Russia will pledge an additional $340 million to its car scrappage program after the incentive scheme boosted monthly car sales for the first time in 18 months in April.
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Last week, a rumour surfaced: Ford was working on a plan kill off Mercury, the automotive legacy of Edsel Ford, Henry's only child. Mercury would be starved of product and promotion over a four-year period.
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There's quite a bash going on down in Rio de Janeiro.
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About a year ago I asked Dr Pawan Goenka, Mahindra's automotive business head, whether he saw acquisitions as a way for Mahindra to grow its automotive presence. He was cautious in his response, preferring to emphasise the firm's organic growth efforts.
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Another famous American car brand is to bite the dust by the end of the year as Ford last night announced the axing of Mercury in favour of an expanded Lincoln line.
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Volkswagen India is reviving the Vento brand for its version of the Polo sedan which will be launched next autumn. It will be the brand's second volume model after the Polo hatchback and will be positioned as a premium entry level sedan.
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Honda said it will resume car production at four plants in China on Friday but the outlook for next week remains uncertain as some workers at a parts factory have not yet agreed to a full return to work.
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US light vehicle sales boomed in May as the Detroit automakers blew past analyst predictions.
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Johnson Matthey, the world's largest supplier of catalytic converters, expects good progress in the first half of 2010/11 while considerable short-term uncertainties about the global economy remained.
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Downloadable software allows you to interact with and explore the A1 on your computer screen.
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Toyota Motor Corp. said U.S. sales of its luxury Lexus brand rose 31 percent in May as incentive programs helped it take a year-to-date lead over Mercedes-Benz. Lexus sold 22,216 vehicles in the U.S.
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Toyota Motor Corp. said U.S. sales of its luxury Lexus brand rose 31 percent in May as incentive programs helped it take a year-to-date lead over Mercedes-Benz division. Lexus sold 22,216 vehicles in the U.S.
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Toyota is in the final stages of talks with Nippon Steel Corp on steel sheet prices and may accept a 25 percent increase for the April-September period, the Nikkei business daily reported.
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The world's first Ferrari theme park, inspired by the luxury Italian sports car and racing teams, opened its gates in Abu Dhabi for a sneak preview before its official opening in October.
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Toyota has sold all 500 copies of the Lexus LFA supercar that it plans to build. Toyota will build only 20 copies of the 552-hp two-seater per month for a two-year period beginning in December.
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Citroen has released the first images of its new C4 compact hatchback, a crucial car for the French brand in Europe's second largest segment, which is dominated by Volkswagen, Ford and Opel/Vauxhall.
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Volkswagen unveiled a sedan variant of its Polo small hatchback developed for Russia's tough climate and driving conditions.
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Spyker plans to almost double the number of dealers selling its high-end sports cars this year by offering them through Saab outlets, CEO Victor Muller said
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Ford Motor Co. and Coulomb Technologies Inc. are giving away 4,600 electric-vehicle charging stations. Some will go to the first buyers of the Ford Transit Connect electric delivery van, which goes on sale this year.
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Electric carmaker Tesla Motors said on Wednesday it does not expect the contentious divorce of CEO Elon Musk to affect its plans to list its shares and does not rely on him to provide further funding. The California start-up, in a filing with U.S.
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