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Showing 20 results out of 10000

News

UK: GM's Vauxhall increases pension fund contributions to counter shortfall - report

The hole in the pension fund at Vauxhall more than doubled last year to £349m ($US 399 million), prompting the UK arm of General Motors to increase its contributions to the fund, the Financial Times (FT) said.

News

VIETNAM: Car sales accelerate in first nine months as new taxes loom - report

Vietnamese car sales grew a record 42% in the first three quarters, as buyers rushed to beat next year's new taxes that are expected to push prices up, the Vietnam Investment Review reported.

News

AUSTRALIA: Last-ever Chrysler Valiant still a cherished delivery miles museum piece - paper

The last Australian-designed and built Chrysler Valiant, produced more than 22 years ago, has sold at auction for more than four times its original price, according to the Malvern Prahran Leader.

News

FRANCE: New Renault Clio out in January - report

Renault said on Monday it would launch a revamped version of its small Clio car range at the start of next year, Reuters reported.

News

CZECH REPUBLIC: Skoda chief says higher vehicle quality contributes to slow European sales - report

If the head of Skoda Auto is right, Europe's sluggish car market is in part a product of rising quality, as drivers keep their vehicles longer, Reuters reported.

News

CHINA: Tokai Rika establishes Chinese and South Korean joint venture in Suzhou

Tokai Rika said on Monday it has set up an automotive parts unit in Suzhou, eastern China, jointly with Chinese and South Korean companies, Jiji Press reported.

News

USA: Ford recalling 343,250 Windstar minivans to replace seat latches - report

Ford said on Friday that it will recall 343,250 Ford Windstar minivans worldwide after a US government compliance test showed that a rear seat could become dislodged in a crash, Reuters reported.

News

USA: GM to offer amoured Cadillacs - report

General Motors this month will begin taking orders for a fully armoured Cadillac Deville, Dow Jones reported. Options include run-flat tyres, a reinforced steel frame and bullet-resistant glass that won't shatter into the cabin of the car, the report added.

News

USA: Toyota beats Ford to world number two slot in third quarter - report

For the first time, Toyota has gained the title of world's second-largest car maker in the third quarter, as it outsold Ford by 166,000 vehicles, Reuters reported.

News

JAPAN: US drags Mitsubishi deep into H1 red but outlook a little brighter - report

Mitsubishi Motors sank into losses for the fiscal first half on bad car loans and weak sales in North America, forcing the Japanese manufacturer to acknowledge it was stumbling in the third year of a turnaround under a partnership with DaimlerChrysler, Associated Press (AP) reported.

News

THAILAND: India's Tata eyes investment opportunities - report

Tata Motors, India's largest vehicle company, is exploring investment opportunities in Thailand as the country could serve it well as a production base, a Tata senior official said on Tuesday, according to Dow Jones Newswires.

News

INDONESIA: Interest rate drop spurs October vehicle sales - report

New vehicle sales in Indonesia rose 4.6% month on month to 35, 992 units in October, as a recent drop in interest rates spurred demand for car loans, Dow Jones Newswires reported.

News

USA: Chrysler celebrates 20 years of minivans

Chrysler Group is celebrating its claimed ‘invention’ of the "magic wagon", or minivan, 20 years and 10 million sales ago, though Renault might argue its Espace was the first.

News

BELGIUM: Automotive parts maker cleared to buy Mercedes power steering unit - report

The European Union Commission on Tuesday cleared German firm ThyssenKrupp AG's acquisition of DaimlerChrysler AG's power-steering unit Mercedes-Benz Lenkungen GmbH, Dow Jones reported.

News

COMMENT: Vauxhall: sore loser

While General Motor's UK-based subsidiary Vauxhall halved its pre tax losses for 2002, the American owner has still failed to return its European operations to profitability. With a declining car market, GM is not on target to reach its 2003 objectives and may need to cut costs once more.

News

GERMANY: Vehicle demand remains weak in October amid tax cut uncertainty - report

Germany's VDA motor industry association said on Monday demand for new cars in Europe's largest economy remained weak last month, with 4% fewer passenger cars registered than a year ago, Reuters reported.

News

USA: Mercedes slips in 2004 residual value rankings - paper

Mercedes-Benz has been knocked off its residual value throne in the United States, Automotive News reported, noting that the German marque is among the losers in a new forecast of the future resale value of used vehicles while Cadillac and Nissan's Infiniti luxury brand scored big gains in Automotive Lease Guide's 2004 residual value rankings.

News

CHINA: October production growth rate slows over September - paper

China’s production of passenger cars in October surged 52% over the same month a year earlier to 168,000 units though the growth rate was down from September’s 68.7% year on year rise, Automotive News reported, citing the National Bureau of Statistics.

News

USA: Ford contest offers new F-150 every five years and $100 petrol a month for life - paper

Ford has started a sweepstakes that offers consumers a chance to win a new F-150 pickup every five years for life in what is believed to be the first US promotion of its kind, Advertising Age reported.

News

THAILAND: Ford says well placed for growth in Asia-Pacific

The Asia-Pacific region, already nearly as large as the automotive markets of North America and Europe, is poised to become the largest in the world by the end of the decade and the rate of growth that already has been experienced in the region has been higher than that of North America and Europe since 1985, according to a senior Ford executive.