Prices of second-hand cars in India, primarily compact models, have fallen 15-20% in the last few days in what an Indian newspaper has dubbed "the Nano effect".
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Analysts remain cautious over whether recent sales rises in the key emerging auto markets of China and India signal the start of a sustained recovery after volumes plunged in the second half of last year due to the global credit crunch.
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Beijing Automotive Industry wants to buy non-core assets from Delphi, according to a Chinese report.
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New model launches are fundamental to market success in the tough economic climate, Jato Dynamics said after analysing European new car sales in February.
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Morgan Stanley downgraded preferred shares of Germany's Volkswagen to "underweight" from "equal weight," and estimated net liquidity to decline by 16 million euros a day in 2009, resulting in a modest net debt position within 18 months.
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The global economic slowdown has not stopped Plastic Omnium's emerging market expansion. The French supplier plans to boost its manufacturing presence in China, India and Russia this year.
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The global economic slowdown has not stopped Plastic Omnium's emerging market expansion. The French supplier plans to boost its manufacturing presence in China, India and Russia this year.
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Desirable drop-top model targets BMW's 3-Series Convertible with folding metal roof!
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Production of MR2 stopped in 2007; new car will be a coupé instead of roadster
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German carmaker Opel and its U.S. parent General Motors have, to the knowledge of the German government, sufficient financing to see them through into April, a junior economy minister said today.
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German carmaker Opel and its U.S. parent General Motors have, to the knowledge of the German government, sufficient financing to see them through into April, a junior economy minister said today.
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Volkswagen brand engineers want to install components in the Up that would make it too expensive for Skoda and Seat, a VW group engineer told Automotive News Europe.
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Model gets raft of tweaks over saloon.
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Flared wheelarches and raised ride height give SUV muscular look.
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Pictures of new Acura crossover leaked ahead of its official New York launch.
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Lotus' mid-engined 2+2 sports car is opening up for 2011.
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Entry level models set to tip the scales at £72,266...
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Russian carmaker AvtoVAZ needs 26 billion rubles ($753 million) to keep running and is asking the state for extra capital through a share issue, or through its parent firm, CEO Boris Alyoshin said.
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BMW Group CEO Norbert Reithofer warned that the premium automaker could lose money if the current global sales downturn continues for the rest of in the year. "For 2009, the largest risk is the collapsing market.
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BMW today said it would focus on managing its finances to ensure its independence during 2009, a transition year in which car markets will drop as much as 20 percent.
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