Amsterdam expects almost all cars, vans and mopeds in the city will run on electricity by 2040. The Dutch city today announced plans to build 200 charging stations in the next two years.
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Ford of Europe is increasing its new-car prices in the UK and Russia in response to the falling value of the British pound and the Russian ruble. Ford will increase the prices of new cars in Russia by 5 percent and by 3.75 percent in the UK.
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Porsche Automobil Holding SE has secured a last-minute deal to refinance a 10 billion euro ($13.6 billion) loan for its takeover of Volkswagen AG, paving the way for a possible stake increase.
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Porsche is expected to report pretax first fiscal half pretax profit of EUR3.65bn (US$4.91), a poll of analysts showed.
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Tata Motors Ltd. , the Indian automaker that bought Jaguar and Land Rover last year, had its credit rating lowered by Standard and Poor's because of cash and debt concerns.
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Standard and Poor's Ratings Services today lowered its corporate credit rating on India-based automaker Tata Motors Ltd. to B+ from BB-.
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Tata Motors Ltd. , the Indian automaker that bought Jaguar and Land Rover last year, had its credit rating lowered by Standard and Poor's because of cash and debt concerns.
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Autoliv, the world's biggest maker of air bags and seat belts, said today that it would raise $364 million in a stock offering, with the money helping to boost its balance sheet.
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First drive of new Golf GTI, Jaguar's new XF estate, World's cheapest car driven, Micro MINI on the way
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Carmaker Tofas, a joint venture of Turkish conglomerate Koc Holding and Fiat, sees its 2009 revenue falling below last year's, but the company hopes to maintain the same profit level.
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Honda Motor and GS Yuasa will form a joint venture on 1 April to develop and lithium-ion batteries for hybrid vehicles.
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Honda Motor and GS Yuasa will form a joint venture on 1 April to develop and lithium-ion batteries for hybrid vehicles.
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Japanese new vehicle sales are expected to fall to the lowest level in more than three decades over the coming year as the global economic downturn crushes demand for cars, the Japan Automobile Manufacturers Association said.
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Ford has increased its UK prices by an average of 3.75% citing the continued weakness of the pound against the euro, which this week edged even closer to parity (GBP1 = EUR1.085 Wednesday morning). The rise applies to all new orders after 31 March.
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Nissan and San Diego Gas & Electric (SDG&E), the utility company operating in the San Diego, California, region, are forming a partnership to develop an electric vehicle (EV) charging network.
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British luxury car retailer HR Owen, which sells Bentleys, Ferraris and Maseratis, said its 2008 pretax profit halved as the economic slowdown bit.
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British luxury car retailer HR Owen, which sells Bentleys, Ferraris and Maseratis, said its 2008 pretax profit halved as the economic slowdown bit.
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British luxury car retailer HR Owen, which sells Bentleys, Ferraris and Maseratis, said its 2008 pretax profit halved as the economic slowdown bit.
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Our spies have caught new JCW Clubman completely undisguised.
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This year's biennial Tokyo Motor Show will have only about half the number of exhibitors as in 2007 because many US and European auto firms have withdrawn amid a deepening industry slump, the Japan Automobile Manufacturers Association said, noting that 122 companies from nine economies are registered for 2009, compared with 241 companies from 12 economies two years ago.
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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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