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NewsTata sells 203,000 Nanos in 2 1/2 weeks; most buyers go for options
More than 203,000 people have bought the ultra-cheap Nano car in India, yielding sales of 25 billion rupees (US$512.6 million), Tata Motors said Monday. The sales are significant in a country where just 1.5 million passenger cars were sold last year _ and where the Nano was on sale only …
New ModelsPatent Drawings Unveil Stretched E-Class
It’s pretty common for secretive automotive innovations to come to light through patent offices and their relatively lax security measures. Mazda’s facelifted MX-5 and Nissan’s 370Z roadster both made premature debuts thanks to the European Union’s patent office, and now Mercedes has that same office to thank for the unveiling …
NewsFiat aims for Opel deal without running up debt
Fiat Group SpA aims to take over General Motors Corp.'s main European unit without running up debt in a deal that could require billions of dollars in government loan guarantees, Germany's economy minister said Monday. Fiat's concept _ part of a wider plan to build a global powerhouse also including …
NewsChrysler will file for Chapter 11 bankruptcy
Chrysler will file for bankruptcy after talks with a small group of creditors crumbled just a day before a government deadline for the automaker to come up with a restructuring plan, President Barack Obama said Thursday. The Obama administration said it had long hoped to stave off bankruptcy for the …
NewsHonda Canada commemorates milestone of 5 millionth vehicle made in Canada
Honda Canada Inc. today commemorated the 5 millionth vehicle made in Canada at its Honda of Canada Mfg. vehicle manufacturing facility in Alliston, Ontario. This milestone reflects Honda's commitment to Canada since it began manufacturing vehicles here 23 years ago. The 5 millionth vehicle built - a 2009 Honda Civic …
NewsManufacturers React to Swine Flu
It’s all too easy to think of the automotive marketplace and industry as a completely insular world, affected only by such abstract nouns as “the economy” and such. However, as the ongoing swine flu outbreak has taught us, it’s anything but, as Honda and Denso have both already restricted international …
NewsGM to cut 21,000 US factory jobs, shed Pontiac
General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to take more than half its stock in exchange for half of GM's government debt as part of a major restructuring that would leave current shareholders …
NewsAston Martin tests V12 Vantage at Nurburgring Endurance Event
It’s almost de rigueur for manufacturers to take their performance-themed automobiles to the Nurburgring for testing. Porsche and BMW have used the punishing circuit for decades, and it hasn’t taken long for other manufacturers to see the benefit of testing on the world’s fastest public road. However, Aston Martin is …
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