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Latest Articles in automakers

Ford, Volkswagen To Make About 8 Million Commercial Vehicles

Ford and VW announced their partnership in January 2019, as carmakers around the globe join forces to invest in electric and self-driving technology to help save billions of dollars.

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JLR Raises $705 Million Loan From Chinese Banks

Sales from China used to account for 25% to 30% of JLR's global sales, but over the past two months make up 50%

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Nissan Warns UK Plant 'Unsustainable' Without EU Trade Deal

Japanese company's global chief operating head, told the BBC its commitment to the car plant, the United Kingdom's largest, could not be maintained if there was no tariff-free access to the bloc.

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Polestar To Open 20 Showrooms In China To Compete With Tesla

The automaker plans to export Polestar 2 sedans to Europe and the United States, and will open showrooms first in Shanghai and then expand to coastal Ningbo and southern Guangzhou.

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Indian Carmakers Offer Teaser Loans As Banking Sources Say RBI Softens Stance

The Reserve Bank of India said their terms were not transparent and warned that similar products had been instrumental in the 2007-2008 subprime crisis in the United States.

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Volkswagen Pumps 2 Billion Euros Into China Electric Vehicle Bet

Volkswagen will pay 1.1 billion euros to acquire 26.5% of Guoxuan High-tech Co Ltd, a maker of electric vehicle batteries

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Nissan To Set Out Survival Plan After Expected Annual Loss

The automaker sold 4.8 million vehicles in its latest financial year, the second decline in a row and a fall of 13% from last year, knocking it off its perch as Japan's second biggest automaker to trail Toyota and Honda.

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Volkswagen In Final Talks To Seal Biggest M&A Deals In China EV Sector

The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan ($491 million)

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Volkswagen In Final Talks To Seal Biggest M&A Deals In China EV Sector

The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan ($491 million)

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Modi Govt’s Rs. 20 Lakh Crore-Bailout To Have No Impact On Auto Industry: Bosch India

German multinational engineering and technology company maintained that the industry is unlikely to revive in the medium term unless there are some tax cuts along with some incentives under the vehicle scrappage policy.

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GM Gradually Restarts In Mexico As Lear Corp Readies For Return

Automotive factories in Mexico have been idled for weeks due to the coronavirus outbreak, which has infected 59,567 people and killed 6,510 in Mexico so far.

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Rolls-Royce To Cut 9,000 Jobs As Demand For Air Travel Crashes

The cash restructuring costs related to these actions are likely to be around 800 million pounds with outflows incurred across 2020 to 2022.

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Volkswagen Pays 9 Million Euros To End Proceedings Against Chairman, CEO

The scandal over engine control devices that mask excessive nitrogen oxide emissions has so far cost Volkswagen more than 30 billion euros in damages and regulatory fines

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Fiat Chrysler In Talks Over $6.8 Billion State-Guaranteed Loan In Italy

State guarantees cover 80% of loans for companies with annual revenues of 1.5 billion to 5 billion euros and 70% for companies with revenues over 5 billion euros.

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Maruti Suzuki Q4 Net Profit Skids By 28 % At Rs 1,292 Crore

Maruti Suzuki clocked net sales of Rs 17,186 crore, lower by 17 per cent over the same period of previous year.

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