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Eco-friendly cars to drive into spotlight at Guangzhou show

Business | Automobile
2009-11-21

CAR makers are gearing up to finalize their preparations for this year's Guangzhou auto show to display their eco-friendly new models as they go all out to sustain this year's booming sales. Overseas and domestic...

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GM to unveil revamp for Opel

Business | Automobile
2009-11-21

GENERAL Motors Co has said it expects to release a full restructuring plan for its Opel and Vauxhall operations in mid December, but did not specify the amount of cuts to capacity and jobs it would seek. GM Europe...

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High-level meeting

Business | Automobile
2009-11-19

THE European Union will host a high-level meeting between General Motors and EU governments next week to discuss restructuring plans and aid for the troubled Opel unit, officials said yesterday. EU spokesman Ton Van...

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Continental tapping into demand for affordability

Business | Automobile
2009-11-19

GERMAN tire and car parts maker Continental AG yesterday opened a new research and development facility in Shanghai, aiming to further boost business through products and solutions customized for the Chinese market. ...

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End of road for Volvo venture

Business | Automobile
2009-11-18

THE Volvo Group is to end its partnership with China National Heavy Duty Truck Group Corp by quitting their joint venture. The world's leading truck maker has agreed to sell its 50-percent equity interest in Jinan...

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GM says it's back on the road to recovery

Business | Automobile
2009-11-17

GENERAL Motors Co says it lost US$1.2 billion from the time it left bankruptcy protection to September 30, far better than it had reported in previous quarters and a sign the auto giant is starting to turn around its...

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Probe on US' rescue plans for auto sector

Business | Automobile
2009-11-17

CHINA announced it will investigate the United States government's financing and rescue plans for the American automotive industry, the Ministry of Commerce said yesterday. It is part of China's probe into...

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GM to begin repaying aid by year-end

Business | Automobile
2009-11-16

GENERAL Motors Co. will begin paying back US$6.7 billion in US government loans by the end of 2009 and could pay off that full amount by 2011, four years ahead of schedule, according to a person familiar with the matter. ...

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GM Seeks To Move Headquarters To Germany

Business | Automobile
2009-11-16

GENERAL Motors Co wants to move its European headquarters to Germany from Switzerland before the end of the year, an Opel spokesman said on Saturday. By moving its headquarters from Zurich to Adam Opel GmbH's...

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Saab sale sees closure of 37% of US dealers

Business | Automobile
2009-11-16

ABOUT 37 percent of United States Saab dealers will close as part of General Motors Corp's planned sale of the ailing Swedish car brand to Koenigsegg Group AB, a GM spokeswoman said over the weekend. GM spokeswoman...

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Joint effort on energy vehicles

Business | Automobile
2009-11-13

CHINA is urging domestic car makers to work jointly to speed up the development of new energy vehicles as the nation embarks to compete with overseas rivals on green technology, a government official said yesterday. ...

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Upgrade to lift auto exports

Business | Automobile
2009-11-12

CHINA is encouraging its car makers to upgrade their business structure and boost technology innovation as the country aims for an average 10-percent growth in its auto exports by 2011. Besides commercial vehicles,...

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Chang'an to build mighty car group

Business | Automobile
2009-11-11

THE state parent of China's Chang'an Automobile Group Co agreed yesterday to take over five vehicle units of the Aviation Industry Corp of China to form a new automotive giant. The deal - the biggest merger between...

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Tianjin FAW Xiali Automobile Co Economical - and profitable

Business | Automobile
2009-11-11

CHINA'S northern Tianjin-based economical passenger car maker Tianjin FAW Xiali Automobile Co saw its sales volume in October rise 10 percent year on year to 16,080 units. The auto maker produced 17,600 units...

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Changan deal creates new Chinese car giant

Business | Automobile
2009-11-10

CHINA'S Changan Automobile Group Co today agreed to take over five auto units of the Aviation Industry Corp of China to form a new industry giant. Analysts said the deal is the first merger between state-owned...