AvtoVAZ has announced a loss of 6.33 billion roubles (approximately US$200m) in the first quarter to March 31. The result compares with a net profit of 281m roubles in the same period of last year.
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Hyundai Motor has said that it has signed an agreement with South Korea's foreign ministry to help South Korean embassies purchase more of its vehicles.
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The European market for electric vehicles (EVs) could potentially grow to 480,000 units by 2015, according to Frost & Sullivan, which said it had revised last year's forecast of 250,000 EVs by 2015 "due to changing supply dynamics".
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Car sales in Latvia this year have shrunk to a fifth of year-ago levels according to a local dealer body.
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Prime Minister Vladimir Putin's government is the driving force behind Russia's interest in General Motor's German affiliate Opel, analysts say.
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Prime Minister Vladimir Putin's government is the driving force behind Russia's interest in General Motor's German affiliate Opel, analysts say.
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AvtoVAZ will slash working hours starting in June, Russia's largest car maker said on Tuesday, less than two months after the government unveiled a massive bailout plan meant to keep auto workers employed.
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Samsung has begun producing the new (2010MY) SM3 compact car in South Korea.
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South Korea's top technology university has been reported to have developed a plan to power electric cars through recharging strips embedded in roadways, using a technology to transfer energy found in some electric toothbrushes.
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A congressional subcommittee has asked bankrupt Chrysler to provide documents on its planned factory closings, with the panel's chairman saying lawmakers were not given a full accounting of the matter.
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Bentley's new green car has been spied blitzing the Green Hell.
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Bentley's new green car has been spied blitzing the Green Hell.
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Hundreds of French workers from German-owned Continental have burned tyres in front of Paris' old stock market as they attempted to increase pressure on the government ahead of talks about the planned closure of their plant in Clairoix, northern France.
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April vehicle sales in Thailand reached 39,713 units in April, 27.4% down on the same month last year.
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Porsche declined to comment on Tuesday on rumors that the carmaker could receive a 3-4 billion euro ($4.09-5.45 billion) investment from an unnamed Kuwaiti investor.
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Porsche declined to comment on Tuesday on rumors that the carmaker could receive a 3-4 billion euro ($4.09-5.45 billion) investment from an unnamed Kuwaiti investor.
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Renault will build a new niche car starting in 2010 at its factory in Novo Mesto, Slovenia, a company spokesman said.
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Renault will build a new small niche car starting in 2010 at its factory in Novo Mesto, Slovenia, a company spokesman said.
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Mexico is close to approving a plan to make funds available to carmakers struggling to keep their plants operating, according to the economy ministry.
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Ford plans to spend $55m converting a factory that used to make V8s to build its new V6 EcoBoost engines which the company says are 20% more fuel efficient than the V8s and will help it meet new fuel economy rules to be announced today (19 May) by President Obama.
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