A futuristic Turkish taxicab with a see-through roof for gazing at the skyline is among three finalists in New York City's search for the "Taxi of Tomorrow." The model by Karsan Otomotiv made the short list along with models by Nissan and Ford.
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While Nissan is roaring full-tilt into the electric vehicle market this year with the Leaf, Toyota is taking a more cautious approach. Toyota says it will build just 35 RAV4 EVs in cooperation with Tesla Motors for a demonstration fleet.
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General Motors Co. today priced its public stock offering at $33 a share -- which will generate at least $20.1 billion for the automaker just 16 months after it emerged from its government-sponsored bankruptcy.
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Auto interiors maker Johnson Controls set a 23 percent increase in its quarterly dividend on Wednesday and said more increases were expected in the coming years.
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The future of Spyker's Saab rests on finding more manufacturing partners and bringing down the number of cars it must sell to break even, its executives said.
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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.
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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.
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Both the three- and five-door versions of Range Rover's compact Evoque SUV will come to the United States next October.
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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.
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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.
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A Magna International executive confirmed the Canadian-Austrian supplier's interest in design and engineering firm Pininfarina.
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The future of Spyker's Saab rests on finding more manufacturing partners and bringing down the number of cars it must sell to break even, its executives said.
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Porsche made waves on the opening morning of the Los Angeles auto show Wednesday with the unveiling of its lightweight Cayman R.
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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.
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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.
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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.
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GM's China partner, state-owned SAIC Motor Corp. is still deciding whether or not to participate in GM´s increased initial public offering, the China Securities Journal reported, quoting industry sources.
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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.
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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.
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Jaguar shoppers were more satisfied with their showroom experience than buyers at other luxury brands in the United States, according to the J.D. Power U.S. Sales Satisfaction Index, released today.
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