Oct
27th
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Mitsubishi Motors and trading house Mitsubishi Corporation are to set up a Chinese joint venture to import and sell vehicles. Read more ...
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Oct
27th
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Toyota production in Japan fell 3.5% year on year to 347,639 units last month. Total group production including Daihatsu and Hino fell 1.9% to 426,276. Read more ...
Oct
27th
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Mitsubishi Motors (MMC) is to cut production at its factories in Japan by up to 100,000 units in five months from November due to slow sales. Read more ...
Oct
27th
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Both BMW and Daimler are to idle factories in Germany due to slumping global demand. Read more ...
Oct
27th
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Daimler will go ahead with an 800 million euro investment to build a manufacturing plant in Hungary, despite the global financial crisis, the German carmaker said on Monday. Read more ...
Oct
27th
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Daimler will go ahead with an 800 million euro investment to build a manufacturing plant in Hungary, despite the global financial crisis, the German carmaker said on Monday. Read more ...
Oct
27th
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Porsche plans to gain control of more than 75 percent of Volkswagen in order to pass a domination and profit transfer agreement that would grant it full control of VW's cash flows, Porsche said on Sunday. Read more ...
Oct
27th
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Back in the day, there were two kinds of American car guys. In one camp were the Chevy men; in the other, Ford disciples. The two segments were large, and largely immiscible. Read more ...
Oct
27th
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General Motors Acceptance Corporation (GMAC) is scaling back its Australian and New Zealand operations with the loss of 185 jobs. Read more ...
Oct
27th
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General Motors Europe will have more temporary plant shutdowns this year and next year because of likely poor financial results and collapsing sales of its key Opel brand. Read more ...
Oct
27th
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A recovery in European car sales, expected by many to start in 2010, may not happen until 2011, says investment bank Goldman Sachs. Passenger car sales in western Europe are set to drop to 11.2 million in 2010 from a projected 13. Read more ...
Oct
27th
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AvtoVAZ needs a $1 billion (about 770 million) loan to keep its business running. Russia's largest automaker requires the cash to finance the cars it delivers to its dealers, Boris Aleshin, AvtoVAZ president, said in an interview here. Read more ...
Oct
27th
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Ajay Singh may be the most optimistic auto executive in Europe. While most European executives worry about the slowdown in their home region, Singh, 42, chairman of India's Argentum Motors, is treating Europe like an emerging market. Read more ...
Oct
27th
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Mazda aims to replace Ford Motor Credit Company as its dealer finance provider in Europe by year-end. Read more ...
Oct
27th
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Audi has decided it needs to stop running its Chinese operations from headquarters in Ingolstadt. Read more ...
Oct
27th
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Audi is building a 120 million assembly line in China to help boost sales in its biggest market after Germany. The move is part of Audi's plan to double its sales in China to 200,000 by 2015. Read more ...
Oct
27th
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Londoners were doing double takes as they spotted this jet-black Hummer H3 parked near the Royal Academy of Arts earlier this month. Read more ...
Oct
27th
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Continental CEO Karl-Thomas Neumann said that supplier consolidation will accelerate in the current industry crisis. Neumann said that this year, between 200 and 300 suppliers will be bought or disappear. Read more ...
Oct
27th
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With key markets declining, John Fleming faces the toughest task of his career to maintain Ford of Europe's four-year run of profitability. Read more ...
Oct
27th
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General Motors dealers are fleeing GMAC Financial Services and#x2014; the nation's No. 2 auto lender and#x2014; as a source of inventory financing and consumer loans. Read more ...