Nearly three years to the day after oil prices first pierced $100 a barrel, they are again threatening to break triple digits on a wave of fund-led optimism, but similarities between 2008 and 2011 end there.
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Tata Motors' Nano, the world's cheapest car, went on sale nationwide in India today after lengthier warranties and easier financing helped sales rebound from a record low.
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Fiat, which owns 20 percent of Chrysler, may boost the holding to more than 50 percent before a planned initial public offering by the U.S. carmaker this year.
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Fiat, which owns 20 percent of Chrysler, may boost the holding to more than 50 percent before a planned initial public offering by the U.S. carmaker this year.
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Fiat, which owns 20 percent of Chrysler, may boost the holding to more than 50 percent before a planned initial public offering by the U.S. carmaker this year.
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France's car market ended a negative 2010 on a high note, with drivers flocking to take advantage of scrapping bonuses before they ran out. Meanwhile, car sales in Spain fell for the sixth consecutive month in December, with a 23.9 percent drop.
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It's cold in Maranello, Italy, and the crowds at the Ferrari Museum are at their smallest. It is more properly called Galleria because this small display is not designed to be a comprehensive museum, with row after row of rare Ferraris.
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Automakers are pouring billions of dollars into fuel-efficient powertrains. But shapely sheet metal still sells cars--which is why fresh design statements will be abundant at the North American International Auto Show in Detroit next week.
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Hyundai and affiliate Kia expect to boost vehicle sales 10 percent this year because of new models and rising demand in China and other emerging markets. Sales may rise to 6.
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Hyundai and its affiliate Kia aim to boost vehicle sales by 10 percent this year after robust December sales, as the indusry shows a gradual recovery, led by China and the United States. Hyundai, the world's No.
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Ally Financial Inc., the former General Motors lending unit, moved closer to regaining its independence as the U.S. government converted $5.5 billion of preferred stock into common shares. The Treasury Department is looking to recover its $17.
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Volkswagen AG extended CEO Martin Winterkorn's contract by five years as he aims to complete a merger with Porsche SE and surpass Toyota Motor Corp. as the world's biggest carmaker.
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Aston Martin is in talks with Daimler over a partnership to build a new Maybach sedan that could debut at the 2011 Frankfurt auto show, press reports said.
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Porsche SE rose the most in more than 16 months in Frankfurt after a U.S. judge dismissed two lawsuits claiming the sports-car maker misled short-sellers in its acquisition of Volkswagen AG shares in 2008.
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VW extended CEO Martin Winterkorn's contract by five years, giving the executive time to complete a merger with Porsche and surpass Toyota as the world's biggest carmaker.
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VW is in talks to invest in Algeria, an Algerian minister said on Sunday. "Volkswagen is very insistent to come.
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Johnson Controls Inc., moving to enhance its seating business, particularly in Europe, said Dec. 30 it signed an agreement to acquire German seating expert Keiper and its specialty seat business Recaro. Financial terms were not released.
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Turkish automotive sales rose to a record high of 750,000 this year up from 557,126 last year as the economy recovered from the global financial crisis and interest rates declined, the country's Vatan newspaper reported Dec. 31.
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Every year since 1953, reporters and editors at Automotive News have chosen the year's top auto story. Here are their picks.
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