Tata Motors Ltd. , the Indian automaker that bought Jaguar and Land Rover last year, had its credit rating lowered by Standard and Poor's because of cash and debt concerns.
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Autoliv, the world's biggest maker of air bags and seat belts, said today that it would raise $364 million in a stock offering, with the money helping to boost its balance sheet.
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First drive of new Golf GTI, Jaguar's new XF estate, World's cheapest car driven, Micro MINI on the way
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Carmaker Tofas, a joint venture of Turkish conglomerate Koc Holding and Fiat, sees its 2009 revenue falling below last year's, but the company hopes to maintain the same profit level.
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Honda Motor and GS Yuasa will form a joint venture on 1 April to develop and lithium-ion batteries for hybrid vehicles.
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Honda Motor and GS Yuasa will form a joint venture on 1 April to develop and lithium-ion batteries for hybrid vehicles.
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Japanese new vehicle sales are expected to fall to the lowest level in more than three decades over the coming year as the global economic downturn crushes demand for cars, the Japan Automobile Manufacturers Association said.
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Ford has increased its UK prices by an average of 3.75% citing the continued weakness of the pound against the euro, which this week edged even closer to parity (GBP1 = EUR1.085 Wednesday morning). The rise applies to all new orders after 31 March.
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Nissan and San Diego Gas & Electric (SDG&E), the utility company operating in the San Diego, California, region, are forming a partnership to develop an electric vehicle (EV) charging network.
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British luxury car retailer HR Owen, which sells Bentleys, Ferraris and Maseratis, said its 2008 pretax profit halved as the economic slowdown bit.
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British luxury car retailer HR Owen, which sells Bentleys, Ferraris and Maseratis, said its 2008 pretax profit halved as the economic slowdown bit.
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British luxury car retailer HR Owen, which sells Bentleys, Ferraris and Maseratis, said its 2008 pretax profit halved as the economic slowdown bit.
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Our spies have caught new JCW Clubman completely undisguised.
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This year's biennial Tokyo Motor Show will have only about half the number of exhibitors as in 2007 because many US and European auto firms have withdrawn amid a deepening industry slump, the Japan Automobile Manufacturers Association said, noting that 122 companies from nine economies are registered for 2009, compared with 241 companies from 12 economies two years ago.
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Development chief hints at sizzling new hot hatch using TT-RS powerplant.
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Government-backed scrapping bonuses will slow the forecast decline in western Europe's new-car sales this year, analysts say. Goldman Sachs and J.D.
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Government-backed scrapping bonuses will slow the forecast decline in western Europe's new-car sales this year, analysts say. Goldman Sachs and J.D.
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Ford Motor Co. will continue to require that its top two executives use private aircraft for business and personal travel. The company will pay for charter flights for Executive Chairman Bill Ford and CEO Alan Mulally.
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Government-backed scrapping bonuses will slow the forecast decline in western Europe's new-car sales this year, analysts say. Goldman Sachs and J.D.
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General Motors began notifying U.S. salaried workers on Tuesday that they will lose their jobs as it carries out previously announced plans to reduce its global white-collar work force by 10,000. The automaker intends to cut 160 U.S.
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