Guangzhou Automobile has reached an initial agreement with Hunan Changfeng Motor to take a major stake, possibly up to 30%, in the sport utility vehicle maker, a source with knowledge of the matter has said.
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Production has resumed at utility vehicle maker Mahindra & Mahindra's Nashik plant in western India after a strike ended on Monday.
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Mercedes-Benz Rus, the Russian subsidiary of German automaker Mercedes-Benz, plans to cut prices for passenger cars and sport utility vehicles (SUVs) in Russia starting 1 June, the company said in a statement.
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The arbitration court for Russia's Nizhny Novgorod region will consider on 6 July three lawsuits against GAZ Group from its suppliers over the group's debts worth a total of 504.9m rubles, a court spokesman told Prime-Tass.
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Plug-in hybrids might not be as popular as president Obama's administration predicts, Bill Reinert, Toyota's manager for advanced technology told a National Academy of Sciences panel in Washington.
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The German government has agreed with a group of state-owned banks to provide bridging loans for General Motors' Opel/Vauxhall unit to help the carmaker maintain liquidity through the third quarter of this year, giving it more time to complete negotiations with potential new owners.
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The stand off between Volkswagen and Porsche seems to have ended with the chairmen of both carmakers saying their goal was to press ahead with the planned merger of the two, after all.
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Flanked by auto industry and auto union officials, president Obama yesterday announced a new national policy aimed at both increasing fuel economy and reducing greenhouse gas pollution for all new cars and trucks sold in the United States.
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Fiat S.p.A confirmed it has submitted an offer for General Motors' Opel/Vauxhall brands as the German government extended a deadline for potential investors to bid. German press reports said Canadian auto-parts supplier Magna International Inc.
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General Motors has received three bids for its Opel division, Bloomberg said today, citing a GM spokesman. GM would not name the bidders but reports suggested they are Fiat S.p.A.
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Fiat S.p.A confirmed it has submitted an offer for General Motors' Opel/Vauxhall brands as the German government extended a deadline for potential investors to submit bids.
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Ultimate Aston driven, wild new Scirocco R, brake test special, all-new Lotus Evora verdict
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Germany supplier Schaeffler Group is mulling a plan to sell big parts of its business to Continental in a reversal Schaeffler's daring swoop to buy its far bigger rival.
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Denso Corp. and Robert Bosch GmbH, the world's two biggest auto parts suppliers, will scrap their joint venture to develop and produce diesel particulate filters by the end of this year.
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Scorching R version is ready for debut, with 261bhp turbo engine on tap for storming pace
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Estate and saloon versions of Passat follow Tiguan's lead with beefed-up R-line trim level
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Some auto dealerships that Chrysler LLC plans to close are beginning a challenge to the automaker's plans to quickly sell itself in bankruptcy.
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The squabbling cousins who run Porsche and Volkswagen appeared to have made peace on Tuesday, agreeing to work together once more toward a combination of the two German carmakers.
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German partsmaker Continental's tire plant in Hanover, Germany, will remain open at least another year. On Tuesday, the company and worker representatives announced that the plant will keep operating until the end of 2010.
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Former Chrysler LLC President Tom LaSorda has joined Penske Automotive Group to advise the retailer on a possible bid for General Motors' Saturn brand.
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