The European Investment Bank (EIB) has approved EUR750m (US$1.02bn) in loans to European Union carmakers to invest in environment-friendly technologies.
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Hyundai Mobis is in talks with BMW and Volkswagen which could result in the first supply deal between a South Korean company and German carmakers.
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Toyota Motor on Wednesday said it expects to cut global vehicle production 28% this year as the economic downturn continues to bite.
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Fiat union officials, who fear job losses if the company pushes ahead with plans to buy GM Europe's Opel and Vauxhall operations, are meeting with their German counterparts to discuss the situation.
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Chinese automaker Chery is considering spending $700m on a manufacturing facility in Brazil as part of its strategic decision to grow the brand here this year.
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New Astra and Calibra revealed, Auto Express Product Awards 2009 - the winners, Barcelona Motor Show round-up
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London car show is axed due to economic downturn – but organisers say it could return in 2012
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Get a load of Ford’s new Fiesta Van! This is the flagship Sportvan model, which is based on the top-spec Zetec-S supermini.
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"The only part of the Astra which isn't new is its name," said Vauxhall marketing director Andy Gilson as the General Motors Europe UK unit released first pictures of the redesigned C-segment model today.
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A number of GM executives have liquidated their remaining GM stock, helping to send the GM share price down to new depths.
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Engineering and automotive consultancy Ricardo cut its view for full-year earnings on Tuesday, blaming market conditions.
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German supplier Schaeffler provoked an angry response from powerful trade union IG Metall on Wednesday when it announced that it may have to cut 4,500 jobs as the global slump eats into sales.
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GM will come out fighting at the Detroit SHow despite recent troubles.
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Iconic British brand in talks with government over possible bail-out plan.
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Chrysler LLC's bankruptcy may take as long as two years, instead of the two months that U.S. President Barack Obama suggested as a target, Bloomberg said, citing an administration official.
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Chrysler LLC's bankruptcy may take as long as two years, instead of the two months that U.S. President Barack Obama suggested as a target, Bloomberg said, citing an administration official.
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Chrysler LLC's bankruptcy may take as long as two years, instead of the two months that President Barack Obama suggested as a target, Bloomberg said, citing an administration official.
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Lexus' long-awaited supercar laps the 'ring in production ready form
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Vauxhall sets its sights on Ford Focus as it releases first pictures and full details of best-selling hatchback
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Daimler, the world's largest commercial vehicle maker, plans to cut at least several hundred jobs at its Mitsubishi Fuso subisidiary, mainly among its Japanese sales team, a source told Reuters.
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