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Dec
21st

JAPAN: Government scrapping provisional auto taxes

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Japan is on track to scrap automobile-related provisional tax rates in fiscal 2010, internal affairs minister Kazuhiro Haraguchi said on Monday. Full story...
Dec
21st

INDIA: M&M expands China tractor JV

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Utility vehicle and tractor maker Mahindra & Mahindra on Monday said its tractor-making venture with China's Yueda Group was investing $18m to set up a research and development centre and engine factory. Full story...
Dec
21st

TURKEY: Tofas shares up on export outlook

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Shares in automaker Tofas, owned by Fiat and Koc Holding, rose as much as 5% in Monday trading after its chief executive was cited as saying it had received a record export orders for next year. Full story...
Dec
21st

EGYPT: Government plans big tyre facility

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Egypt's government is reportedly planning to build a tyre factory that would be the biggest in the Middle East. Full story...
Dec
21st

MALAYSIA: Vehicle sales up by 10.6% in November

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Malaysia's new vehicle sales rose by 10.6% year-on-year to 45,200 units in November, compared with 40,865 units a year earlier, according to data released by the Malaysian Automotive Association. Full story...
Dec
21st

Ford says Fiesta can fetch premium prices:

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Ford Motor Co. will charge more than $23,000 for a fully loaded Fiesta, a new car smaller than the Focus. Full story...
Dec
21st

Ford bets customers will pay premium prices for the Fiesta :

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Ford Motor Co. will charge more than $23,000 for a fully loaded Fiesta, a new car smaller than the Focus. Full story...
Dec
21st

Volume sales of plug-in Toyota Prius to begin in two years:

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Toyota will start leasing 150 of its Prius plug-in hybrids in the United States this winter and plans retail sales of tens of thousands in two years. Full story...
Dec
21st

CHINA: Hyundai in heavy truck venture in China

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Hyundai Motor has signed an agreement with China's Baotou Bei Ben Heavy-Duty Truck Company Ltd to establish a new medium and heavy truck joint venture in China in 2010. The new company, in which the two partners will each have a 50% stake, will take over Baotou Bein Ben's existing truck operations, which have a combined production capacity of 40,000 units per year. Full story...
Dec
21st

Audi E-tron, an AW Flash Drive:

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What is it? Full story...
Dec
21st

PSA names new design bosses for Peugeot, Citroen brands

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PSA is driving forward its bid to further differentiate its Peugeot and Citroen brands by appointing new design bosses for the marques. Gilles Vidal is Peugeot's new design director while Thierry Metroz will head Citroen design. Full story...
Dec
21st

GERMANY: Prices dip after VW share flip

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Ordinary shares in Volkswagen dipped 3.12% to EUR73.87 in morning trading on Monday after VW said they would be replaced by preferred shares in the DAX index of German blue-chip stocks. Full story...
Dec
21st

TAIWAN: Yulon plans mainland JV with Dongfeng

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Yulon Motor, one of Taiwan's leading automakers, is planning a joint venture in China with the mainland's Dongfeng Motor, a Yulon official said on Monday. Full story...
Dec
21st

US: GM begins repaying government loans

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General Motors has begun loan repayments to the US, Canadian and Ontario governments. Full story...
Dec
21st

INDIA: Honda readies small car concept for New Delhi show

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Honda Motor on Monday said it would show its New Small Concept, a vehicle which it is currently developing for India and other emerging markets, at the New Delhi Auto Expo 2010 scheduled for 5-11 January. Full story...
Dec
21st

FRANCE: PSA appoints new design chiefs

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PSA has confirmed the appointments of design director for its two car brands. Gilles Vidal and Thierry Metroz, will head up the design teams at Peugeot and Citroën respectively, reporting to PSA's top design director Jean-Pierre Ploué. Full story...
Dec
21st

Spyker shares soar on new offer for Saab

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Shares in Dutch luxury carmaker Spyker soared on Monday after the company made a new bid for Saab. Full story...
Dec
21st

BRAZIL: Views vary on 2010

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The Brazilian market's capacity to rebound remains impressive but some automakers and their key trade group are somewhat at odds on the outlook for 2010. Full story...
Dec
21st

GERMANY: More VW deals off for now

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Volkswagen is unlikely to make further strategic deals in the near future, CEO Martin Winterkorn said, suggesting an end to the company's recent spree which included the taking of a stake in Suzuki Motor. Full story...
Dec
21st

ITALY: Fiat to complete Zastava investment

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Fiat has completed its purchase of a majority stake in Serbian carmaker Zastava Automobili following an agreement reached over a year ago. Full story...
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