This year could have been a record for Audi in the UK, with demand outstripping supply by about 10,000 cars. Even so the company expects to end the year with sales of more than 100,000, close to the record of 100,845 in 2008.
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Infineon, Europe's second-largest chipmaker, is supplying power semiconductors for Tesla Motors Inc.'s electric cars, CEO Peter Bauer said. Infineon declined to disclose financial terms of the deal. Tesla is backed by Toyota and Daimler.
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Ford, a relatively late starter in the market, will open 66 new dealerships in China by the end of the year, taking its tally of new dealerships there this year to 100 and total outlets to 340. The newer dealerships are located primarily in the fast-growing two- and three-tier cities located in western and northern China.
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Ford has today (25 November) announced the results of conversion offers that will reduce the company's outstanding automotive debt by more than US$1.9bn billion and lower its annualised interest costs by around US$180m.
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This month's new car sales (including fleet sales) are expected to be approximately 865,500 units, a 17.0% increase from November 2009 but a 8.1% decrease from October 2010, according to Edmunds.com. Retail sales are expected to be approximately 700,000 units, down from approximately 778,000 last month.
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Scientists, journalists and a slew of other alleged experts have all weighed in on the 2011 Chevrolet Volt, and now the only verdict that truly matters--the public's--will be rendered.
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US analysts believe American taxpayers will recoup almost all their investment in the USD50bn rescue of General Motors that saw the automaker return to Wall Street last week.
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Customer MP4-12C racer being readied by McLaren and Brit team CRS Racing.
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General Motors last night announced a US$163.2m investment in its operations in Flint and Bay City, Michigan, and Defiance, Ohio, to support engine production for the Chevrolet Volt and Cruze and a new Chevy small car to be built in the United States. The investment will protect 184 jobs at the three sites, the automaker said.
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Audi has outlined details for the Audi RS3 Sportback, planned for European sale next March. The RS3 uses a turbocharged 2.5-liter inline five-cylinder direct-injection gasoline engine borrowed from the TT RS.
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McLaren Automotive has announced that the MP4-12C will have a starting price of about 200,000 euros (about $267,200) with tax when it goes on sale in Europe early next year.
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To tell the difference between a truck-based SUV and a car-based crossover today, you need to check the technical specifications. Design is no longer a way to differentiate. The morphing is a result of the anti-SUV fervor that has spread worldwide.
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Fiat will unveil details of its investment plan for the historic Mirafiori plant in Turin at a key meeting with union representatives on Friday.
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Ford is adding 100 dealers in China this year, mostly in smaller cities in inland provinces where new car demand is surging, the company said today.
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General Motors Co. plans to invest $163 million at plants in Michigan and Ohio to add engine production for the Chevrolet Cruze, the Chevy Volt and an unnamed new small car.
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The 2011 Chevrolet Volt, an innovative plug-in hybrid, got not one but three different mileage ratings from the U.S. EPA Wednesday. On electricity alone, the Volt achieves the equivalent of 93 mpg (2.5 liters per 100km).
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Ford, seeking to regain an investment-grade credit rating, reduced its debt by more than $1.9 billion by paying investors in its convertible debt to exchange their notes for shares. Investors converted $554 million of 4.
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Honda, Mazda and Fuji Heavy Industries suspended business travel to South Korea, citing tensions after North Korea shelled its southern neighbor.
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Ford is pushing forward with expansion plans by adding 100 dealers to its Chinese network this year.
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