Volkswagen will buy a one-fifth stake in Suzuki for $2.5 billion, giving it access to the Japanese firm's expertise in small cars and dominance in India as it seeks to become the world's top automaker.
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VW will buy a one-fifth stake in Suzuki for $2.5 billion, giving it access to the Japanese firm's expertise in small cars and dominance in India. Suzuki plans to invest up to half of the stake sale proceeds in VW shares.
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VW will buy a 19.9% stake in Suzuki, giving it access to the firm's expertise in small cars and dominance in India. Suzuki will invest in VW shares.
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Car sales in Russia fell 46 percent year-on-year in November to 105,302 units, a slightly better showing than the 52 percent slide reported for October, data from the Association of European Businesses showed on Tuesday.
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French auto parts supplier Plastic Omnium Co. raised its fourth-quarter sales forecast on Tuesday after benefiting from higher car sales due to consumers buying before car-scrapping schemes are phased out.
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Shares of Suzuki Motor Corp. rose nearly 4 percent a day after sources told Reuters that Volkswagen AG is planning to take a stake of up to 20 percent in the Japanese automaker.
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France, Germany and other European nations have created overcapacity by subsidizing the auto industry, a problem that should be fixed by streamlining the sector as the United States has done, Fiat S.p.A.
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Car sales in Russia fell 46% year-on-year in November to 105,302 units, a slightly better showing than the 52% slide reported for October. A slump in demand for cars has cut Russian sales by 50% in January-November 2009.
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A new lineup of small cars slated for U.S. showrooms next year may create an oversupply of compact vehicles in the U.S. market at a time when gas prices remain stable, an industry forecasting firm said on Tuesday.
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Chrysler Group is willing to let market share slide in the short term to further its longer restructuring goals, CEO Sergio Marchionne said in a presentation of his business plan to members of Congress on Tuesday.
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Ford Motor Co. is considering an investment of $300 million to $500 million in Michigan assembly plants as it continues development of hybrid and electric vehicles and batteries.
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France, Germany and other European nations have created overcapacity by subsidizing the auto industry, a problem that should be fixed by streamlining the sector as the United States has done, Fiat S.p.A.
Full story...
A new lineup of small cars slated for U.S. showrooms next year may create an oversupply of compact vehicles at a time when gasoline prices remain stable, an industry forecasting firm said on Tuesday.
Full story...
France, Germany and other European nations have created overcapacity by subsidizing the auto industry, a problem that should be fixed by streamlining the sector as the United States has done, Fiat S.p.A.
Full story...
France, Germany and other European nations have created overcapacity by subsidizing the auto industry, a problem that should be fixed by streamlining the sector as the United States has done, Fiat S.p.A.
Full story...
A celebration of Infiniti and its 20 year history as creator of performance cars and an inspiring exploration into the brand's future, the Infiniti Essence concept will make its Canadian debut at the 2010 Montreal Auto Show in January. Essence makes one more stop in Canada at the 2010 Canadian International Auto Show in Toronto this February.
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Ford team leader Mikko Hirvonen has won the 2009 Bettega Memorial Rallysprint, which concluded on Tuesday afternoon at the Bologna Motor Show.
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Tony Fernandes, Team Principal of the new Lotus F1 Racing team delivered the major address on the first day of the 2009 Motor Sport Business Forum in Monaco.
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California is arguably the cradle of the green movement and, consequently, the Los Angeles Auto Show is North America's premier green car event.
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World Rally Championship convert Kimi Raikkonen will make his competitive debut in a Citroen C4 on January's Arctic Lapland Rally - a fortnight before his 2010 WRC campaign kicks off in Sweden.
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