SAIC Motors, China's largest automaker and partner in Volkswagen and GM joint ventures, may sell more than 2m vehicles this year, up sharply from its previous target if the country's economy remains on track, its chairman said on Tuesday.
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Valeo on Tuesday said there were signs that destocking by carmakers was coming to an end but confirmed a gloomy outlook for 2009 amid an unprecdented industry crisis."
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Valeo on Tuesday said there were signs that destocking by carmakers was coming to an end but confirmed a gloomy outlook for 2009 amid a an unprecdented industry crisis."
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Sales of new cars and light commercial vehicles in Russia plunged 58% year on year in May.
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After driving prototype electric vehicles from GM, Ford, Nissan, and Mini, plus the production version of the Tesla Roadster, John Voelcker brings us his impressions from Silicon Valley, Detroit and New York. The electric future may be less foreign than you imagine.
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Vehicle sales in China rose 34% year on year in May, with passenger car purchases growing strongly due to government stimulus measures, an industry association said Tuesday.
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Fiat S.p.A. will not walk away from its plan to buy bankrupt Chrysler LLC, CEO Sergio Marchionne told Bloomberg after a U.S. court delay threw the deal into doubt.
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Toyota expects to start compact car production at its new plant in India by the end of next year, with initial capacity of 70,000 vehicles a year, a top official said on Tuesday.
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Rolls-Royce has received around 1,500 serious expressions of interest in its new Ghost model -- a figure that would more than double the group's annual sales.
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Renault was still expecting a 25% fall in 2009 sales, chief operating officer Patrick Pelata has said.
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Record sales in China could not help prevent a further monthly decline in vehicles sales at Audi in May.
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A sales fall of 18.3% to 109,042 units in May was less severe than in most of the previous months, BMW said. Year to date sales of 487,906 were off 21.1% year on year.
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Fiat S.p.A. had no chance of winning the bidding race for Opel, a German state premier said on Tuesday. "Fiat's entry would have raised more questions than it answered.
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Three groups have entered bids for General Motors' insolvent Saab brand and one will be chosen by the end of this week, the Financial Times reported.
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Fiat chief Sergio Marchionne has said the Italian company "will never" walk away from its deal with Chrysler despite yesterday's US Supreme Court decision to temporarily block the sale of the American carmaker's assets.
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Continental's supervisory board has said it would decide by the end of next month on how best to operate under its biggest shareholder, Schaeffler Group, including whether to combine the two businesses.
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As GM headed for Chapter 11, fears over the adverse consequences for suppliers grew. While there can be little doubt that more supplier pain lies ahead, GM has taken important steps to assist its suppliers, as SupplierBusiness reports.
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Bankruptcy experts have said the surprise order last night by Supreme Court justice Ruth Bader Ginsburg putting a temporary hold on Chrysler's sale to Fiat might simply be the judge taking time to ensure the right ruling is made.
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Fiat CEO Sergio Marchionne's comments that he wouldn't abandon an alliance with Chrysler undermine arguments that postponing the bankruptcy sale could lead to Chrysler's liquidation, three Indiana pension funds told the Supreme Court.
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Fiat S.p.A. will not walk away from its plan to buy bankrupt Chrysler LLC, CEO Sergio Marchionne told Bloomberg after a U.S. court delay threw the deal into doubt.
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