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Chinese Automaker Geely Says First-Half Profit Down 20%  

Geely, a major domestic producer in the world's biggest automotive market, posted an RMB1.11 billion profit that beat analysts' forecasts despite a 29% drop in first-half sales compared with year-ago....More
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Thai July auto sales fall 29.5 pct y/y - federation  

BANGKOK, Aug 20 (Reuters) - Data published by the Federation of Thai Industries (FTI) KEY DATA Thai monthly car and truck sales: 2014 y/y pct units Jul -29.5 69,267 Jun -30.4 73,799 May -37.7 69,681 Apr -33.2 73,242 Mar -46.7 83,983 Feb -44.8 71,680 Jan -45.5 68,508 2013 Dec -24.9 108,688 Nov -37.2 93,123 Oct -37.7 88,989 -...More
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INDIA PRESS-Punjab fastener makers to set up buyer-seller cluster in Gujarat-PTI in Business Standard  

(http://bit.ly/1rlo3tC) Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Aby Jose Koilparambil in Bangalore)...More
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UPDATE 1-Buoyant China lifts Geely's Volvo Car Group to H1 profit  

* H1 op profit 1.21 bln SEK vs year-ago loss of 577 mln * Strong demand in China, Europe offsets U.S. weakness * H1 revs rise to 64.8 bln SEK from 56.4 bln STOCKHOLM, Aug 20 (Reuters) - Geely-owned carmaker Volvo Car Group said it swung to a profit for the first half of the year on the back of sharply rising sales in China and growth in Europe, more than offsetting lingering weakness in the United States....More
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NHTSA Fine-Tunes Auto-Recall Online Search Tool  

The agency's SaferCar.gov website now allows consumers to search more precisely for possible safety recalls using the car's or motorcycle's Vehicle Identification Number....More
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Geely's Volvo Car Group swings to profit in H1  

STOCKHOLM, Aug 20 (Reuters) - Geely-owned carmaker Volvo Car Group swung to a profit for the first half of the year as sharply rising sales in China and growth in Europe more than offset lingering weakness in the United States, its results showed on Wednesday. Volvo, bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010, reported operating earnings of 1.21 billion crowns ($176.5 million) versus a year-ago loss of 577 million. (1 US dollar = 6.8541 Swedish crown) (Reporting by Niklas Pollard; editing by Alistair Scrutton)...More
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China says will punish all firms that violate laws  

BEIJING, Aug 20 (Reuters) - Companies operating in China will be punished if they violate laws, regardless of whether they are domestic or foreign firms, a senior official at the country's economic planner said on Wednesday. Li Pumin, secretary general of the National Development and Reform Commission, made the comments shortly after the commission said it had fined 12 auto part makers, including foreign firms, 1.23 billion yuan ($200 million) for manipulating prices....More
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UPDATE 1-China fines 12 Japanese firms $201 million for price-fixing  

(Adds names of companies, details) BEIJING, Aug 20 (Reuters) - China's anti-monopoly regulator said on Wednesday it has ordered 12 Japanese auto part and bearings makers to pay fines totalling 1.24 billion yuan ($201.80 million) for manipulating prices. Sumitomo Electric Industries Ltd, Denso Corp and Mitsubishi Electric Corp are among the autoparts makers that were fined after the National Development Reform Commission (NDRC) found they had colluded to reduce competition and establish favorable pricing on their products....More
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China fines 12 Japanese auto part makers $195 mln  

BEIJING, Aug 20 (Reuters) - China has fined 12 Japanese auto part makers 1.2 billion yuan ($195.3 million) for manipulating their prices, the country's economic planner said on Wednesday. The National Development and Reform Commission announced the fine on its website. (1 US dollar = 6.1446 Chinese yuan) (Reporting by Koh Gui Qing; Editing by Paul Tait)...More
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Japan's Yazaki says fined 241 mln yuan by China anti-monopoly regulator  

TOKYO, Aug 20 (Reuters) - China's National Development and Reform Commission (NDRC) regulator has ordered Yazaki Corp, a Japanese automobile wiring harness maker, to pay 241.1 million yuan ($39.2 million) in fines over violation of the anti-monopoly law, the company said on Wednesday. Earlier this month, the regulator said the government had completed investigations into 12 Japanese auto parts makers and was preparing to hand out punishments according to the law....More
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