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As a result, GlobalData has revised the full-year forecast down to 16.1 million units.
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Volkswagen is bringing one of its best-known models into the electric era with the all-new ID. Polo.
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The company’s CEO Elon Musk confirmed the cancellation on the social media platform X, explaining that production will wind down to enable higher volumes of the Cybercab.
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The automaker has established a new partnership to test autonomous SDVs for local transportation.
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According to the Economic Times (ET) report, the proposed investment would add a production line at Kia India’s Anantapur facility.
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Bram Schot also expected to become Chair of Marelli on emergence from Chapter 11.
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The company described the vehicle as the world's “first” mass-production methanol hybrid passenger vehicle.
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The facility will act as the brand’s central engineering hub, overseeing vehicle programmes from concept definition to readiness for series production.
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The moderate decline follows several months of growth, supported by local tax cuts.
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The partnership will commence with five joint research schemes backed by up to $1m in annual funding from Toyota.
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