Volkswagen Aktiengesellschaft will take a 49.9 percent stake in Porsche AG in a first step towards an integrated automotive group with Porsche. This was agreed between Volkswagen and Porsche SE during negotiations on the contracts of implementation relating to the merger of the two companies.
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It took all of four hours and four minutes for a special Neiman Marcus edition of the redesigned 2010 Jaguar XJ to sell out through the retail giant's Christmas book on Friday.
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In News Brake: The Volkswagen Passat could be done in 2011, we bring you the latest from Formula One, and an early look at the Kia Cadenza sedan . . . But Wait, There's More!
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Audi has claimed a first in the premium segment by combining twin clutch automatic transmission with start stop. First models are the 1.4 TFSI and 1.6 TDI.
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With US$11 trillion in wealth lost during 2008 and corresponding reductions in net worth and assets among affluent consumers, luxury marketers are confronting the biggest challenges they've faced in decades, said Mercedes-Benz USA (MBUSA) vice president of marketing Stephen Cannon, during an address to the International Advertising Association (IAA).
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A Chinese national accused of stealing trade secrets from Ford was employed by Beijing Automotive Industry Holding (BAIC), China's fifth-biggest automaker, but was in the United States on personal leave when he was arrested, BAIC reportedly said on Monday.
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General Motors's retail market share for October is forecast to rise to 22.4% from the third-quarter retail average of 19.1%, according to Edmunds.com.
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Auto parts maker Eaton Corp posted higher-than-expected quarterly profit on Monday, citing cost cuts, early signs of recovery in its markets, and a boost from the weak US dollar, but sales reportedly fell short of expectations.
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Lotus Cars is to unveil as special limited edition Exige - the Exige Scura - so called due to its matt black and carbon fibre theme - at the Tokyo International Motorshow on 21st of October 2009.
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First official picture of the Korean firm's new luxury saloon, the Cadenza, revealed ahead of its Middle-east debut
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SENIOR EDITOR FOR NEWS BOB GRITZINGER: Whoa--I had to check the badges on this car to make sure it wasn't a STI, because this 265-hp turbo engine feels that strong.
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Toyota Motor on Monday launched in Japan a new, sportier Mark X luxury sedan that comes with an affordable starting price and better fuel efficiency.
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PSA Peugeot Citroen expects output at its Slovak assembly plant to be slightly above 200,000 units this year, with similar volume in 2010, the outgoing chief executive of its Slovak operations, Jean Mouro, said on Monday.
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Nissan is to assemble Bluebird Sylphy cars at the AvtoVAZ' plant in the Russian city of Tolyatti, Russian and Japanese news agencies have reported.
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A co-court receivership manager of Ssangyong Motor has said it is contacting several "advanced companies" in foreign countries for the sale of the Korean SUV specialist.
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The organisers of the Geneva Motor Show say that all of the major manufacturers have confirmed their participation at the 2010 show.
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General Motors has a 'plan B' ready should the EU block its planned sale of European unit Opel/Vauxhall, press reports said on Monday.
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Having placed its Cadillac advertising business in review, General Motors is looking for new advertising agencies to work on its iconic Chevrolet brand.
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