Indian supplier Steel Strips Wheels sold 703,732 wheel rims in February, up 48% from the 476,859 units shipped a year ago.
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GAZ has agreed to restructure all of its debt at 4% over the Russian central bank's official refinancing rate, state-owned Sberbank said.
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Saab would have to sell more than 100,000 cars a year to break even and hopes to sell about half of that in 2010, CEO Jan Jonsson said. He said that 2010 would be "a success" for Saab if the company sold 50,000 to 55,000 vehicles.
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Thirty-one percent of Americans now think Toyota and Lexus vehicles are not safe to ride, while 55 percent say the carmaker dragged its feet in responding to potential safety defects, according to a poll published today.
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lt could adjust the size of its 25% stake in AvtoVAZ if asked by the Russian government, chief executive Carlos Ghosn has said.
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Investment bank BTG Pactual has agreed to buy a minority stake in Mitsubishi Motors do Brasil, betting on a boom in Brazil's automobile market.
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Peugeot expects the sleek new styling of its forthcoming 508 mid-sized sedan to win new customers from Germany's premium automakers, the company's managing director Jean-Marc Gales said on Tuesday.
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Tata Motors said it would bring an electric version of the Nano, the world's cheapest car, to Europe within three years, starting with Britain and Scandinavia.
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RHJ International has sold its remaining interest in U-shin, the holding company said in a statement today.
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Nissan Motor unveiled its much-awaited low-cost compact car aimed at becoming a major force in the fast-growing segment, targeting global sales of 1 million units.
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The Flextreme concept car General Motors Europe unveiled in Geneva today is the strongest and clearest indication to date of Opel/Vauxhall's intentions to be a manufacturer of highly stylish but practical cars which people will be proud to buy, according to design head Mark Adams.
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Alfa Romeo's new Guilietta, unveiled in Geneva today, is a far more significant car than it might appear. Not only has it got to appeal to a wider buying public as beleaguered Alfa tries to rebuild its European sales, it also forms the basis of what Fiat hopes will be a 1m units a year Chrysler-Fiat-Alfa range of cars.
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Malaysia's Proton is working with Italy's Italdesign Giugiaro on a range of compact hybrids, the first of which were unveiled in Geneva today.
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Daimler has signed a memorandum of understanding (MoU) that will see it enter into a technology partnership for the development of electric vehicles for China.
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Judging by the concern shown by its minders when journalists tried to open and shut the rear doors, the description of the CT 200h as a show car rather than a full-blown production vehicle is apt. But this is how the final production vehicle will look when it goes on sale later this year with European sales from early 2011.
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Toyota Motor will once again defend its position over the recall scandal in the US at a senate committee hearing later today. Two company vice presidents will also make assurances that safety steps will be taken to rebuild consumer confidence in the company.
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New Jaguar Land Rover CEO Carl-Peter Forster has asked for 100 days on the job before making any formal announcements about his strategy for the British brand.
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Renault decided to reintroduce its famous Gordini brand to make Renaultsport technology available to a wider, more fashion conscious audience, according to Beatrice Foucher, head of global product planning.
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