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Nov
16th

CHINA: Beijing Auto unveils EV

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Beijing Auto (BAIC) has unveiled its first self-developed electric car. Full story...
Nov
16th

EU: October car market up 11.2% in Europe

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Car sales in Europe rose by 11.2% over a year earlier according to data released by the European carmakers' association ACEA. Full story...
Nov
16th

SWEDEN/US: Saab dealers ‘running out of cars’

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Saab, retooling its factory in Sweden to build the new 9-5 early next year - its first new model in seven years - has cut output so much that dealers in the US are running out of new cars to sell. Full story...
Nov
16th

US: Ghosn optimistic on demand for EVs

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Demand for electric vehicles in the US will far exceed current forecasts, Carlos Ghosn, CEO of Nissan and Renault told an audience of environmentalists, government regulators and media in Los Angeles where he kicked off a 12-month tour by the Leaf prototype. Full story...
Nov
16th

Serbian Fiat Punto production halts due to fire

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Fiat Punto production in Serbia's Zastava factory will stop for about two weeks following a fire that damaged a production hall. Full story...
Nov
16th

US: GM to repay US$6.7bn loan sooner than expected

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GM, due to unveil its first post-bankruptcy earnings report on Monday, will start repaying US$6.7bn of the US$49.9bn in aid it received from the US Treasury by the end of the year, five years sooner than required, according to media reports in Detroit at the weekend. Full story...
Nov
16th

GM’s Henderson sees signs of progress, reason to be cautious

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GM CEO Fritz Henderson stuck to a theme in announcing a third-quarter loss after exiting bankruptcy and in outlining plans to repay U.S. loans early: Things are looking better, but we've got a long way to go. Full story...
Nov
16th

GM posts $1.2 billion loss, says it will begin to repay U.S. loans

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General Motors Co. posted a $1.15 billion loss during the third quarter after its exit from bankruptcy and said reduced costs and strengthening sales would allow it to begin repaying $6.7 billion in U.S. loans. Full story...
Nov
16th

GM to start repaying U.S. government loan

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GM announced today it plans to start repaying a $6.7 billion loan to the U.S. Treasury by year-end due to modest operating improvements. Full story...
Nov
16th

GM to start repaying U.S. government loan, source says

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GM will announce today it plans to start repaying a $6.7 billion loan to the U.S. Treasury by year-end due to modest operating improvements, a source knowledgeable about the situation said. Full story...
Nov
16th

GM can forget past Opel-aid pledges, minister says

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Previous German pledges to provide state aid to carmaker Opel no longer apply now that General Motors Co. has said it can restructure its European arm alone, German Economy Minister Rainer Bruederle said. Full story...
Nov
16th

GM can forget past pledges of Opel aid, economy minister says

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Previous German pledges to provide state aid to carmaker Opel no longer apply now that General Motors Co. has said it can restructure its European arm alone, German Economy Minister Rainer Bruederle said. Full story...
Nov
16th

Make like a tree and Leaf: We drive Nissan’s coming electric vehicle:

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From behind the wheel, the production version of the Nissan Leaf electric car is smooth and silent, feels nearly friction-free and offers all the prodigious torque inherent in an electric car. Full story...
Nov
16th

THAILAND: Mazda 2 launched in Thailand

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Mazda unveiled the new locally-made Mazda 2 sub-compact in Thailand on Monday, produced at the AutoAlliance (Thailand) plant in Rayong. The model is fitted with a 1.5 litre petrol engine and is compatible with the E20 petrol-ethanol fuel blend. Full story...
Nov
16th

Michelin to invest $870 million to open India plant

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French tiremaker Michelin SA said on Monday it would invest 40 billion rupees ($870 million) to build a tire manufacturing unit in the southern Indian state of Tamil Nadu. Full story...
Nov
16th

Europe October car sales rise 11%

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European passenger-car sales rose 11.2 percent in October, with a marked contrast between western European markets, which grew strongly, and eastern European markets which tumbled, industry association ACEA said on Monday. Full story...
Nov
16th

11% rise for Europe October car sales; 10-month volume down 5%

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European passenger-car sales rose 11.2 percent in October, with a marked contrast between western European markets, which grew strongly, and eastern European markets which tumbled, industry association ACEA said on Monday. Full story...
Nov
16th

Beijing Auto joins China’s EV race

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Beijing Auto has unveiled its first self-developed electric car, joining domestic rivals to tap potential demand for clean energy cars. Full story...
Nov
16th

China’s Beijing Auto unveils electric car

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Beijing Automotive Industry Holding Corp (BAIC) has unveiled its first self-developed electric car, joining domestic rivals to tap potential demand for clean energy cars. BAIC, a partner of Daimler AG and a failed bidder for General Motors Co.' Full story...
Nov
16th

JLR gets 170 million pound loan, report says

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Jaguar Land Rover wass expected to announce on Monday that it has secured 170 million pounds ($282.5 million) in working capital from GE Capital, the Financial Times newspaper said. Full story...
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