PSA/Peugeot-Citroen wants to boost production at its factory in Trnava, Slovakia, to keep up with strong demand for the new Citroen C3 Picasso small minivan.
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European Union officials have called for "coordinated action and full respect" of EU state aid and internal market rules as General Motors' European units are restructured.
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German financial markets watchdog BaFin is investigating a possible market manipulation by Porsche Automobil Holding SE as it attempted to take over Volkswagen AG, the organization said on Tuesday.
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ACEA expects European new-car sales will fall by at least 25 percent in 2009 to about 11 million units. That decline is much higher than the European car manufacturers association's earlier forecast of 10 percent to 15 percent.
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ACEA expects European new-car sales will fall by at least 25 percent in 2009 to about 11 million units. That decline is much higher than the European car manufacturers association's earlier forecast of 10 percent to 15 percent.
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Nissan Motor on Tuesday said it would build electric vehicles (EV) at its Oppama plant in Kanagawa prefecture from autumn 2010.
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Suzuki Motor has booked a fourth fiscal quarter operating profit down 68% year on year to JPY10.45bn (US$106m) but nonetheless beat analysts' estimates.
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Spain will boost aid for car purchases to 2,000 euros for vehicles costing up to 30,000 euros, with half of the money coming from car manufacturers, Prime Minister Jose Luis Rodriguez Zapatero said on Tuesday
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Mercedes-Benz says the new E-Class is equipped with a new innovation that means it is the first car in the world where the headlamps continuously adjust to the respective traffic situation.
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A one-off non-cash gain of US$95m related to the deconsolidation of net assets associated with the administration [bankruptcy] of Visteon UK boosted Visteon Corporation's first quarter 2009 net income to $2m, or 2 cents per share, on sales of $1.35bn.
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It's a bit like one of those teenage parties when the breathing is getting dangerously heavy and someone switches the lights out.
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Mazda Motor has booked a fiscal year 2008/9 consolidated net loss of JPY71.5bn, blaming overseas affiliates' impairment losses and the release of deferred tax assets.
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GM CEO Fritz Henderson has told reporters that it is now 'more probable' that GM will enter bankruptcy in the US, though he also said 'there is still a chance for it to be done outside a bankruptcy'.
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Russian carmaker GAZ said on Tuesday it would be interested in creating a joint venture with Magna International and Opel. Canadian partsmaker Magna is vying against Fiat S.p.A. to buy General Motors' European business, centered around Opel.
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Nissan Motor has posted a net loss of JPY233.7bn for the full fiscal year ended 31 March 2009 and has forecast a fiscal year 2009/10 net loss of JPY170bn.
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Tumbling U.S. sales dragged Mazda Motor Corp. to a full-year operating loss, and the company warned that worse results will follow in the wake of the global market meltdown. Mazda today reported an operating loss of 28.38 billion yen, or $291.
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Mazda Motor Corp. suffered a net loss of 71.49 billion yen ($736 million) in the fiscal year that ended March 31, the carmaker said today. The loss was a turnaround from a profit of 91.84 billion yen, which the carmaker reported in fiscal 2007.
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Mazda Motor Corp. suffered a net loss of 71.49 billion yen ($736 million) in the fiscal year that ended March 31, the carmaker said on Tuesday. The loss was a turnaround from a profit of 91.84 billion yen, which the carmaker reported in fiscal 2007.
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Mazda Motor Corp. suffered a net loss of 71.49 billion yen ($73 million) in the fiscal year that ended March 31, the carmaker said on Tuesday. The loss was a turnaround from a profit of 91.84 billion yen, which the carmaker reported in fiscal 2007.
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Kia Motors, South Korea's No.2 automaker, aims to sell as many vehicles in 2009 as last year on growing demand for smaller cars, its president Chung Eui-sun said on Tuesday.
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