Three Russian ministries have drafted a ruling that would encourage more complex CKD production by foreign car makers making vehicles in Russia under the industrial assembly regime, Vedomosti business daily reported Friday citing the draft ruling.
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Nissan Motor chief executive Carlos Ghosn has said the automaker plans to eventually overcome the high cost of making advanced batteries and make its all electric cars price competitive even without government subsidies.
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Geely Automobile's parent company is confident its bid for Volvo Car Corporation will be successful.
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Car sales at Volkswagen's Czech unit Skoda Auto rose 6.5% in the third quarter halting a first half decline as scrappage subsidies in Germany, its biggest market, and growing business in China pushed sales to 174,984 vehicles.
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This year will see over 3m new vehicle units sold in Brazil, including commercial vehicles, nearly 7% growth and better than expected.
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Global car sales are expected to grow about 6% to 65m vehicles in 2010 as the financial crisis ends, helping demand revive, Hyundai Motor Group's research unit said on Friday.
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Volkswagen's new Amarok pickup truck will go into production in Argentina before the end of this year and vehicles will begin to be exported from the first quarter of 2010.
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An Indian parts supplier strike on since 21 September that has already shut a Ford plant in Canada will now cause General Motors to idle one factory and cut a shift at another, a source told Bloomberg News.
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United Auto Workers members at two more Ford plants have rejected a concession deal agreed between national union leaders and the automaker.
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British business secretary Peter Mandelson has said Britain was closer to agreeing finance package to support Magna's takeover of General Motors operations in Europe.
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Germany's economy minister has distanced himself from comments by a party colleague who had said the new government in Berlin would review the previously agreed sale of General Motors unit Opel to Canada's Magna.
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Volkswagen AG's premium Audi brand expects its fourth-quarter operating profit to exceed the 348 million euros ($515.8 million) earned in the third quarter, its finance chief said on Friday.
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Volkswagen AG's premium Audi brand expects its fourth-quarter operating profit to exceed the 348 million euros ($515.8 million) earned in the third quarter, its finance chief said on Friday.
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Volkswagen AG's premium Audi brand expects its fourth-quarter operating profit to exceed the 348 million euros ($515.8 million) earned in the third quarter, its finance chief said on Friday.
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Renault group revenues declined 11.3% to EUR8.1bn year on year in the third quarter of 2009, a shallower decline than than in the first (-30.8%) and second quarters (-16.9%) but the automaker said orders in the third quarter continued the positive trend of previous quarters and fourth quarter production was expected to be more than 50% higher than the same period of 2008.
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Zhejiang Geely Holding, the parent of Geely Automobile, is confident about its bid for Ford Motor Co.'s Volvo car unit, chairman Li Shufu said on Friday. Geely Holding is leading a consortium that includes both domestic and foreign banks.
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Zhejiang Geely Holding, the parent of Geely Automobile, is confident about its bid for Ford Motor Co.'s Volvo car unit, chairman Li Shufu said on Friday. Geely Holding is leading a consortium that includes both domestic and foreign banks.
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Car sales at Volkswagen AG's Czech unit Skoda grew 6.5 percent in the third quarter, reversing a decline in the previous two quarters, the company said on Thursday.
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Renault SA said positive trends carried over into the third quarter from the second and sales declined less sharply than earlier in the year.
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The House on Thursday passed a bill to raise limits on federally guaranteed loans to small businesses including auto dealerships to $3 million, putting pressure on the Senate to approve similar legislation.
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