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Nov
18th

VW unit Skoda plans huge rise in China production

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Skoda wants to produce 500,000 cars in China in the future,.The Volkswagen Czech subsidiary produced 131,779 cars in China in 2009. Full story...
Nov
18th

LA SHOW: Kia unveils Optima hybrid

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Kia Motors has unveiled its all-new Optima Hybrid sedan at the Los Angeles Show, a vehicle created primarily with the US market in mind Full story...
Nov
18th

LOS ANGELES SHOW: Kia unveils Optima hybrid

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Kia Motors has unveiled its all-new Optima Hybrid sedan at the Los Angeles Show, a vehicle created primarily with the US market in mind Full story...
Nov
18th

US: British-built cars top J D Power satisfaction survey

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Cars made in Britain are increasingly popular with customers in North America according to the latest JD Power and Associates 2010 US Sales Satisfaction Index. Full story...
Nov
18th

L.A. auto show: 2011 Hyundai Elantra gets shapely:

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First came the Genesis sedan and coupe. The Sonata followed. Days away is the Equus. Full story...
Nov
18th

UK: Schaeffler Group reports strong Q3

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Business development at the Schaeffler Group remained on a high level in the third quarter of 2010. Full story...
Nov
18th

Ford cuts Mazda stake to 3.5%; no longer top shareholder

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Ford announced today it will reduce its stake in Mazda to 3.5 percent from 11 percent. The transaction is expected to be completed Friday. The U.S. Full story...
Nov
18th

Ford cuts Mazda stake and won’t be largest shareholder

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Ford announced today it will reduce its stake in Mazda to 3.5 percent from 11 percent. The transaction is expected to be completed Friday. The U.S. Full story...
Nov
18th

Ford cuts Mazda stake to 3.5%; no longer top shareholder

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Ford announced today it will reduce its stake in Mazda to 3.5 percent from 11 percent. The transaction is expected to be completed Friday. The U.S. Full story...
Nov
18th

Porsche-Volkswagen merger lawsuits quashed by court

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Luxury carmaker Porsche won dismissal of investor lawsuits seeking to overturn decisions made at a 2009 shareholder meeting during the manufacturer's bid to take over Volkswagen Group. Full story...
Nov
18th

UAW says no U.S. auto concessions in 2011

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The UAW expects to give no further concessions to U.S. automakers in contract talks next year and will seek to share in company profits in some way, President Bob King said on Wednesday. Full story...
Nov
18th

North America, finance chiefs driving GM’s recovery

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The success of GM's initial public offering is raising the profile of Mark Reuss and Chris Liddell, the senior managers immediately behind CEO Dan Akerson. Reuss and Liddell are relatively young, 47 and 52, respectively. Full story...
Nov
18th

Canada resists U.S. push to sell more GM shares

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Canada and Ontario rejected a U.S. offer to sell more shares in GM's $15.8 billion initial public offering this week, allowing the Canadian governments to benefit if the automaker's shares rally. U.S. Full story...
Nov
18th

Coda pushes EV launch back to second half of 2011

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Electric car start up Coda Automotive will delay the launch of its battery-powered sedan until the second half of next year, interim CEO Mac Heller said at the Los Angeles Auto Show. Coda had been planning to start sales next month. Full story...
Nov
18th

Mitsubishi EV goes on sale in Nov. ’11 in 4 western states

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Mitsubishi will roll-out its i-MiEV electric vehicle in just three West Coast states and Hawaii when U.S. sales begin in November 2011. Mitsubishi also changed the name of the vehicle for the U.S. Full story...
Nov
18th

Honda plans Fit EV, hybrid powertrain for larger vehicles

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Honda unveiled a plug-in hybrid system designed to work with mid-sized and larger vehicles. That follows more than a decade in which Honda's Integrated Motor Assist hybrid drivetrain was limited to small cars. Full story...
Nov
18th

Scarce Leafs prompt Nissan to reduce dealer demos

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Nissan's U.S. dealers will each give up one of their electric Leaf demo cars as the factory tries to satisfy initial demand for the car. Dealers had been promised two Leafs each. Full story...
Nov
18th

High GM stock price aids workers, UAW’s King says

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A high stock price for General Motors Co. is in the interest of its past and present workers as it will allow the automaker to invest in its future, the head of the UAW said on Wednesday. Full story...
Nov
18th

Fiat 500 tailored for U.S. tastes

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The 2012 Fiat 500 subcompact goes on sale in January, but customers can configure their cars now at the brand's new customer Web site: www.fiatusa.com. Full story...
Nov
18th

SAIC subsidiary takes 1% share in GM

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SAIC Motor on Thursday said that a Hong Kong-based subsidiary had acquired a nearly 1 percent stake in GM as part of the U.S. automaker's initial public offering, reports said. The company paid the $33 per share IPO price for 15. Full story...
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