Daimler is to invest ZAR2bn (US$290.6m) at its Mercedes-Benz plant in South Africa in readiness to assemble the next-generation C-Class slated for introduction in 2014.
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New vehicle sales in Vietnam continued to decline in November by 8.7% to 11,198 units from 12,259 units a year earlier, according to data released by the Vietnam Automotive Manufacturers Association (VAMA).
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BMW outpaced sales growth at Mercedes last month on demand for the new BMW 5 series and X1 SUV. Deliveries of BMW, Mini, and Rolls-Royce models rose 20 percent to 129,014 vehicles in November, the Munich-based automaker said.
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Ten companies, agencies and universities are to co-operate with an initiative between The Gas Company (TGC), and General Motors to make hydrogen-powered vehicles and a fuelling infrastructure in Hawaii by 2015.
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Tata AutoComp Systems Limited has announced that it has agreed to purchase a 37.5% stake in Automotive Stampings and Assemblies Limited (ASAL), a listed company, from Gestamp. The move takes Tata AutoComp's stake in ASAL up to 75%.
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Renault has sold its remaining stake in its Formula One team to Luxembourg-based private investment firm Genii Capital, which is already the team's majority shareholder.
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Toyota, Daimler and BMW are turning to laptops for a cheaper way to power their electric cars -- and their sales.
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U.S. farm equipment maker Agco is interested in Fiat's CNH Global unit, Agco CEO Martin Richenhagen said. Agco, whose brands include Massey Ferguson, is moving ahead on a possible CNH merger by studying antitrust issues and on financing.
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Lotus Renault GP replaces Renault F1 team and competes alongside Team Lotus.
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Russian new-car sales rose 80 percent in November, the most in two years, as the economy rebounded and the government extended its rebate program for used vehicles. Sales may reach 1.9 million units this year, significantly beyond previous forecasts.
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Hyundai has extended its sponsorship deal with FIFA to include the 2018 and 2022 World Cup championships in Russia and Qatar. According to Interbrand, Hyundai has raised its brand value by 9.3 percent in the last year, putting it just behind Audi.
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Mercedes-Benz said it will achieve its 2010 sales goal after posting record sales last month on demand in Germany and China for E- and S-class sedans.
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Ford will unveil a near-production-ready concept of an SUV to replace the Kuga in Europe and Escape in the U.S. at the Detroit auto show.
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GM, Ford, and Chrysler, in advance of next year's labor contract negotiations, are exploring with the UAW changes that could give workers a bigger piece of growing profits.
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Nissan premium brand Infiniti plans to launch its first full-electric car in 2013.
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Ford will unveil a near-production-ready concept of an SUV to replace the Kuga in Europe and Escape in the U.S. at the Detroit auto show.
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Rubens Barrichello has revealed he has been asked to lose some weight ahead of the 2011 season.
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Ward's published its list of Top 10 engines of 2010 today. Proof that times are a-changin', for the first time in 17 years an electric motor has made the cut, the Chevrolet Volt and Nissan LEAF coming in sixth and eighth, respectively.
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