Japanese automaker Mitsubishi Fuso will start selling small trucks in Russia by the end of the year, ITAR-TASS reported on Monday, citing Japanese media.
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The 'new Opel' to be formed if Magna and Russian partners take over the GM Europe unit plans to invest EUR170m (US$247.5m) in operations in Russia, not the over EUR600m claimed earlier by an Opel trustee.
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With a 3% month-on-month rise in used car values in August and a staggering 31% year-on-year increase, according to vehicle auction company British Car Auctions (BCA), average prices in this sector of the economy are showing unprecedented growth.
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Acquiring the largest part of Delphi's European airbag activities last month has enabled gas inflation systems maker iSi Automotive to now supply a full range of side, cranium and knee impact airbags.
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Wraps are off £900,000 Bugatti 16 C Galibier - stunning saloon on sale by 2013.
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Supervisory board chief Manfred Bischoff wants to extend the contract of Daimler CEO and Mercedes-Benz chief Dieter Zetsche when the board holds its first meeting in 2010.
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Some 'creep' is starting to appear in the reported number of jobs likely to be lost in Germany should the Magna Sberbank bid for Opel and Vauxhall proceed to completion after getting the green light from General Motors' board last week.
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Ford has resumed production in Russia after suspending work on its Vsevolozhsk assembly line for two weeks due to falling consumer demand.
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Toyota Korea began taking pre-launch orders for Toyota brand vehicles from today.
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Renault isn't out of the global economic crisis but the auto industry should see a gradual rebound from next year, chief operating officer, Patrick Pelata told La Tribune on Monday.
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GKN Driveline certainly can't be accused of short-termism on the basis of its announcement that it has extended its joint venture with Shanghai Automotive Industry Corporation (SAIC) for another 50 years.
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The Volkswagen Group says it is planning to invest a total of four billion euros in new products and the expansion of production capacities in China. The investments are to be financed from the cash flow of the Chinese joint venture companies.
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The European Commission should "take a hand" in negotiations the Magna International consortium's negotiations to buy Vauxhall and Adam Opel, to ensure state aid rules are not breached, UK business secretary Peter Mandelson has said.
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British prime minister Gordon Brown will head a government delegation set to meet General Motors management to discuss making the Opel/Vauxhall Ampera at the automaker's Ellesmere Port plant in Cheshire.
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The German government expects the European Commission to approve its state aid for Adam Opel, an economics ministry spokeswoman said on Monday.
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As American consumers shift their buying behaviour towards more fuel efficient vehicles, turbocharging - already in use by roughly half of new vehicles in Europe - has emerged as the engine technology US consumers 'didn't know they wanted', according to a survey commissioned by a turbocharger manufacturer.
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