The latest forecast from JD Power sees global light vehicle production rising by 13% to 67.7m units in 2010, driven mainly by soaring demand in emerging markets.
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Vehicle sales in Indonesia grew by 90% year-on-year in April to 65,122 units, compared with 34,299 units a year earlier, according to data compiled by local industry association Gaikindo. This is the vehicle market's second-highest monthly total - just below the record 65,368 units sold in the previous month.
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Chrysler has marked the launch of production of the redesigned 2011 Jeep Grand Cherokee with an event at its Jefferson North (Detroit) Assembly Plant (JNAP) and said it would add a second shift of production with 1,080 employees.
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New Brit 4x4's go head-to-head, Cosworth Impreza details, ultimate cabrio test, Volvo's RS rival driven
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New vehicle sales in Thailand increased by 43.9% in April to 57,128 units, compared with 39,713 units a year earlier, according to data released by Toyota Motor Thailand.
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Nissan began volume production of its new Micra on Monday at its factory near Chennai. Domestic sales are due to start in July and exports to Europe, the Middle East and Africa from September.
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Visteon said Johnson Controls' US$1.25bn cash offer for its interiors and electronics businesses "continues to lack important information and remains highly conditional and vaguely defined" despite a request for additional clarification in a 17 May letter to JCI.
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Beachcomber-inspired buggy set for production, bosses confirm, classic Moke name likely to be used
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The India unit of Nissan Motor Co. on Monday said it has started producing the Micra subcompact, which goes on sale in India in July and in Europe starting in November.
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UAE'S Aabar Investments, which has a stake in Daimler, on Sunday said it entered into a $800 million loan agreement with lenders.
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A report that the head of Volvo, Stephen Odell, will become CEO of Ford of Europe is "speculation," Ford said.
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The organizer of the Tokyo auto show, stung by a string of last-minute dropouts in 2009, is moving the 2011 event to a new, smaller venue and month and making it three days shorter. The next show is scheduled for Dec. 2-11, 2011.
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The good news for automakers in Johnson Controls Inc.'s unsolicited offer last week for most of Visteon Corp. is that Visteon finally is healthy enough to be an acquisition target.
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General Motor Co. and its Chinese partners are expanding their minivan and pickup truck venture, a move which would boost capacity by nearly 50 percent by the end of 2012, the venture said in a statement.
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Geely Automobile says it has not yet decided whether to accept an offer to buy more shares in London-based taxi manufacturer of Manganese Bronze Holdings Plc. Geely Automobile already holds a 20 percent stake in Manganese Bronze.
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VW will announce Tuesday that it will take a 90 percent stake in Italdesign Giugiaro S.p.A, people familiar with the matter told Automotive News Europe.
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Magneti Marelli, Fiat Group's wholly owned parts subsidiary, aims to boost North American sales significantly because of Fiat's alliance with Chrysler Group.
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Ford Motor Co., working to make a quarter of its vehicles run at least partly on electricity, plans to invest $135 million and add 220 jobs at three Michigan facilities to help it introduce five such models by 2012.
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A report that the head of Volvo, Stephen Odell, will become CEO of Ford of Europe is "speculation," Ford said.
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Mike Colleran is in charge of steering Saab in North America under a new owner, Dutch sports car maker Spyker Cars, whose February purchase from GM saved the Swedish automaker from a shutdown.
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