Mitsubishi Motors Corporation (MMC) and its distributor in Singapore Cycle & Carriage Automotive PTE Limited (CCA) has announced the signing of a cooperation agreement to collaborate on activities to 'popularize electric vehicles (EV) with the Singapore government'.
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Union representatives at United Steelworkers (USW) said today (19 November) the union has extended its contracts with Titan Tire at three facilities while negotiations for a new contract proceed.
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GM's European division is reorganizing faster than planned as higher car prices help limit losses this year, said unit head Nick Reilly. The division will lose $1.
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GM's European division is reorganizing faster than planned as higher car prices help limit losses this year, said unit head Nick Reilly. The division will lose $1.
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Volkswagen said it will invest about 51.6 billion euros (nearly $71 billion) in its automotive division in the next five years as it aims to pass Toyota as the No. 1 global automaker in sales and profitability by 2018.
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Volkswagen said it will invest about 51.6 billion euros (nearly $71 billion) in its automotive division in the next five years as it aims to pass Toyota as the No. 1 global automaker in sales and profitability by 2018.
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GM sold a $500 million stake in its initial public offering to Chinese partner SAIC Motor Corp., cementing ties that have helped the American company boost sales in the world's largest auto market. SAIC bought the 0.
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Toyota will launch an electric version of its iQ minicar in 2012, targeting urban commuters who drive short distances.
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Steven Rattner, former head of the U.S. autos task force, is seeking damages from Quadrangle Group LLC, the private equity firm where he previously served as managing principal.
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Honda, the only automaker currently selling a natural gas-powered car to U.S. consumers, plans to expand sales to most of the 50 states next year, up from four now, U.S. Executive Vice President John Mendel said.
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General Motors Co.'s $20 billion initial public offering will benefit creditors of the former GM, who made about $5 billion on the IPO and can buy millions of new shares for as little as a third of today's price.
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The strong demand for General Motors shares that emerged from U.S.
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European battery producer Saft and its automotive partner Johnson Controls are in talks with a number of local companies to enter the Chinese market for electric vehicles.
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Volkswagen of America will need to expand its dealer network after 2014, said Jonathan Browning, Volkswagen Group of America's CEO. The extra dealers will be needed to achieve VW's goal to sell 800,000 units annually in the United States by 2018.
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Alfa Romeo's selling price dropped by 80 percent this week to 20 billion euros.
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Porsche may develop a small SUV and a sports car smaller than the Boxster as it aims to double worldwide sales in the next three years.
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President Barack Obama said General Motors Co.'s return to the stock market shows the U.S. auto industry is on the rise and will result in taxpayers getting their money back from a government bailout.
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Executives for the Smart and Mini small-car brands expect interest in the U.S. subcompact segment to heat up with the arrival of the Fiat 500 from Italy.
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Porsche may develop a small SUV and a sports car smaller than the Boxster as it aims to double worldwide sales in the next three years.
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Wheego Electric Cars plans to launch sales across the United States in mid-December, despite lacking the Environmental Protection Agency certification that is needed to begin.
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