The Nano may be available in the US within two years, the chairman of the car's owner Tata Motors has said.
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New vehicle sales in Indonesia declined by 34.4% in May to 32,500 units, compared with 49,561 units a year earlier, according to preliminary data released by PT Toyota Astra Motor - Toyota's local distributor.
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American Axle & Manufacturing (AAM) has been told by the New York Stock Exchange that it has regained compliance with NYSE's continued listing standards. The company also said that the recent production shutdowns by GM and Chrysler could hit sales by hundreds of millions of dollars.
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Now that Fiat has apparently lost out in the bidding for Opel/Vauxhall, speculation has risen concerning alternative strategies that Fiat might employ to become part of a carmaking group with bigger scale. PSA Peugeot Citroen is in the frame again.
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Yet another neophyte manufacturer has thrown its hat into the electric-vehicle ring.
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The lowest rung on the Chevrolet car ladder currently is home to the Aveo. But that car is scheduled to be replaced midway through 2010 with a new model.
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Ford Motor Co. has agreed to provide at least $125 million of financing to support former parts unit Visteon Corp.'s restructuring under Chapter 11 bankruptcy protection, Visteon said today.
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A 1936 Bugatti Type 57C coupe, built as a gift for Ettore Bugatti, will be on the block at Gooding and Co.s auction during the Pebble Beach Concours dElegance this August.
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Mann + Hummel, the German filter company, has announced plans to open a second plant in India via a joint venture with Bosch.
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Russia's Sberbank and iMagna International will give Opel a 500 million euro ($708.4 million) cash injection to help the automaker save jobs while totally restructuring its assets abroad.
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Russia's Sberbank may resell its stake in Opel to a Russian investor in the future, its head said on Thursday. CEO German Gref said Sberbank and its partner in the winning consortium for Opel, Magna International, will commit 500 million euros($708.
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Data released by JD Power Automotive Forecasting shows that car sales in Western Europe fell by just 4.2% in May, versus last year. However, the result was distorted by scrapping incentives which provided a powerful boost to demand in a number of countries.
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New car and light commercial vehicle sales in Hungary fell 64% to 5,297 in May from the same month a year earlier, the steepest drop ever, reported the business daily Napi Gazdasag.
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GM Europe CEO Carl-Peter Forster believes that Opel can be a profitable business again before 2013, he has told a German business newspaper.
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U.S. consumers are waiting to buy new vehicles until Congress reaches a decision on the cash-for-guzzlers bill, two automotive companies' surveys have shown.
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Toyota's new Prius hybrid was Japan's best-selling vehicle in May with monthly sales of 10,915 units. The Prius outsold Honda's Insight hybrid, which topped the sales chart in April - a first for a hybrid.
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Hyundai Motor America is urging Congress to quickly pass the cash-for-guzzlers bill that would provide cash payments to consumers who trade in older, less fuel efficient vehicles for newer ones that provide higher gas mileage.
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Ssangyong's upcoming crossover vehicle - the C200 - has reportedly been delayed because of the firm's ongoing industrial relations troubles in Korea.
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General Motors does not expect U.S. regulatory scrutiny to hold up its tentative agreement to sell Hummer to a Chinese machinery maker, CFO Ray Young said.
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