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Business / Auto Global

Ford expands production of EcoBoost engine in US

[2013-02-22 15:54]

Ford Motor Co will add 450 jobs at a northeast Ohio plant to increase the production of its 2- liter EcoBoost engine.

Daimler CEO Zetsche get 3 more yrs to chase rivals

[2013-02-22 14:44]

Daimler extended the contract of its CEO by three years concerned that rival premium carmakers are winning the race for global leadership.

GM pledges $7.3b investment in S. Korea unit

[2013-02-22 14:42]

General Motors Co would invest $7.3 billion in its South Korean unit over the next five years - an amount which will likely help relieve some concerns.

Nissan, Renault to invest $320m in Indian JV

[2013-02-22 13:54]

Nissan Motor Co and Renault SA will invest about 30 billion yen ($320 million) in a new car assembly plant in India.

Volvo Jan truck deliveries weakest in 3 yrs

[2013-02-21 17:20]

Volvo, the world's second biggest manufacturer of heavy trucks, posted on Wednesday its steepest drop in truck shipments in more than three years.

Toyota aims for record global production in 2013

[2013-02-21 17:16]

Toyota Motor Corp plans to make a record 8.79 million vehicles under the Toyota and Lexus brands in 2013 and 9.5 million in 2014.

Daimler says refrigerant won't delay S-Class launch

[2013-02-21 16:51]

Daimler's summer launch of its Mercedes-Benz S-Class saloon will not be delayed by uncertainty over whether the German car maker must use Honeywell's new air-conditioning refrigerant.

Estonia goes electric with new car charger network

[2013-02-21 16:36]

Estonia has become the first country in the world to install a nationwide system of fast chargers for electrical vehicles.

Volvo Car to cut 1k jobs

[2013-02-21 05:31]

Volvo Car Company announced to lay off 1,000 employees by the end of this year to help implement its saving plan of 1.5 billion Swedish kronor.

Hyundai Europe to keep share in shrinking market

[2013-02-20 17:25]

South Korean car maker Hyundai said it expects to keep the 3.5 percent share the brand enjoyed in 2012, in face of a market set to shrink by 3-5 percent.

Hyundai missing out on Indonesia opportunity

[2013-02-20 17:17]

Hyundai Motor may be missing out on a big opportunity in Indonesia by failing to build a major car factory and paying too little attention to local needs.

Carmakers pin hopes on British bright spot

[2013-02-20 15:28]

Britain was the only bright spot in European car sales last year but to maintain the growth, carmakers will have to keep offering hefty incentives.

S. Africa to introduce zero emission electric cars

[2013-02-20 15:24]

The South African Department of Environmental Affairs will soon introduce zero emission electric vehicles in a bid to become more environment friendly.

Ford, Peugeot, Toyota lead Europe sales to new low

[2013-02-19 17:29]

Ford, PSA Peugeot Citroen and Toyota led European car sales to a new low in January, kicking off 2013 with an 8.5 percent decline.

Australian new vehicle sales fall in Jan

[2013-02-18 16:49]

New vehicle sales in Australia fell 2.4 percent in January 2013, compared with the previous month, the Australian Bureau of Statistics reported on Monday.

US Fisker hybrid weighs Dongfeng's $350m bid

[2013-02-18 08:04]

US hybrid carmaker is weighing several bids including a Dongfeng Motor's $350 million offer that would give the Chinese carmaker majority control.

GM 2012 profit drops

[2013-02-15 13:45]

General Motors Co earned $4.86 billion in 2012, down from a record 7.59 billion dollars in 2011, Detroit News quoted GM as saying.

Suzuki hasn't posted profit in Europe since 2008

[2013-02-04 17:37]

Japanese carmaker Suzuki has failed to post a profit for its European operations in four years and cannot say when it will cease posting losses.

Fiat to make Maserati, Alfa Romeos at Turin

[2013-02-04 16:09]

Italian carmaker Fiat will build Maserati and Alfa Romeo models at its flagship Mirafiori plant in Turin safeguarding the under-utilised factory's future for now.

French automakers provide less new cars in Jan

[2013-02-04 16:03]

The French Car Sales Federation announced Friday car sales of 124,952 units in January across France, down by 15 percent from the same month previous year.

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