The global market for automotive lithium batteries to power the swelling ranks of electric vehicles is forecast to hit a heady US$70bn a year by 2020, according to a key supplier of the technology.
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Former Volkswagen union boss Klaus Volkert has been jailed for nearly three years for his part in a sex and corruption scandal that rocked VW and corporate Germany.
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An M&A specialist has told an industry conference at the IAA that automotive sector M&A activity has plunged and that his analysis of the restructuring cycle and comparison with past recessions suggests that the automotive industry still faces very tough times ahead.
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AvtoVAZ, 25% controlled by Renault, could produce parts for Opel and build a budget car for the brand as part of the Magna-led consortium running Opel, Sberbank chief executive German Gref said.
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Continental has engaged Credit Suisse as an independent consultant as the supplier eyes its finance options.
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GAZ Group, the struggling Russian automotive company, has plans to lay off a maximum of 5,800 workers, a local news report has said, citing company representatives.
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While Tesla Motors is currently focussed on selling its electric drive Roadster and developing the Model S luxury sedan, it is also looking ahead to successor higher volume models and helping the electric vehicle segment develop further via the licensing of its technology.
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Hyundai Motor has launched its redesigned mid-sized sedan Sonata, following four years of development and a KRW450bn won (US$373m) investment, and will build it in three key markets.
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Developing niche performance versions of mainstream models might sound like a taboo subject in the current economic and environmental climate.
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The Italian government will have a draft of its plans to extend its car buying incentives package by the end of this month, according to Il Giornale.
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More aggressive looking Z4 M-Sport has the looks but not the power to match.
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BMW's future performance saloon spotted testing at the 'ring.
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The Malaysian government is expected to introduce further competition in the country's automotive sector when it announces its new national automotive policy (NAP) next month.
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Vehicle sales in Malaysia grew by 2.8% year-on-year in August to 48,538 units, compared with 47,227 units a year earlier, according to data released by the Malaysian Automotive Association (MAA).
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Former Formula 1 driver Juan Pablo Montoya captured Friday, moments before rain started to fall, pole position for the Sylvania 300 at New Hampshire Motor Speedway.
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Earlier this year former Formula 1 driver Juan Pablo Montoya raced for points to lock into the Chase, now he's thinking about wins.
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FRANKFURT, - Valeo's Tri-Xenon lighting technology is being launched as a world first on the new Audi Q7. In addition to traditional high and low beams, the module has a "highway" function activated at 115 km/h which doubles the range of conventional Xenon low beams (from 80 m to 140 m), without dazzling other drivers.
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Mont-Tremblant, Quebec - Introducing a new, refined luxury sedan that will quickly see the Buick Allure it's replacing fade into distant memory. Dubbed LaCrosse, it's the first "global" Buick.
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Ageless Mark Martin will be the primary driver of #5 Hendrick Motor Sports Chevrolet through 2011.
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The road-safety visions of society, politics, business and science haven now been clearly defined as "Vision Zero (Accident-Free Mobility)" and "Safety for All". The "Ko-FAS" (Cooperative Vehicle Safety) research initiative has set itself the goal of implementing these visions. It wants to make a contribution towards making accident-free mobility a reality.
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