Panasonic has acquired a 50.19% stake in rival Sanyo Electric for JPY403.78bn, completing a tender offer that would create one of the world's largest consumer electronics conglomerates with a strong grip on solar and battery markets.
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American Axle & Manufacturing Holdings (AAM) has priced the 14,000,000 shares of common stock it is selling through a public offering at US$7.20 each for total gross proceeds of approximately US$100.8m.
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The US market could face an over-supply of smaller, fuel efficient cars next year at a time when petrol prices remain stable, an industry forecasting firm said this week.
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Poland's car production jumped 31.8% in November after 16.9% growth in the previous month. Plants belonging to carmakers such as Fiat S.p.A and General Motors Co. produced some 84,000 vehicles last month, data showed..
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Volkswagen is bracing for tough car markets in 2010 despite a 19.1% rise in group vehicle deliveries in November. All VW's main brands including Audi, Skoda and Seat reported sales increases last month.
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Volkswagen is bracing for tough car markets in 2010 despite a 19.1% rise in group vehicle deliveries in November. All VW's main brands including Audi, Skoda and Seat reported sales increases last month.
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One thing that surely anybody alive and breathing just about has to love is mashing the accelerator pedal in an electric car--more so if it's an electric car designed primarily to thrill you.
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One thing that surely anybody alive and breathing just about has to love is mashing the accelerator pedal in an electric car--more so if it's an electric car designed primarily to thrill you.
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EXECUTIVE EDITOR ROGER HART: I must say, this is one of the ugliest things on the road, but like an ugly mutt, I kind of like it.
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VW and Suzuki plan to develop a new small car that would cost between $4,300 and $5,400 for the Indian market, the Economic Times said. The car would replace the Alto and could be sold in Europe
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VW and Suzuki plan to develop a new small car that would cost between $4,300 and $5,400 for the Indian market, the Economic Times said. The car would replace the Alto and could be sold in Europe
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Autoliv raised Q4 guidance on the back of rallying markets in China and other emerging markets. But spokesman Mats Odman cautioned that car production would fall after the fourth quarter.
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Faurecia is taking a stake in Chinese auto parts supplier Xuyang Group and setting up two new joint ventures in a bid to boost its presence in the booming China market.
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Paris city hall and local authorities in surrounding districts have called for bids to run a self-service electric car hire scheme like the Velib cycle rental system.
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GM is close to deciding which of Saab's bidders will proceed to final negotiations, Swedish news agency TT reported, citing a source. The report said the buyer which GM is leaning toward has experience in car production on a small scale.
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GM is close to deciding which of Saab's bidders will proceed to final negotiations, Swedish news agency TT reported, citing a source. The report said the buyer which GM is leaning toward has experience in car production on a small scale.
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GM is close to deciding which of Saab's bidders will proceed to final negotiations, Swedish news agency TT reported, citing a source. The report said the buyer which GM is leaning toward has experience in car production on a small scale.
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Faurecia is taking a stake in Chinese auto parts supplier Xuyang Group and setting up two new joint ventures in a bid to boost its presence in the booming China market.
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Ford Motor Co. CEO Alan Mulally said Thursday he had talked this week with General Motors Co. Chairman and interim CEO Ed Whitacre. Mulally, who Ford hired away from Boeing Co.
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When I first saw the all new Second generation Tucson beside the previous model, I had a hard time believing that they were the same. As John Vernile, vice President of Sales and Marketing for Canada said, "The original was getting a bit dated; it is time to replace it". He went on to tell us that he believes that "the existing competition is similar (in design) that they are vanilla".
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