China's commerce ministry has not rejected heavy equipment maker Tengzhong's planned purchase of GM's Hummer unit but has asked for more information on the deal, an informed source has said.
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Chinese domestic passenger car sales may have been on a roll, with a 90% rise last month, but year to date exports aren't faring nearly as well.
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Official auto association data showed a huge rise in passenger car sales in China last month.
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Honda Motor president Takanobu Ito has said that the Democratic Party of Japan's greenhouse gas emission target is ''extremely tough'' for the country's auto industry.
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Honda Siel Cars India will start exporting engine parts to parent Honda Motor in Japan from next month.
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Geely Automobile Holdings has reported a hike in its first half net profits as its growing stakes in a number of car-making joint ventures began to bear fruit.
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Toyota on Tuesday said it would hire about 800 fixed-term (temporary) workers in October "in view of possible production increases".
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Ford has built the first production Transit Connect light commercial vehicle at its new (former Daewoo) plant in Craiova, Romania.
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The Detroit Three automakers have declined so dramatically in Canada that they now control just 20% of passenger car sales to consumers, compared with almost 60% in 1990, a new analysis of the market shows.
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SIAM data shows that India's car market rose an annual 26% in August.
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Lotus Engineering is to unveil its Range Extender engine at the upcoming Frankfurt Motor Show.
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The Reva Electric Car Company (REVA) will be unveiling two new M1 classified electric cars at the upcoming Frankfurt Motor Show including a production model four-seater.
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Thailand will take over from the US as Nissan Motor's main production hub for pick-up trucks, according to a report in The Nation which cited chief operating officer Toshiyuki Shiga.
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Mercedes-Benz India plans to aggressively grow its commercial vehicle business in the country over the next five years introducing several new products including long-haul trucks, city buses and triple-axle inter-city coaches.
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Daimler has completed its refinancing for 2009 and has started procuring cash for the coming year as well with a recent bond issue, the company's chief financial officer told German newspaper Boersen-Zeitung.
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Swedish sports coupe gets an update.
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Luxury sportscar maker Koenigsegg Automotive has presented the Swedish government with a new plan for financing its purchase of Saab Automobile from General Motors, backed by an unnamed Chinese investor.
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Volkswagen Financial Services has announced plans to securitise auto leases in a benchmark-sized public deal that would reopen Europe's asset-backed securities (ABS) market after a year-long freeze.
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The latest speculation swirling around General Motors' possible sale is that the board does not favour the Magna consortium because that would mean handing over intellectual property to Russia - consortium partners Sberbank and GAZ.
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