To counter the sales slump, Porsche is planning to build at least one new, affordable entry-level car. The sports car maker, which is Volkswagen's dominant shareholder, wants to incorporate the Audi TTS's 2.0 V-6 TFSI engine in its Boxster.
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Hummer was the only automaker to report a month-on-month sales increase in Russia in May, according to figures from the Association of European Businesses in the Russian Federation. The General Motors SUV unit's sales rose 111.
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With the separation of Daimler and Chrysler finally taking place, the Mercedes-Benz financial arm will stop functioning as the financial partner for German Chrysler dealers at the end of September.
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Daimler could lose its U.S. patent for the BlueTec exhaust gas treatment process, just as it has in Europe. Catalytic converter manufacturer Umicore has not yet decided whether to challenge Daimler's patent in the U.S.
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Elvis Presley croons "All Shook Up" from the CD player as Florentino Marin wipes down his 1955 Buick Century sedan on a central Havana street.
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With scrapping incentives boosting demand for small cars more than expected, Renault announced late last week that it will continue manufacturing the Clio Campus at its Flins factory near Paris through December.
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With scrapping incentives boosting demand for small cars more than expected, Renault announced late last week that it will continue manufacturing the Clio Campus at its Flins factory near Paris through December.
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Daimler AG is in advanced talks to buy a stake in sports car maker Porsche Automobil Holding SE, German publication manager magazin reported on Friday on its Web site, citing financial sources.
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A small group of General Motors bondholders formally objected on Friday to the automaker's plans for a speedy sale of its assets in bankruptcy court.
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The Qatar Investment Authority could acquire more shares in ailing German sports car maker Porsche Automobil Holding SE than previously thought, German magazine Focus said.
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Volkswagen AG, among the automakers that have suffered the least in the United States this year, will temporarily shut parts of its Mexican plant starting next week until early August, a union spokesman said on Saturday.
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Nissan Motor Co. plans to launch production of electric vehicles and their batteries in the United States to tap low-interest loans for green vehicles, the Nikkei business daily said.
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German automotive lighting manufacturer Hella KGaA Hueck and Co. said on Friday it has signed an increased 550 million euro ($765.7 million) forward start loan, extending an existing loan by two years.
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German Foreign Minister and Vice Chancellor Frank-Walter Steinmeier said in a newspaper interview to be published on Saturday that the government would not step in to assist carmaker Porsche Automobil Holding SE with taxpayer money.
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A fuel-efficient, direct injected Ecotec 2.4L four-cylinder engine will be the third engine offered in the 2010 Buick Allure luxury sedan. Backed by a fuel-saving six-speed automatic transmission, the new powertrain combination is expected to deliver fuel economy of 7.8 L/100 km highway and 11.8 L/100 km city (U.S. estimated figures)-making Allure one of the most fuel-efficient cars in its segment.
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On Thursday of this week, FOTA, the Formula One Teams Association, plans to speed up preparations for next year's breakaway world championship.
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Stefano Domenicali has blamed development money wasted on KERS as the reason for its competitive struggle in 2009.
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Arese, Italy - Alfa Romeo will be celebrating its centennial in 2010 and rejoining the North American market at the same time. In preparation for these two events, we thought it would be interesting to visit the Alfa Romeo Museum located in Arese, in the suburbs of Milano, in order to get re-acquainted with this prestigious brand.
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Once again, after having dominated most of the Iowa race, Ryan Briscoe was denied victory in the closing stages of the race; this time around by Dario Franchitti who earned his second victory of 2009.
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Continuing its tradition of introducing
distinctive and unique limited editions, smart Canada today announced the arrival of the smart fortwo edition limited three. Finished in exclusive melon green metallic paint with 12 spoke, 15" alloy wheels, production of this stylish new smart fortwo will be restricted to just 180 units to ensure individuality and exclusivity.
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