Talks between PSA Peugeot Citroen and Mitsubishi Motors on a possible joint venture could fail because the two cannot agree on the value of their groups, the French newspaper Les Echos reported.
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Hyundai affiliate Kia Motors did exceptionally well in 2009 taking its share of the world market to a record 2.6%, the Korea Times reported. Parent Hyundai is yet to report its 2009 sales figures but the newspaper estimated the two brands would have an 8% share of the global market.
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Toyota Motor's labour union on Tuesday decided not to demand a pay-scale increase during this spring's annual spring wage talks, Kyodo News reported, citing union sources.
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Ford announced on Tuesday it would will build the next-generation Explorer SUV at its Chicago assembly plant starting in the fourth quarter of this year, and bringing about 1,200 new jobs to the region.
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In recent months Volvo Trucks has seen positive signs of increased demand from its customers, albeit from a very low level.
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First pictures of rally legend Ken Block's incredible Ford Fiesta rally car.
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Belgian unions have sued General Motors' Opel for breach of contract with workers after the automaker last week decided to close its Antwerp plant and build a forthcoming SUV at GM Daewoo in Korea.
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Dutch sportscar maker Spyker said on Tuesday talks on its bid to purchase Saab from General Motors were proceeding well but negotiations could still "go either way".
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Fiat's automotive division achieved revenues of EUR26.3billion in 2009, 2.4% below 2008's level, on a total of 2,150,700 cars and light commercial vehicles delivered. Fiat also warned that the removal of incentives in Europe could hit it particularly hard.
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Opel's Spanish factory in Figuerelas expects to function at full capacity until 2016 as it gears up to make the redesigned Meriva minivan/MPV and the next generation Corsa supermini and Combo minivan models, according to trade union officials.
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Geely Zhejiang Holdings plans to almost double Volvo Cars' annual global production with a new factory in Beijing as part of its plan to put the Swedish automaker back in profit by 2011, a media report on Tuesday said.
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Electric vehicle infrastructure company Better Place said that it has raised US$350m in fresh equity as part of a second round of financing.
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General Motors last night announced plans to be the first major US automaker to manufacture electric motors and said it would spend US$246m on electric motor and electric drive facilities in the US.
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General Motors last night announced plans to be the first major US automaker to manufacture electric motors and said it would spend US$246m on electric motor and electric drive facilities in the US.
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Toyota Motor group plans to sell 8.3m vehicles worldwide, up 6% on 2009, it announced today.
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Mazda Motor has said it expects to sell 220,000 vehicles in China this year, up about 22% over the 2009 tally.
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Genii Capital has withdrawn from from bidding for General Motors' Saab unit saying last night "that the timing of the bidding process for Saab is incompatible with implementing a solid business platform for the future."
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