Spyker Cars used internal funding rather than external debt to pay General Motors the final us$24m purchase price for Saab, the company said, ending concern over how it would foot the bill.
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GKN Driveline says it is building a factory in Changchun in China's northeast to keep up with expanding demand. The plant is scheduled to open in 2011, with annual production of 1 million drive shafts.
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China's passenger-car sales growth slowed in June as inflation accelerated, reducing consumers' spending power in the world's largest auto market. Sales of cars, sport-utility vehicles and multipurpose vehicles rose 10.
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China's passenger-car sales growth slowed in June as inflation accelerated, reducing consumers' spending power in the world's largest auto market. Sales of cars, sport-utility vehicles and multipurpose vehicles rose 10.
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Chrysler Group on Monday said it had begun selecting dealers to reintroduce Fiat in the United States.
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Vauxhall/Opel's Ampera can be driven 40 miles on an electric charge sucked into its 16kWh lithium ion batteries in three hours through a standard cable with a standard B&Q connector on each end. Eighty per cent of European drivers do 30 miles a day or less so Ampera can be considered to be an electric car.
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The European Council for Automotive R&D (EUCAR), which represents the major European automobile manufacturers in their common research activities, has confirmed Jaguar Land Rover as a new member.
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Continental will issue at least 500 million euros ($671 million) in new bonds maturing in five years or more to stave off an 8.1 billion euro debt payment due all at once in August 2012.
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Sales of new vehicles in Japan, excluding mini-vehicles, increased by 32% to 1,720,691 units in the first half of 2010, according to data released by the Japan Automobile Dealers Association (JADA).
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Tata Motor's Jaguar Land Rover (JLR) unit is strengthening its position in China with the establishment of a wholly-owned national sales company that will also be responsible for importing vehicles into the country.
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Vehicle sales in mainland China rose by 14% year-on-year to 1.13 million units in June, according to data released by the China Automotive Technology & Research Center.
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Renault's new concept, Range Rover Evoque revealed, Citroen DS3 driven, £350,000 Audi A1, Alfa Giulietta vs rivals
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Hyundai posted a third successive monthly decline in domestic sales in June, hitting a 10-month low in the face of tough competition in the absence of new models of its own.
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German partsmaker Bilstein has announced it will shut its Alonsotegi, Bilbao, factory amid falling sales in Spain's deep recession.
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Veyron Super Sports sets 268mph production car Guinness World Record.
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Spyker used internal funding rather than external debt to pay General Motors the final $24 million purchase price for Saab, ending concern over how it would foot the bill.
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Today's electric cars and the infrastructure needed to support them may seem far out compared to conventional cars that run on gasoline, but they're inside-the-box thinking compared to what's on the drawing boards.
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Some might call it fate, while others might argue that Victor Muller was destined to save Saab from oblivion.
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More than 342,000 cars made by BMW AG and Mazda Motor Corp. are under investigation by the U.S. auto safety regulator for possible steering defects that could lead to loss of vehicle control.
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Land Rover needs to develop greener versions of all its models to sustain sales, says Carl-Peter Forster, CEO of parent Tata Motors. He spoke in London, where the company introduced a a small, two-door Range Rover SUV called the Evoque.
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