France's strategic investment fund (FSI) is not yet ready to invest in manufacturer Heuliez's electric vehicle project as new owner Bernard Krief Consulting (BKC) has not met necessary guarantees. The FSI had planned to invest 10 million euros ($14.
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A consortium dominated by Swedish owners is ready to submit a cash bid for Volvo, the group's CEO said. "We have told Ford that we are ready to submit a cash bid and that we have investors backing this," Peder Fast, Konsortium Jakob AB's CEO, said.
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A consortium dominated by Swedish owners is ready to submit a cash bid for Volvo, the group's CEO said. "We have told Ford that we are ready to submit a cash bid and that we have investors backing this," Peder Fast, Konsortium Jakob AB's CEO, said.
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VW took another step in its integration with Porsche SE after acquiring a 49.9% stake in its sports car business for 3.9 billion euros ($5.8 billion).
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General Motors Co. will spend $336 million so its Detroit-Hamtramck assembly plant can produce the Chevrolet Volt hybrid electric car starting late next year.
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General Motors on Monday said it would spend $336 million on upgrades to the Hamtramck plant near downtown Detroit to build the Chevrolet Volt hybrid car.
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Daimler's German workforce, fearing more cars could be shifted to foreign plants just days after management decided to build a key model in its Alabama facility instead of in Sindelfingen, has demanded job guarantees until 2020, a media report said.
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The US government is eyeing yet more Toyotas for possible faults, this time following complaints from drivers of engines stalling in 2006 Corolla and Matrix models.
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New GM Europe president and Vauxhall/Opel CEO Nick Reilly has promised investments in new models and pledged an end to business as usual at the unit.
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Aston Martin has set the base price for the Rapide in the United States at $199,950.
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We're sure there's a gearhead or two on your shopping list for the holidays. Or maybe you just want to eliminate the uncertainty and give yourself a gift.
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General Motors has chosen recruiters Spencer Stuart to find a permanent CEO with extensive global, manufacturing and turnaround experience, sources "familiar with the situation" told the Wall Street Journal.
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EXECUTIVE EDITOR ROGER HART: It's going to be hard to imagine how a behemoth like this will survive in the brave new world of 30 mpg for light trucks. That's too bad, because as big SUVs go, this one is pretty damn good.
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Ford showed off its most eagerly awaited product for India in years, the small Figo first unveiled last September, at the biannual Delhi Auto Expo at the weekend. The model underlines the Indian auto industry's expertise in making, selling and exporting small cars and a trend to get new models to the fast-growing market faster than before, a local paper noted.
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U.S. safety regulators are investigating complaints of engine stall in 2006 Toyota Motor Corp. Corolla and Matrix vehicles, the latest in a string of quality issues to affect the Japanese automaker.
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U.S. safety regulators are investigating complaints of engine stall in 2006 Toyota Motor Corp. Corolla and Matrix vehicles, the latest in a string of quality issues to affect the Japanese automaker.
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Shares in Geely Automobile Holdings rose more than 7% to a record high on Monday after the Chinese carmaker said it planned to sell 400,000 vehicles in 2010, up by a third from 2009.
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China's auto output and sales exceeded a record 12m units respectively in the first 11 months of the year, state media said on Monday, cementing the Asian giant's status as the world's largest car market.
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A focus on small car production is fuelling recovery in the auto industry-dependent economies of central and eastern Europe.
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