Foreign automakers face increasing competitive challenges in the Chinese market, but its rapid growth makes the effort worthwhile, a veteran manufacturing expert said.
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A tie-up between Chrysler and Fiat, as announced earlier this week, could "bring a whole new batch of fun to drive, fuel-efficient and environmentally friendly cars to [US] shores," according to an Edmunds.com editor.
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Russian truck maker Kamaz produced 51,005 trucks and 53,791 vehicle sets in 2008, about the same as in the year, the company said.
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Hyundai Motor managed to boost sales in emerging markets last year despite the global slowdown.
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General Motors is spending $30m on a US plant to make next generation batteries for its all-electric Chevrolet Volt.
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Chrysler LLC and Fiat S.p.A. have little in the way of engine and transmission technology that can be transplanted into each others vehicles, analysts say--at least not right away.
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US suppliers need between US$5bn and 10bn in government aid to survive a "cash crisis" in the next few months, a top executive has said.
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Though Toyota's group global sales for calendar year 2008 were down 4% year on year to 8,97m units, its first such dip in a decade, it comfortably beat General Motors which on Wednesday said it sold 8.35m last year.
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A General Motors' Russian joint venture plans to reduce production and lay off workers this year.
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Mitsubishi's European new-car sales fell 18 percent in 2008 compared with a year earlier.
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Looking to wring as much fuel economy as possible out of its upcoming new small cars--were talking the Fiesta and the Focus here--Ford will equip them with a new six-speed, dry-plate, dual-clutch transmission, called PowerShift.
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Mazda's Philip Waring is the new chief operating officer of the carmaker's European operations. Waring, 51, a UK citizen, has overseen the Japanese carmaker's growth in Europe since he took charge of Mazda's European sales organization in July 2005.
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Kesoram Industries has temporarily shut production at its Birla Tyres unit at Balasore, Orissa, from 19 to 31 January.
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As the auto industry weathers the current economic storm, it must prepare to take full advantage of the opportunities on the other side of the recession, Toyota sales executive Don Esmond told the Automotive News World Congress today.
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New vehicle sales in Malaysia are seen falling 12.4% this year, according to a local auto industry group.
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As the auto industry weathers the current economic storm, it must prepare to take full advantage of the opportunities on the other side of the recession, Toyota sales executive Don Esmond told the Automotive News World Congress today.
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General Motors will go to market with four core brands in the future: Chevrolet, Cadillac, Buick and GMC. Pontiac will be shrunk "significantly," a senior GM executive told the Automotive News World Congress.
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After 77 years, General Motors reign as the worlds largest automaker is over.
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General Motors Corp chief operating officer has said the automaker expected to receive a delayed US government loan payment in the next several days that it needs to avoid running out of cash.
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