Billionaire Warren Buffett affirmed his support for BYD Co., saying the Chinese automaker part-owned by his Berkshire Hathaway Inc. holding company will be a leader in selling electric cars.
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Ford Motor Co. may reduce its product lineup to as few as 20 nameplates, CEO Alan Mulally said.
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The Lotus name will not be appearing on the Formula One starting grid next season.
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Mitsubishi Motors has denied it plans to develop batteries with LG Chem Ltd, as claimed by the Nikkei business daily.
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Global Vehicles is insisting it is "business as usual" despite a dispute with Mahindra & Mahindra concerning planned imports of the Indian automaker's pick-up trucks into the US.
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Valeo on Monday said it now expects global automotive production to recover at a faster rate than forecast last July. It now sees a 19% year on year increase for full year 2010 versus 16% predicted.
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India's largest utility vehicle maker, Mahindra & Mahindra, on Monday announced it was raising vehicle prices by INR3,000-INR8,000 (US$67-$178), from 1 October.
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Volkswagen AG CEO Martin Winterkorn said a new Porsche small SUV will be brought to market soon as part of plans to expand the sports car brand's lineup to boost sales.
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The Porsche Museum in Stuttgart, Germany, has prepared a special exhibit celebrating 60 years of Porsches in the United States.
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Ford president and CEO Alan Mulally has highlighted the importance of the UK to the manufacturer's ability in weathering the global downturn.
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EXECUTIVE EDITOR ROGER HART: I like the exterior styling of this car, and it just might contain the best interior GM has done in a long time, maybe forever.
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The so-called BRIC markets of Brazil, Russia, India and China have continued to forge ahead in demand, output and increasingly, exports. While these regions offer terrific economies to carmakers, their sheer size and often primitive logistics infrastructure mean that OEMs must take careful measure of the real costs of manufacturing and distribution in these new automotive worlds.
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Saab owner Spyker is now confirming it is holding talks with BMW for a possibly supply relationship agreement.
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Among the first product moves that Volvo is considering as it adapts to new management is the addition of a small sedan that targets BMW's 1 series and a compact crossover to go up against the BMW X1.
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Lexus' sales lead in the luxury wars is under threat from BMW and Mercedes-Benz, in part because of aging products in crucial segments. But several new or redesigned Lexus models are due to be launched in the next year.
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BMW owned Rolls-Royce has expanded the leather shop at its car assembly factory in southern England due, it said, "to the continued success of its Phantom and Ghost models". An additional 10 machinist jobs are being offered.
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Nexteer Automotive is a multi-billion dollar global steering and driveline business solely dedicated to electric and hydraulic steering systems, steering columns and driveline products for original equipment manufacturers. Its 6,200 employees serve more than 60 customers in every major region of the world with 15 manufacturing sites, six engineering and 14 customer service centers strategically located in North and South America, Europe and Asia. Nexteer Automotive's customers include GM, Fiat, Ford, Toyota, Chrysler, and PSA Peugeot Citroen, as well as automakers in India, China and South America. In this interview, Matthew Beecham talked with Laurent Bresson, Nexteer Automotive's executive director in Europe and executive director of its global sales and marketing operations.
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