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Latest Articles in automakers

GM's Barra Accelerates 'All Out Pursuit Of Global EV Leadership'

GM shares rallied into positive territory after Barra outlined her EV strategy. Tesla shares were up 3% on Thursday, pushing the carmaker toward a $475-billion market capitalization that is almost eight times greater than GM's.

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Tesla Surge Adds To Dominance Of S&P 500's Biggest Players

The California company's stock rose 2.6% and is up over 20% since S&P Dow Jones Indices announced on Monday it would add Tesla to the index as of Dec. 21, a change that will force index funds to buy around $50 billion of its stock.

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Kia Motors Workers In South Korea To Stage Partial Strike Over Wages, EV Plans

Automakers around the world are expanding their electric car production to comply with tougher air-pollution rules that require them to reduce carbon emissions or face stiff fines.

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Tesla To Join S&P 500, Spark Epic Index Fund Trade

S&P Dow Jones Indices announced that the company would join the S&P 500 index prior to the opening of trading on Dec. 21, potentially in two tranches making it easier for investment funds to digest.

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GM Recalling Nearly 69,000 Bolt Evs For Fire Risks

The recall is for 2017-2019 model year Chevrolet Bolt EVs with high voltage batteries produced at LG Chem Ltd's Ochang, South Korean facility.

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Daimler To Revamp China Plant To Make Actros Trucks As Sales Surge

Daimler, which has a passenger car joint venture with Foton's parent BAIC Group, sold around 700,000 passenger cars in China last year. Its chief executive said last month China will remain Mercedes-Benz's biggest growth market in the next decade and it will adjust production locations to capture shifts in demand.

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Kia Motors Launches Complete Contactless, Paperless Aftersales Service

This initiative entails an 'Advanced Pick and Drop' programme, ensuring highest customer safety with a no contact pick-up and drop service and live vehicle tracking in a completely paperless process.

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Nissan's Prospects Brighten As China Rebounds, But Struggle Ahead For Weakened Car Maker

Nissan's second-quarter results are likely to highlight how it is falling further behind domestic rivals Toyota Motor Corp and Honda Motor Co Ltd, both of which last week raised their profit estimates thanks partly to an uptick in demand from China, the world's largest auto market.

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Toyota Declares Lockout At Bidadi Manufacturing Plant Following Workers' Union Protest

The company noted that as per extant service rules and keeping in mind the principles of natural justice, all possible opportunities will be provided to the employee during the inquiry process.

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Chip Maker NVIDIA Signs In-Car Entertainment System Deal With Hyundai Motor

NVIDIA declined to say how many vehicles NVIDIA DRIVE would be installed in, but said it is a large number and pointed to the fact that in 2019 Hyundai Motor Group shipped over 7 million vehicles.

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Tata Group Launches Test Kits To Detect COVID-19

The launch comes as India's COVID-19 cases rise by 45,903 to 8.55 million with deaths rising by 490 to 126,611, government data showed on Monday.

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Nissan Plots Digital Course For Car Sales In A Post-Pandemic World

China, consumers can't do the same, but they are open to buying cars online; in the first nine months of this year, 17% of the roughly 758,000 new Nissan cars sold there were bought online

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Tesla Unveils 'Tesla Tequila' For $250, Product Sold-Out On Website

Mexico's Tequila Regulatory Council had at the time argued the "name 'Teslaquila' evokes the word Tequila ... (and) Tequila is a protected word."

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Honda Doubles Profit Forecast, Boosted By China Rebound

Japan's third-biggest automaker said it now forecasts a full-year operating profit of 420 billion yen ($4.06 billion) up from a previous prediction of a 200 billion yen profit.

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Toyota More Than Doubles Full-Year Profit Outlook

Japan's biggest automaker said it now expects operating profit of 1.3 trillion yen ($12.6 billion) for the year through March 2021, up from a previous prediction for a 500 billion yen profit.

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