WITH VIDEO -- It was supposed to be a five-year anniversary celebration but it came off more as something of a victory party.
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GM said today it was prepared to purchase $2.1 billion of preferred stock held by the U.S. Department of Treasury upon completion of its public offering. The move marks another step by the automaker to repay $49.5 billion in federal bailout funds.
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Dodge is overhauling the Grand Caravan minivan and Avenger mid-sized sedan for the 2011 model year to fit the brand's new youthful, sporty image. Dodge released undisguised images of the two vehicles today.
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Pakistan's Suzuki assembler, which has yet to see any impact on sales after floods, has planned to increase production by 12% in calendar 2011. Pak Suzuki Motor Company, with a market share of over 50%, last week told suppliers its production target was 90,000 vehicles in 2011.
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China's First Automobile Works (FAW) and Volkswagen said they would jointly invest CNY15bn to build an auto plant in Chengdu, capital of Sichuan province.
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In News Brake: Nissan must recall more than 2 million vehicles, an Ohio collector pays $4.6 million for James Bond's Aston Martin, and we examine the new Dodge Grand Caravan and Avenger . . . But Wait, There's More!
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Japanese firm Fujikura Automotive, an electronics manufacturer for cars, said it would double production and personnel in its plant in Cluj, northwestern Romania, in 2011.
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Xavier Peugeot, global director of marketing and communications for Peugeot, said sales in China's passenger car market could still double over the next decade to well more than 20m cars a year despite recent predictions growth could slow.
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Nissan is recalling about 760,000 trucks in the United States and Canada to fix a faulty ignition relay.
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European vehicle manufacturers have been dealt a blow after the EU confirmed that it would impose a five-year anti-dumping tariff on imports of Chinese aluminium car wheels.
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State-controlled conglomerate Russian Technologies could sell a 4% stake in AvtoVAZ to Nissan after a share placement by the Russian car firm, Interfax reported, citing the conglomerate's CEO.
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The new Cadillac model that General Motors announced today will be aimed at the smaller models produced by BMW, Mercedes-Benz and other luxury brands.
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MOTORSPORTS EDITOR MAC MORRISON: This Golf TDI is an excellent little vehicle that's fun to drive and quite efficient.
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Hyundai apparently wants to create an urban legend.
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Bugatti introduced the Veyron supercar in India, undeterred by a 110 percent import tax that helps raise the retail price to $3.6 million.
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Limited edition BLACKCHERRY model heralds arrival of uprated C3 Picasso range.
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The Goodyear Tire & Rubber Company has reported a US$20m loss in its third quarter, despite its highest third quarter sales and tyre volumes since 2008.
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Headline news today that Nissan is recalling more than 2.1m cars globally due to a faulty engine control system attracts perhaps more attention that it should due the fact that there have been a number of high-profile such actions in the last year or so.
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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