The LA Auto Show, the largest on the US west coast, is typically the venue worldwide automakers showcase their latest green technologies. This year’s exhibition is no different, with a slew of automakers touting environmentally-conscious vehicles powered by everything from turbines to batteries. But LA is also the stage for some relevant design exercises, including the Nissan Ellure concept, Cadillac's Urban Luxury concept, Hyundai Elantra, the Dodge Charger and Durango, Nissan’s Quest minivan, the Ford Explorer, Subaru’s Impreza concept and the new Saab 9-4X.
General Motors' IPO announcement of up to US$23bn today (18 November) will see the US Department of the Treasury's stake in the automaker fall by nearly half.
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Renault-Nissan CEO Carlos Ghosn said the alliance's electric cars business may be profitable within three years as the two automakers plan to introduce new models. 'There are customers who want really zero emission cars,' Ghosn said.
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The U.S. government achieved its objective in the politically unpopular rescue of General Motors Co. and is prepared to relinquish majority ownership in the resurgent automaker, Obama administration officials said.
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GM shares finished their first day on the New York Stock Exchange up 3.6 percent amid heavy volume, closing at $34.19 -- a gain of $1.19 over its initial stock offering price of $33 a share.
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GM, which went bankrupt last year after almost a century on the New York Stock Exchange, advanced as much as 9.1 percent in its return to public trading following a $20 billion initial public offering. GM gained 6.6 percent to $35.16 at 10:08 a.m.
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General Motors Co., which went bankrupt last year after almost a century on the New York Stock Exchange, returns to public trading today following an initial public offering that raised more than $20 billion.
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President Obama has welcomed General Motors' return to the stock market insisting the US$23bn IPO - purported to be one of the largest ever - was a major milestone for the manufacturer and the US auto industry in general
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Nissan executive vice president Colin Dodge said that Japanese carmakers will continue to suffer from a strong yen next year although China will bolster the company's performance in 2011.
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Upmarket black and white theme for Landmark limited edition Discovery 4.
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Figures from the SMMT show that car production rose by 6% year-on-year to 112,798 units in October.
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Figures from the SMMT show that car production rose by 6% year-on-year to 112,798 units in October.
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Ford says it will drop its stake in Mazda Motor Corporation to 3.5% from 11% with the deal expected to close tomorrow. (19 November).
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General Motors has priced its common stock offering at the higher end of US$33 - potentially allowing the automaker to repay up to US$23.1bn of its US$50bn taxpayer bailout.
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Skoda wants to produce 500,000 cars in China in the future,.The Volkswagen Czech subsidiary produced 131,779 cars in China in 2009.
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Kia Motors has unveiled its all-new Optima Hybrid sedan at the Los Angeles Show, a vehicle created primarily with the US market in mind
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Kia Motors has unveiled its all-new Optima Hybrid sedan at the Los Angeles Show, a vehicle created primarily with the US market in mind
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Cars made in Britain are increasingly popular with customers in North America according to the latest JD Power and Associates 2010 US Sales Satisfaction Index.
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First came the Genesis sedan and coupe. The Sonata followed. Days away is the Equus.
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Business development at the Schaeffler Group remained on a high level in the third quarter of 2010.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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