Japan is on track to scrap automobile-related provisional tax rates in fiscal 2010, internal affairs minister Kazuhiro Haraguchi said on Monday.
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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.
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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.
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Egypt's government is reportedly planning to build a tyre factory that would be the biggest in the Middle East.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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General Motors has begun loan repayments to the US, Canadian and Ontario governments.
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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.
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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.
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Shares in Dutch luxury carmaker Spyker soared on Monday after the company made a new bid for Saab.
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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.
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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.
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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.
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