Geely hopes to use its takeover of Volvo to crack China's growing luxury car market and become a global player using the Swedish brand's cutting-edge technology, local analysts have said.
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Opel/Vauxhall said on Wednesday that it will hire up to 250 engineers at its global technical development center in Germany.
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Kamaz Vectra Motors, an Indian joint venture of Russian truck maker Kamaz with Indian conglomerate Vectra Group, has been ordered by local Indian authorities to suspend operations following an inspection of the plant. Kamaz holds 51% of the JV.
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Honda Canada said on Tuesday it would add a second production shift in early 2011 at one of its two assembly plants in Alliston, Ontario, increasing output by 400 to 600 vehicles a day and creating over 400 new jobs.
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PSA Peugeot Citroen is to spend EUR135m (US$200m) in Argentina this year, underscoring its commitment to Latin America.
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BorgWarner Thermal Systems has opened a new manufacturing facility in a high-tech business park near Chennai, India. The new 65,000 sq ft (6,000 sq m) factory will provide manufacturing, engineering, sales, and administrative space as well as room for future expansion.
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Toyota's US sales have soared around 35% year on year this month after the automaker offered incentives to lure buyers back into showrooms after recalling about 8.5m vehicles worldwide.
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Unable to establish itself if electronic gremlins are a cause of some unintended acceleration incidents in Toyotas, the US Department of Transport has asked the National Academy of Sciences and NASA to help.
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The outlook for parts supplier Tenneco has been lifted to positive by ratings agency Moody's Investor Services on the back of commercial vehicle launches expected later this year.
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Subaru teams up with Cosworth to take on the Evo FQ-400 with 395bhp version on the Impreza STI
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Nissan Motor's announcement yesterday of the price of its upcoming Leaf EV sparked something of a war, prompting Mitsubishi Motors (MMC) to cut the sticker of its considerably smaller hatchback i-MiEV by JPY619,000 (US$6,678; EUR4,963) to JPY3.98m ($42,935; EUR31,913), still above the JPY3.76m ($40,562; EUR30,148) starting price for the Nissan.
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New 180bhp-plus stormer is go!
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The next natural extension of Ford's hybrid strategy is being revealed on Wednesday at the New York auto show with the unveiling of the 2011 Lincoln MKZ hybrid.
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PSA plans to double its production capacity in Brazil and invest 580 million euros (about $780 million) by 2012 to boost production in South America's largest market.
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Daihatsu said on Wednesday it would recall 114,358 vehicles in Japan due to a problem with a bolt holding the steering shaft and gear box. The automaker said the recall covers 80,884 units of the Tanto and 33,474 units of the Move model.
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No Chinese company has succeeded in reviving a business acquired overseas. It's almost a curse for Chinese companies venturing to go global. With Volvo, Geely has a chance to break the record.
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Britain's vehicle scrappage scheme ended on Wednesday after contributing to a fifth of new car registrations since its launch. The initiative has helped 400,000 customers since it was introduced in the budget last April, the government said.
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Two leading U.S. economists predicted a return to more normal economic conditions by the end of 2010. As a result, they forecast U.S. light-vehicle sales will reach 14 million units in 2011 and grow to old levels of 17 million and above by middecade.
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