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Mar
1st

GENEVA: Kia lays claim to greenest engine

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Hyundai Motor affiliate Kia will have the greenest engine on the road when it launches its new Rio later this year.
Mar
1st

US: Nissan announces senior leadership changes

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Nissan Americas has announced senior leadership changes due to take place in their purchasing and planning departments, effective 1 April.
Mar
1st

US: Nissan announces senior management changes

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Nissan Americas has announced senior management changes in purchasing and planning effective from 1 April.
Mar
1st

GENEVA: Fisker announces Valmet SOP date

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Electric vehicle maker Fisker Automotive has announced that the first Fisker Karma models will roll off of Finland contract assembler Valmet's production line on March 21.
Mar
1st

GENEVA: GM Europe extends its range

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General Motors will put the range extender system used in the Chevrolet Volt and the European Opel/Vauxhall Ampera clone into other vehicles in the future as part of its green assault on the car market.
Mar
1st

GENEVA: UK Leaf build will drive down costs says Nissan

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Nissan GB is confident that local production of its electric Leaf will enable it to overcome any potential dismantling of the UK government's incentive scheme.
Mar
1st

Opel offers 8-year warranty on Ampera battery

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Opel/Vauxhall will offer an eight-year warranty for the battery system on its new Ampera plug-in hybrid.
Mar
1st

GENEVA: Hyundai reiterates Veloster door re-engineering for RHD

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Hyundai's UK unit has reiterated that the Veloster three-door coupe launched at the Detroit show in January and on sales later this year will be specially engineered for right hand drive markets.
Mar
1st

French subsidies boost car sales 14% in February; Spain sales drop 28%

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French passenger car sales rose 13.7 percent year-on-year in February to 204,486 units as the country's government subsidies began to be phased out. In contrast, Spain's car sales fell 27.6 percent to 66,120 units in the same period.
Mar
1st

Audi sales chief predicts record Q1 sales

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Audi expects to sell more cars in the three months through March than it ever did during a first quarter. The automaker also forecasts at least 10 percent sales growth in the U.S.
Mar
1st

BMW unaware of VW buying stake in partner

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VW's acquisition of an 8.2 percent stake in SGL Carbon surprised the latter's partner, BMW, signaling a potential source of conflict between the carmakers. BMW and SGL planned to invest as much as 230 million euros ($317.
Mar
1st

Lamborghini Aventador LP700-4 revealed in Geneva, packs 700 hp:

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All the cloak-and-dagger stuff has come to an end as Lamborghini pulled back the drape on the Aventador LP700-4, the all-wheel-drive V12 sports car that replaces the Murciélago.
Mar
1st

Volkswagen Microbus reborn–again–at Geneva auto show:

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Ten years after Volkswagen hinted at a return of the iconic Microbus, only to cancel the project, it's ready to try again.
Mar
1st

GERMANY: VW acquires automobile trading business of Porsche Holding Salzburg

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Volkswagen has acquired the operating business of Porsche Holding Salzburg (PHS) as previously announced. The transfer of the automobile trading company took place at a value of EUR3.3bn today (1 March, 2011). The registered office and corporate headquarters will remain in Salzburg.
Mar
1st

GENEVA: Toyota reveals new sports coupe developed with Subaru

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Toyota's all but production-ready FT-86 II concept unveiled in Geneva this morning shows clearly how the new sports coupe developed jointly with Subaru will look when it goes on sale in 2012.
Mar
1st

MALAYSIA: Proton Q3 loss prompts share sell-off

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Proton Holdings reported a net loss of MYR60.1m (US$19.7m) in the third quarter (to December 2010), compared with a profit of MYR79.7m a year earlier, prompting a fall in its share price to a 14-month low on the Kuala Lumpur stock exchange yesterday.
Mar
1st

GENEVA: Opel aims for black numbers this year: Reilly

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Opel/Vauxhall has set itself an ambitious target of becoming profitable this year, despite poor fourth quarter results.
Mar
1st

GENEVA: Opel aims for profit this year – CEO

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Opel/Vauxhall has set itself an ambitious target of becoming profitable this year, despite poor fourth quarter results.
Mar
1st

PSA’s Varin optimistic on European market this year

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Philippe Varin, CEO of French carmaker PSA, believes the European car market is performing slightly better than expected so far this year, despite the carmaker's forecast of a flat European market in 2011 at the start of the year.
Mar
1st

Ford’s Mulally skips Geneva for IT trade fair

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Ford CEO Alan Mulally missed the glitter of the Geneva auto show to deliver a keynote speech in Germany at CeBit, Europe's leading IT fair.
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