Toyota is to sell minivehicles under its core brand for the first time though they will be made on an OEM basis by group affiliate Daihatsu which specialises in the type.
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PSA/Peugeot-Citroen SA and Dongfeng Motor Group Co. will open a new assembly plant and introduce 12 new models in China over the next five years in a bid to raise their joint venture's market share to 5 percent.
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BYD says it plans to sell its plug-in hybrid vehicle in Europe over the next two years in a partnership with the German utility company RWE Effizienz.
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Scion was supposed to be Toyota's niche brand of fuel-efficient small cars for hip kids. But the original three-model product lineup is being expanded, so the brand's customer reach may be extended as well.
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Toyota plans to move into new product segments over the next 18 months, as well as redesign several mainstream models.
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Hyundai Motor is to recall 139,500 Sonatas in the US next month because the steering shaft of some 2011 models can become detached, resulting in a loss of control.
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Mahindra and Mahindra says it has rejected an order from US importer Global Vehicles for pickup trucks, as the increasingly bitter verbal jousting between both companies increases.
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US billionaire Warren Buffett may reduce his stake in Chinese carmaker BYD Co Ltd according to media speculation.
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US billionaire Warren Buffett may reduce his stake in Chinese carmaker BYD Co Ltd according to media speculation.
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Volkswagen CEO Martin Winterkorn reportedly plans to retire in the next three to four years.
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GAZ is planning a joint venture with China's FAW Group to produce trucks in the Urals, the Russian company's president Bo Andersson has told the Reuters news agency.
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French tiremaker Michelin unveiled a deeply discounted 1.2 billion euros ($1.6 billion) rights issue to fund growth in booming emerging markets and set new long-term sales and profit goals.
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PSA will unveil the world's first diesel-electric car at the Paris auto show this week to take on Renault's all-electric strategy as both French carmakers play catch-up to Toyota.
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Chrysler Group fired 13 workers at a Detroit assembly plant after a local television station report showed some of them drinking on their lunch breaks. Two other workers were also suspended for a month without pay, the automaker said.
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Nissan Motor Co. premium brand Infiniti plans to launch its first full-electric car in 2013.
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Reaction to the IPL G Cabrio Concept at the Paris auto show will determine whether Infiniti will challenge Audi's S, BMW's M and Mercedes-Benz's AMG models in Europe. The IPL G Cabrio Concept has a 3.
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BMW will offer chief executive Norbert Reithofer a five-year contract extension at a meeting on Wednesday, a German newspaper reported.
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