Toyota Motor Corp. and Nissan Motor Co. promised shareholders they would do better to recover from the worst industry downturn in a generation, each focusing on different types of cleaner cars to steer their revival.
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Ford Motor Co. executives are hoping for billions of additional dollars in government technology loans if congressional efforts to double the amount of money are successful.
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Nissan Motor Co. CEO Carlos Ghosn, with a $1.6 billion U.S. loan commitment in hand, wants capacity to build more than 100,000 electric vehicles a year in Tennessee as early as 2011.
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A big chunk of the $1.6 billion loan that Nissan North America received from the federal government today will pay for a lithium ion battery plant that is at least 1 million square feet.
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President Barack Obama urged the House to pass a greenhouse gas emissions bill that would require the federal government to help automakers retool to make plug-in electric vehicles.
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An electric Ford Focus, Teslas Model S sedan and a five-seat electric Nissan are among the cars that $8 billion in loans from the U.S.
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In today's News Brake: Ford, Nissan and Telsa get government help to get greener; Mini is growing; and Buick's new LaCrosse comes with four-cylinder power ... But Wait, There's More!
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No other company submitted a competing offer to the U.S. Treasury Department's bid to buy the healthy assets of General Motors from Chapter 11 protection, GM spokeswoman Julie Gibson confirmed today.
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No other company submitted a competing offer to the U.S. Treasury Department's bid to buy the healthy assets of General Motors from Chapter 11 protection, GM spokeswoman Julie Gibson confirmed today.
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The UAW is in ongoing talks with Ford Motor Co. aimed at ensuring the No. 2 U.S. automaker remains competitive with its domestic rivals that have been reorganized with federal funding, a union official said today.
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General Motors' Australian unit Holden has welcomed the federal government's decision to introduce a new Australian Design Rule making electronic stability control (ESC) mandatory on all new passenger cars and SUVs.
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Sirius XM Radio and Volkswagen will include introductory three-month trial satellite radio packages to buyers of 'certified' used vehicles in the US as the heavily-indebted radio company looks for new sources of growth.
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ZF Friedrichshafen (ZF) and ISE Corporation (ISE ), a designer and manufacture of hybrid propulsion systems and components for heavy duty vehicles, have announced plans to collaborate on the development and supply of a complete line of parallel-electric hybrid drive systems and components for the North American vehicle markets.
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Kamaz has suspended operations of its main production line until July 6, the company has said.
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The UK's Society of Motor Manufacturers and Traders (SMMT) has welcomed the announcement that GBP25m in government funding has been allocated to the winners of the Technology Strategy Board's (TSB) ultra low carbon vehicle demonstrator competition.
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Nissan Motor plans to produce 100,000 electric cars a year in the US, a news report said today, as it looks to launch EVs in its largest export market next year.
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In an initiative aimed at helping energy conservation, India's power secretary has said the government wants to make energy efficiency labelling mandatory for cars by August.
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Isuzu Motors is in discussion to increase the supply of Isuzu truck parts to GM operations in South America, a report said today.
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US vehicle sales are now stable at low levels but could improve slightly in the fourth quarter, Hyundai Motor's top US executive has said.
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The Federation of Thai Industries (FTI) has said it has revised down its 2009 vehicle production target to 940,000 units, a 32.6% drop from 2008.
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