Indonesia's PT Astra International plans to increase capital expenditure by 50% to IDR8 trillion (US$865m) in 2010, to expand its interest in the automotive, mining and infrastructure sectors, according to new president director Prijono Sugiarto.
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Russian automakers may get state help to purchase foreign assets under a development strategy for the industry being considered by the government this week.
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Chery Automobile has set its sights on growing vehicle sales by as much as 80% this year, a further reflection of the strength of the Chinese market in an otherwise lacklustre global market.
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Continuing a recent tradition of launching different body styles of a redesigned model line at a series of international motor shows, Ford lifted the covers off its redesigned third generation Focus wagon at Geneva on Tuesday.
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Ford Motor Co. said it will expand its global vehicle electrification program to Europe in 2011, starting with the battery-powered Transit Connect.
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The race is on to be the world's number one in environmental vehicles. Companies such as Toyota, Honda and Renault have staked their claim and Volkswagen said at the Geneva show on Tuesday it aims to be number one in hybrid and electric cars before the end of this decade.
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Worldwide car sales should increase 3 percent this year, even as the beginning of 2010 has been marked by a drop in orders, Renault CEO Carlos Ghosn said.
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General Motors Co. is recalling 1.3 million compact cars in North America to address a power steering problem that has been linked to 14 crashes and one injury, the company said on Tuesday. U.S. safety regulators opened an investigation on Jan.
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Italy's Fiat S.p.A. unveils the Alfa Romeo Giulietta at this week's Geneva auto show, and while analysts do not believe the brand is under threat, they say the new hatchback is a test of its revival.
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Opel's labor chief Klaus Franz has demanded that parent company General Motors Co. invest at least $1.355 billion (1 billion euros) to restructure the European arm as a way to improve its chances for getting state aid.
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General Motors Co.'s European unit Opel expects to make good progress in the coming weeks in talks to clinch restructuring aid from the German government, Opel's CEO told Reuters TV in an interview on Monday. The European unit of U.S.
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GM said it will contribute 1.9 billion euros ($2.57 billion) toward Opel/Vauxhall's restructuring, more than tripling its previous investment pledge of 600 million euros.
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Toyota Motor Corp. executives will tell lawmakers today that the company is delegating more authority over U.S. recalls and other safety measures to its North American unit. Toyota's U.S.
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GM said it will contribute $2.57 billion (1.9 billion euros) toward Opel/Vauxhall's restructuring, more than tripling its previous investment pledge of 600 million euros.
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Ford Motor Co. said today it will produce a global performance car based on the re-engineered, restyled Focus.
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Burnaby, BC - Time springs ahead one hour on March 14th, but will you? Time changes reflect a change in social clocks not biological ones and studies show that our circadian rhythms (body clocks) don't adjust to these changes naturally.
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Kimi Raikkonen will start Rally Mexico without having driven his Citroen C4 for any significant time on gravel, after a back injury forced the cancellation of a pre-event test.
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Two living world champions look set to be missing at next weekend's F1 season opener in Bahrain.
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Russia is set to sponsor the Renault formula one team in 2010, prime minister Vladimir Putin has announced.
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2010 is Jenson Button's chance to prove he is as good as Britain's other formula one driver, according to Bernie Ecclestone.
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