Nissan's new Russian factory will operate at about half of its installed capacity during the first year of operations, a company executive said. Nissan will begin building Teana large sedans and X-Trail SUVs at a new plant in St. Petersburg in April.
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Volkswagen expects to make a profit this year, CEO Martin Winterkorn said. VW reported preliminary full-year results for 2008 that showed a 3 percent rise in operating profit to a record 6.33 billion euros ($8 billion).
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Tata Motors, India's largest vehicle maker, is in talks to raise about $100 million by selling a stake in a group firm, the Economic Times reported on Tuesday, citing a person familiar with the situation.
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Volkswagen expects to make a profit this year, CEO Martin Winterkorn said. VW reported preliminary full-year results for 2008 that showed a 3 percent rise in operating profit to a record 6.33 billion euros ($8 billion).
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General Motors' Swedish unit Saab will speed up talks this week with a number of potential suitors, according to a Wall Street Journal story citing a top executive of the company.
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General Motors' Swedish unit Saab will speed up talks this week with a number of potential suitors, according to a Wall Street Journal story citing a top executive of the company.
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General Motors' Swedish unit Saab will speed up talks this week with a number of potential suitors, according to a Wall Street Journal story citing a top executive of the company.
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Toyota Motor Corp. has applied for a loan backed by the Japanese government to help its finance arm cut funding costs as the global crisis tightens access to credit, a company official said today. Toyota, facing an operating loss of $4.
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A Toyota Motor Corp. financial services unit has applied for about $2 billion in loans backed by the Japanese government as the financial crisis threatens funding at the world's biggest automaker, media reports from Japan said.
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After-tax profit at Volkswagen Group rose 14 per cent in 2008 to 4.7 billion euros (5.9 billion dollars) before the automotive market turned sour, Europe's biggest carmaker said Monday.
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Tesla Motors began taking orders yesterday from customers in Canada, and will begin delivering Canadian cars later this year. This is great news for Canada's many car enthusiasts, including scores of Tesla fans who have written passionate e-mails over the years about why Tesla should go north. We listened to you - and we look forward to delivering your cars starting in the fourth quarter of 2009.
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Volkswagen has announced further details on their latest Polo- a car the German manufacturer says has the most mature and high-end image in its class. Set for launch at this weeks Geneva Motor Show, a press release yesterday highlighted improvements made to safety, fuel economy and performance.
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Canada's Environment Minister, Jim Prentice, says that Canada aspires to become part of a stringent North American fuel efficiency standard for the continents highly integrated auto industry.
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Tesla Motors began taking orders yesterday from customers in Canada, and will begin delivering Canadian cars later this year. This is great news for Canada's many car enthusiasts, including scores of Tesla fans who have written passionate e-mails over the years about why Tesla should go north. We listened to you - and we look forward to delivering your cars starting in the fourth quarter of 2009.
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Poor weather hindered Formula 1 testing at Jerez de la Frontera again today, as rain hit the third day of work at the Spanish circuit.
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The closed-door shakedown of Toro Rosso's new 2009 single seater takes place today (Tuesday), an authoritative Swiss newspaper claims.
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The Force India Formula 1 team could have objected to Mercedes-Benz's likely deal to supply engines this year to the beleaguered Honda team, Indian billionaire Vijay Mallya revealed.
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2003 Indianapolis 500 winner Gil de Ferran returned to the cockpit of an Acura prototype in the American Le Mans Series last season for de Ferran Motorsports, which he owns.
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With yesterday's session being washed out by heavy rain showers, the Formula 1 teams testing at Jerez, Spain were keen to make the most of the dry and sunny conditions today.
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2003 Indianapolis 500 winner Gil de Ferran returned to the cockpit of an Acura prototype in the American Le Mans Series last season for de Ferran Motorsports, which he owns.
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