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Sep
18th

Hyundai Motor’s record $10 billion bid for trophy property alarms investors

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Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property.
Sep
18th

Lotus restructuring could lead to mass job cuts

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Lotus Elise Front
News 18 Sep, 2014

As many as 325 jobs could be lost at Lotus, thanks to cost-cutting measures at the British firm

Sep
18th

US: And now (drum roll), the Nissan Leaf truck…

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This is what happens when auto engineers at a technical centre need (a) a team building project and (b) a workshop hack truck.
Sep
18th

NADA calls on CFPB to accept dealer group’s anti-discrimination approach

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The National Automobile Dealers Association called on the Consumer Financial Protection Bureau to recognize NADA's Fair Credit Compliance Policy and Program as a valid way to avoid discrimination, at a CFPB hearing today in Indianapolis into...
Sep
18th

GM recalling natural gas-powered vans due to possible leak

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General Motors will recall about 3,200 vans powered by natural gas because of the possibility of a gas leak that increases the risk of a fire, the automaker said today.
Sep
18th

Nissan Sparky: electric pick-up charges in

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Nissan Sparky
News 18 Sep, 2014

Engineers at Nissan's Arizona-based Technical Centre develop Leaf and Navara-based EV pick-up, called the Sparky

Sep
18th

Fiat Chrysler locates new HQ in London’s West End

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Fiat will locate its new global headquarters in St James's Street in London's West End, opting for the most expensive office district in the world.
Sep
18th

INDIA: Apollo Tyres green lights Hungary factory

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Apollo Tyres plans to start production at a new EUR475m greenfield plant in Hungary by 2017.
Sep
18th

INDIA: Volvo wants to consolidate local units

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AB Volvo reportedly plans to group all of its independent operations in India "under one umbrella".
Sep
18th

Next Mercedes E-Class spied

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Mercedes-Benz E-Class 2016 front quarter
News 18 Sep, 2014

Heavily disguised Mercedes-Benz E-Class spied testing for the first time, ahead of its launch in 2016

Sep
18th

Mercedes E-Class test mule spied – pictures

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Pictures See all 4 picturesMercedes-Benz E-Class 2016 frontMercedes-Benz E-Class 2016 profileMercedes-Benz E-Class 2016 rear 18 Sep, 2014
Sep
18th

INDIA: Toyota plans sales push in rural markets

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Toyota Motor's Indian unit is planning to expand in rural India to boost sales of slow selling compact models, following rivals Maruti Suzuki and Hyundai Motor which do well outside major cities.
Sep
18th

INDIA: Honda eyes SUV segment

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Honda Cars India (HCIL) is considering launching an SUV.
Sep
18th

Mercedes opts for cloud-computing setup to protect data from hackers

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Mercedes is using a cloud-computing setup to protect data generated by vehicles as the industry moves toward driverless cars. Automakers are looking for ways to stop hackers from gaining information or even hijacking vehicles by remote control.
Sep
18th

US: Downturn prompted improved supplier understanding with DC: OESA

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American supplier association, OESA, says a positive spin-off to emerge from the catastrophic downturn of a few years ago, is a better understanding of the component industry by Washington.
Sep
18th

CHINA: Honeywell triples turbocharger capacity with new Wuhan plant

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Honeywell Turbo Technologies has opened its new turbocharger plant in Wuhan, tripling capacity in China where turbo adoption in new vehicles is expected to increase "significantly" from 23% now.
Sep
18th

Bentley adds models in Korea on rising ultraluxury demand

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Bentley is adding new models in South Korea as the brand sees increased competition for ultraluxury cars in the market. The automaker says its dealership in Seoul has seen a 133 percent jump in deliveries so far this year.
Sep
18th

US: Federal government wants to “supervise” nonbank auto lenders

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The US Consumer Financial Protection Bureau (CFPB) said it plans to oversee larger nonbank auto finance companies for the first time at the federal level after claiming to have uncovered "auto-lending discrimination" at banks.
Sep
18th

US: TRW stresses supplier global footprint support

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TRW says it needs its own suppliers to support a global footprint as OEMs increasingly move to worldwide platform production.
Sep
18th

SsangYong set to join expanding subcompact SUV segment

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SsangYong will preview two subcompact SUV concepts in Paris next month, ahead of the launch of a production model, the X100, next year. SsangYong is the latest automaker to join the fast-growing small SUV segment.
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