Mercedes-Benz sales in China are expected to grow over 60% year-on-year in China with demand for the flagship E-class and S-Class limousines expected to be a key driver of future sales.
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World number two truck maker Volvo said on Friday it would close its plant in Asheville, North Carolina, as it sought to scale back excess capacity in the face of the downturn.
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A US government-appointed "pay czar" on Friday extended limits on pay and perks at four bailed-out US companies - including an automaker - to a second tier of executives.
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Avtovaz, Russia's largest car maker, has secured a RUB7bn (US$228.6m) bridge loan from state-controlled Sberbank, a company spokesman told Reuters on Friday.
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Hey, ho, another week in which General Motors continued to dominate the news and just-auto readers clicked avidly on each breaking headline. Top of the pops: the first of the chairman and new CEO Ed Whitacre-instigated changes to the top level of management.
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Dura Automotive Systems Inc. today said it would become part of a large diversified metal-bending company following its acquisition by New York private-equity firm Patriarch Partners. The deal is expected to close by the end of the year.
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Dura Automotive Systems Inc. today said it would become part of a large diversified metal-bending company following its acquisition by New York private-equity firm Patriarch Partners. The deal is expected to close by the end of the year.
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One of Omnicom Group's last chunks of business with Chrysler is currently up for review. The carmaker has circulated request for proposals for long-term interactive-marketing duties as well as a social-media project to several agencies.
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The head of GM's Buick and GMC brands resigned after only nine days on the job in a continuing shake-up of the automaker's executive ranks under chairman and new chief executive Ed Whitacre.
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Toyota said it will unveil a concept of its new car for emerging markets at the New Delhi auto show on Jan. 5.
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Ford chief executive Alan Mulally has said in a CNBC TV interview on Thursday that he had talked this week with General Motors' chairman and chief executive Ed Whitacre.
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Dutch sports car maker Spyker Cars is still interested in buying Saab from General Motors and is not aware of any deadline imposed on the process, a spokesman has said.
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The Renault name remain in Formula 1 motor racing next year, according to BBC Sport. But the French company's F1 team will have a new owner while Renault keeps a 25% stake, said the broadcaster on Friday, quoting unnamed sources.
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Faurecia has signed of an agreement with Changchun municipality and auto supplier Xuyang Group, in which it holds a majority stake, and said the move would accelerate its development in China.
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New Opel/Vauxhall CEO Nick Reilly likely will present his new management team next week, later than originally planned.
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New Opel/Vauxhall CEO Nick Reilly likely will present his new management team next week, later than originally planned.
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New Opel/Vauxhall CEO Nick Reilly likely will present his new management team next week, later than originally planned.
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Skoda will cut production of its smaller cars starting in 2010, the Czech carmaker's union said. Skoda will cut Fabia production to two daily shifts from three and will also cancel most Friday shifts.
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r production in Poland was up 31.8% in November from the same month a year ago, the second consecutive month of rising output. In October, production was up 16.9%. Research agency Samar said that Fiat and GM factories in the country produced some 84,000 vehicles in November.
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After the usual long build-up - anouncement of additional model, announcement of final testing, announcement of start of pre-production - Toyota Australia has finally unveiled the production Camry Hybrid, billed as the country's most fuel-efficient locally built car, at an event at its Altona manufacturing plant in Melbourne, Victoria state.
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