China has approved cars made by Warren Buffett-backed BYD and 15 other Chinese automakers and joint ventures to receive fuel-efficiency subsidies of CNY3,000 (US$441) per vehicle, a top government agency said on Wednesday.
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European confidence in the economic outlook unexpectedly improved in June after reviving global growth and a drop in the euro bolstered the region's recovery. An index of executive and consumer sentiment in the 16 euro nations rose to 98.7 from 98.
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Mitsubishi Motors Corporation (MMC) and PSA Peugeot Citroën on Wednesday said they'd started a feasibility study for the development and supply of powertrains for electric vehicles, including an analysis on the packaging of batteries and its business viability. The first application of this new agreement will focus on light commercial vehicles.
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Russia could strengthen its car industry's ties with France possibly through an equity swap between the two governments and their flagship automakers, Prime Minister Vladimir Putin said on Wednesday.
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Denso Corp., the world's largest auto parts supplier, and Indian's leading maker of auto air conditioning systems, Subros Ltd, said on Wednesday they have agreed to form a joint venture to design automobile air conditioning systems and other devices.
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General Motors Co. plans to build a new mid-sized Chevrolet truck in Thailand for export to Europe and parts of Southeast Asia as the brand makes its first push into the two regional pickup markets.
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UK motor industry representatives are optimistic General Motors will place the manufacture of its Ampera (European version of the Chevy Volt) in Britain, following the start of Toyota's new Auris hybrid production in the country this week.
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New UK secretary of state for Business, Innovation and Skills (DBIS) Vince Cable has outlined further details of his plans for the British automotive industry.
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PSA/Peugeot-Citroen SA and Mitsubishi Motors Corp. said today they have agreed to work together to develop electric vehicle powertrains, initially focusing on light commercial vehicles.
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PSA/Peugeot-Citroen SA and Mitsubishi Motors Corp. said on Wednesday they have agreed to work together to develop electric vehicle powertrains, initially focusing on light commercial vehicles.
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Mercedes-Benz is the first non-Japanese automaker to take top honors in vehicle ownership satisfaction among German car owners, according to a J.D. Power and Associates study published June 24. Either Toyota, Honda or Daihatsu has finished No.
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General Motors' plant in St Petersburg, Russia, on Tuesday started production of Opel Astra new-generation five-door hatchbacks, the plant's CEO Hans Juergen Michel said.
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Holley Performance Products has emerged from Chapter 11 bankruptcy for the second time in three years after transferring ownership of the company to holders of its debt.
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General Motors said that customers in the US are paying US$3,000 more on average per vehicle than last year when the automaker was under bankruptcy court protection.
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China has approved cars made by Daimler AG electric-car partner BYD Co. and 15 other Chinese automakers and joint ventures to receive fuel-efficiency subsidies of 3,000 yuan ($441) per vehicle, a top government agency said on Wednesday.
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Elon Musk, CEO of Tesla Motors Inc., made at least $24 million from the electric-car maker's initial public offering, restoring some of the wealth he's staked on the company and other startups. Tesla set a price of $17 a share and Musk sold 1.
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Sustainable success for electric vehicles only will happen with better collaboration, a panel of EV experts told the Automotive News Europe Congress last week.
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NSK Ltd. helped make the Toyota iQ as compact as possible by supplying the minicar's column-mounted electric power steering. In addition to preventing oversteering and understeering, the design enables a turning circle of less than 4 meters.
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Fiat's Alfa Romeo brand will add two SUVs and renew its core compact and mid-sized models as part of its quest to lift annual sales to more than 500,000 by 2014 from 102,000 last year.
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How can Alfa Romeo reach its ambitious target of boosting annual unit sales above 500,000 by 2014 from 102,000 units last year? Become part of Europe's largest automaker, says one analyst.
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