| UPDATE 2-Advance Auto seeks top spot in US auto parts with $2 bln buy |
Oct 16th, 2013 |
Wed Oct 16, 2013 8:13am EDT * To buy General Parts International in $2.04 bln deal * New company to have annual sales of $9.2 bln * Advance Auto 3rd-qtr sales rise 4.3 pct * Advance Auto shares up 5.5 pct before the bell (Adds results, other details, background) Oct 16 (Reuters) - Advance Auto Parts Inc will buy General Parts International Inc for just over $2 billion, creating the largest ...
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| Conference held in Tokyo to improve transportation system |
Oct 16th, 2013 |
Auto makers and electronic companies from 80 countries participated in an 'Integrated Transportation System Congress', organised in Tokyo recently, to showcase latest technologies which would help in improving the transportation system. The participants revealed many latest innovations which would enhance the driving experience. Auto giants like Nissan and Yamaha introduced autonomous car and ...
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| Great potential in automotive sector Hitachi Chemical |
Oct 16th, 2013 |
Jaipur, Oct 16 : India has tremendous potential in the automotive industry and there is great potential for investment, Hitachi Chemical president Kazuyuki Tanaka said ...
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| Earnings Preview 2013 Q3 Union Pacific Transporting More Cars Crude Oil As Coal Shipments Fall Helping To Boost Profit 13 |
Oct 16th, 2013 |
Union Pacific Corporation (NYSE:UNP), one of the leading rail companies in North America, will see a profit gain of 13 percent in the third-quarter as stronger prices for vehicle, chemical and crude oil shipments offset decreased coal and agricultural ...
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| European car sales get boost as figures rise for only the third time in two years |
Oct 16th, 2013 |
New cars sales across Europe rose for only the third time in two years. Figures released for September show an overall climb of 5.4 percent in the European Union from a year ago. The figures were boosted by a surge in UK sales and an extra working day. Britain led the way with a 12 percent rise taking sales just past the 400,000 mark in new vehicles. Industry watchers have been looking for ...
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| Hyundai CEO Government Shutdown Hurts Auto Sales |
Oct 16th, 2013 |
The government shutdown may see a resolution in the coming hours -- or days -- but damage has already been done to auto sales according to Hyundai CEO John Krafcik. Read why he thinks sales could be down 10 percent this month at USA ...
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| Raleighs General Parts sells for $2 billion to Advance Auto Parts |
Oct 16th, 2013 |
General Parts International, the Raleigh-based parent company of Carquest Auto Parts, is selling the company to one of its competitors, Advance Auto Parts (NYSE: AAP) for about $2 billion. The deal would create a company with $9.2 billion in annual sales, which would be comparable to industry leader AutoZone Inc. (NYSE: AZO). General Parts ranks at No. 4 among the country's largest auto ...
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| Some Hope for European Auto Sales |
Oct 16th, 2013 |
FRANKFURT ...
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| Toyota Wins First Acceleration Trial |
Oct 16th, 2013 |
A jury in California on Thursday found Toyota Motor Corp. not liable in one of the first wrongful death lawsuits to go to trial in the United States over alleged defects that caused some vehicles to unexpectedly accelerate. The closely watched case was brought by the husband and son of Noriko Uno, a 66-year old woman killed in a 2009 car crash involving a 2006 Toyota Camry. It is among hundreds ...
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| Stolen cars valued at RM2.1 mil recovered |
Oct 16th, 2013 |
: Eighteen stolen vehicles, mainly four-wheel drives valued at almost RM2.1 million that were to be smuggled into Dubai, were recovered by police in a sting operation at a Klang warehouse on Oct 9. Kuala Lumpur police chief Senior DCP Datuk Mohmad Salleh said except for the vehicles, the raiding party did not find any of the theft syndicate members at the warehouse when they ambushed the place ...
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