Fiat India records profits

Positive results by Fiat’s core automotive division is reported to perform well as it posted again profit for the fourth straight quarter this week. The company continued gaining from improved sales of Grande Punto hatchback and other popular Fiat models. Fiat is aiming for a 2006 group trading profit of 1.85 billion euros, targeting a net profit of...

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The Bosch Group bids for Pacifica

The market is excited with the news that Bosch Group has made a $495 million bid for Australian auto parts manufacturer Pacifica Group Limited (PBB). Bosch intends to make an off-market takeover offer for Pacifica.The offer includes the assumption of Pacifica’s existing net debt. The Bosch cash offer represents an outstanding opportunity for Pacifica...

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Toyota hiring new staff in Lafayette

The Toyota Subaru production plant of Indiana Automotive Inc. in Lafayette is hiring a 1,000 strong automotive workforce. SIA and the Indiana Department of Workforce Development have collaborated to design a paperless, online application process that will begin on Oct. 30. Applications also will be accepted at any WorkOne office in Indiana.SIA is...

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New cars at factory outlet prices

It sounds impossible but Factory Outlet Cars is one of the first retailers to promise a range of new cars at factory outlet prices. The company is one of the largest UK online new car dealers, offering a wide range of new car prices with considerable savings. The price discounts on new cars do not compromise on customer service and the company has...

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Bad year for Ford or automotive in Australia?

The Australian is reporting on new job losses across Australias besieged automotive parts industry this week, after Ford Australia unveiled plans to cut new car production by 20%.The news come following previously reported new car sales figures drop for Holden and Toyota, in September last year.Ford also warned of job losses from its 5000-strong workforce...

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