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Bosch mulls 77 million euro investment in new Romanian plant

Feb. 4, 2012 06:01 CET
Bosch is considering investing about 77 million euros ($101 million) in a new factory in Romania, the government said. The Romanian government plans to grant state aid to Bosch for a factory in Cluj-Napoca. A Bosch spokeswoman declined to give specific details on the project.... Read More »
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Toyota sees 21% rise in global group sales this year

Feb. 3, 2012 10:44 CET
Toyota is forecasting that its global sales will rise 21 percent this year as its production recovers from natural disasters in Japan and Thailand.... Read More »
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Receivers cool on $446 million Youngman bid for Saab, source says

Feb. 3, 2012 15:00 CET
China's Youngman has made a $446 million offer for bankrupt carmaker Saab, which has drawn a cool response from receivers who want bids for parts of Saab rather than the whole business because that would raise more for creditors, a source said.... Read More »
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China's Youngman makes fresh bid for Saab, report says

Feb. 3, 2012 11:17 CET
Zhejiang Youngman Lotus Automobile has made a fresh bid for Saab, Swedish public radio reported. The Chinese group plans to turn its passenger-car unit into a competitive global brand and buying Saab assets would fit into that goal.... Read More »
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Ghosn says Renault will work with Mercedes on high-end model

Feb. 3, 2012 13:00 CET
Renault is counting its strategic partnership with Daimler to help overcome its chronic troubles selling high-end cars. Renault CEO Carlos Ghosn said the French automaker would collaborate with Daimler subsidiary Mercedes-Benz on a new high-end model.... Read More »
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Mercedes reports record January sales on U.S., German demand

Feb. 3, 2012 14:31 CET
Global sales of Mercedes brand cars rose 5.1 percent to a record 86,921 vehicles in January, helped by strong growth in the U.S. and Germany and the continued success of its new B- and C-class models.... Read More »
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China's Youngman makes fresh bid for Saab, report says

5:17 am U.S. ET | Feb. 3 2012
Zhejiang Youngman Lotus Automobile has made a fresh bid for Saab, Swedish public radio reported. The Chinese group plans to turn its passenger-car unit into a competitive global brand and buying Saab assets would fit into that goal.... Read More »
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GM, Honda to increase U.S. manufacturing

12:01 am U.S. ET | Feb. 6 2012
General Motors and Honda Motor Co.'s North American operations have unveiled plans to expand U.S. manufacturing, joining a steady stream of automakers with similar plans. In the past four months or so, GM, Honda, BMW AG, Nissan Motor Co., Mazda Motor Corp., Ford Motor Co., Chrysler Group, Toyota Motor Corp.... Read More »
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Jaguar Land Rover plan JV with Chery for China output

12:01 am U.S. ET | Feb. 3 2012
Jaguar Land Rover plans to partner with Chery Automobile to build vehicles in China, two people with direct knowledge of the matter said. The companies have applied for regulatory clearance to establish the joint venture and the partnership may be officially announced at April's Beijing auto show, they added.... Read More »
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Updated version of 'Rambo Lambo' SUV is on the way

12:01 am U.S. ET | Feb. 6 2012
Before the heyday of big SUVs in the 1990s, Lamborghini departed from its script and introduced the LM002 -- a muscular off-roader that was built in small numbers from 1986 to 1993. The "Rambo Lambo" was seen as an oddity for a company famed for such distinguished high-performance sports cars as the Miura and Countach.... Read More »
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