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Latest Articles in automakers

Geely's Volvo Cars In Gear For Recovery, While Merger Delayed

Volvo had warned in March that sales, earnings and cash flow in the first half of 2020 would decline from a year ago as the coronavirus pandemic weighed on its business.

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Solid Profits At Volvo Spur Truck Industry's Recovery Hopes

Volvo shares, which have already clawed back the brunt of this year's losses, rose 3.5% in early trading.

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India's Auto Sales To Take 3-4 Years To Return To Peak Levels

India went into lockdown in late March to prevent the spread of the novel coronavirus, forcing automakers to suspend manufacturing. While production has resumed, with restrictions, plant utilisation levels are low at 20%-30%.

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Tesla China Sold 14,954 Model 3 Vehicles In June, Up 35% On The Month

Tesla sold 11,095 vehicles in May, up from around 3,635 units in April, CPCA data showed.

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China's June Passenger Car Sales Down 6.5% - CPCA

Pure battery electric vehicle sector sold 67,000 units in June with U.S. maker Tesla Inc accounting for 23% of the market

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Tesla Shares Surge 13% As Strong Deliveries Drive Profit Optimism

Tesla's market capitalization stood at $245 billion, growing its lead as the world's most valuable automaker.

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Bajaj Auto Unions Demand Factory Halt After 250 Workers Catch Coronavirus

The Bajaj Auto factory affected is located in western Maharashtra, the state with the highest number of cases of COVID-19, the disease the virus causes.

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Bajaj Auto Reports 31 % In June Sales

Domestic sales declined by 34 per cent at 1,51,189 units last month as compared to 2,29,225 units in June 2019

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Ford, Volkswagen Will Stay Neutral On Challenges To Trump Vehicle Emissions Rule - Document

The Trump administration in March finalized rollback of U.S. vehicle emissions standards to require 1.5% annual increases in efficiency through 2026.

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BMW Works Council Backs Electric-Only Platform

Those managers hope that the company will now quickly shift to develop a pure e-platform, which would make cars lighter and give them a longer battery range and a bigger interior.

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Italy Approves Guarantees For $7.1 Billion Loan To Fiat Chrysler

FCA's Italian division has tapped Rome's COVID-19 emergency financing schemes to secure a state-backed, three-year facility to help it weather the crisis triggered by the coronavirus pandemic.

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Toyota Holds $293 Million Stake In Uber, Governance Report Shows

Reporting the total size of its stake in Uber, which became a listed company last year, Toyota said it held 10.25 million shares valued at 31.15 billion yen ($292.46 million) as of March 30.

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Mercedes-Benz Cars To Be Built On Nvidia Autonomous Driving Platform From 2024

Mercedes-Benz sold 2.39 million cars worldwide in 2019. The two companies have been working together on autonomous driving and artificial intelligence car technology for over five years.

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Kia, Hyundai And LG Chem Join Hands To Identify EV Startups For Investment

The global competition offers startups the opportunity to showcase their respective innovative technologies and unique business models.

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Nissan Plans More Shift Cuts At Japan Car Plants Due To Low Demand

Nissan plans to cancel all night shifts at its plant in Oppama, Kanagawa prefecture, and at a production line in Kyushu, southern Japan, between June 29 and July 31

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