of a big event to spark a big restructuring of manufacturing footprint means the European automotive retail recovery will take a lot longer than in the US.
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Mike Flewitt, COO of McLaren, tells CNBC that McLaren isn't looking to expand production this year as they aim to keep the brand as exclusive as possible.
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Luca de Meo, board member of marketing at Audi, tells CNBC why big brands need to develop ecological cars as well as traditional, powerful motors if they are to compete in a challenging climate.