Ford Motor Co is believed to be looking to sell its Volvo subsidiary for as much as US$6bn, a report said today. That would be close to what the US giant paid for Volvo 10 years ago.
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New car registrations in the UK fell 36.8% in November over the same month last year to 100,333 units, figures out today said.
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The US vehicle market will contract by about 5% in 2009, a senior Honda Motor executive has said, adding that the company may reduce production further.
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US-based partsmakers Remy International and International Automotive Components Europe will close production plants in Poland next year.
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It's Chico time at VW! Auto Express has learned that the firm is planning to extend the up! range with a two-seater Smart ForTwo rival.
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Lightweight E-Motion looks dramatic, and under skin is hi-tech electric powertrain.
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We do the detective work to reveal that ex-police cars make good used buys. They’re well maintained and specced – and very cheap!
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Can a real-life version of a PlayStation star match it for thrills? Our man went extreme off-roading in a MotorStorm 4x4 to find out.
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Production lines to be stopped for longer periods over Christmas due to crisis.
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The UK is the latest European market to report a steep plunge in new-car sales in November. Car sales in the UK fell 36.8 percent to 100,333 units compared with a year earlier, the country's industry body said Thursday.
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General Motors has suspended construction of a US$450m diesel engine plant in Thailand as the company struggles to save cash in the face of a global demand slowdown.
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Toyota Kirloskar - a joint venture between Toyota Motor and Kirloskar Motors India - has put the launch of the Prius hybrid on hold because it cannot price the car competitively against its Honda rival.
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The Ranjagoan, Pune, manufacturing plant owned by a 50/50 Fiat Group and Tata Motors JV has capacity for 330,000 engines a year and plans to export to other vehicle manufacturing facilities overseas.
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Ford Motor is seeking to sell Volvo for as much as $6 billion, and is using JPMorgan Chase and Co as an adviser, Bloomberg reported on its Web site on Wednesday.
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The Swedish government is discussing a package of measures to cushion the economy from the blow of the global financial crisis, including assistance to the auto industry, a government source said on Thursday.
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General Motors and Chrysler are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions.
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General Motors CEO Rick Wagoner will make a visible attempt to impress lawmakers with GM's technology tomorrow morning. He will drive from his hotel to the Russell Senate Office Building in one of GM's prototype electric-hybrid vehicles.
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George Nahas owned only an Oldsmobile dealership when General Motors announced in 2000 that it would kill the brand. So he moved on -- to Saturn.
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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