Toyota Motor said it expects its China sales growth to slow next year, after strong gains in 2009 fueled by government incentives aimed at boosting the national auto sector during the global downturn.
Toyota’s China sales should rise about 17 percent to 700,000 vehicles this year from 600,000 in 2008, Masahiro Kato, president of the company’s China operations, said at the Guangzhou Autoshow.
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The growing popularity of hybrid cars is now rubbing off on commercial vehiclemakers like Ashok Leyland, Tata Motors, Volvo Buses India, etc, which are eyeing to foray into the similar segment. Even though no companies have yet firmed up its plans to launch such products, a number of them have confirmed that launching hybrid buses is very much on their drawing boards. In the international markets, manufacturers of diesel-electric hybrid buses include [click to continue...]
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Ford Motor Co will launch a new car model in India every 12-15 months over the next five years, with its new Figo small car is set to drive a tripling of sales in 2010, its India head said on Tuesday.
The No 2 US automaker by sales plans to use India as a global manufacturing hub for compact cars, eyeing the country’s low-cost facilities to grow in a segment that it expects will make up 60 percent of all global car sales in 10 years.
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Daimler AG is considering launching a series of small Mercedes-Benz cars in the U.S. in a bid to tap Americans’ growing interest in downsized models that offer upscale features and finishes, the German car maker’s chief executive said.
Under its tentative plan, Mercedes would import by 2012 at least one of four next-generation compact models it will start selling in Europe in late 2011, Daimler CEO Dieter Zetsche said in an interview with The Wall Street Journal. [click to continue...]
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Ford Motor Co.’s top sales analyst said that he expects sales of cars and car-based vehicles, such as crossovers, to continue increasing as consumers from baby boomers to young new buyers seek more efficient transportation options.
George Pipas, who spoke to the Automotive Press Association in Detroit, said a variety of factors will contribute to the continued growth of cars, especially smaller models. [click to continue...]
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The prototypes of the first ever made-for-India car from Italian auto giant Fiat SpA will arrive in India in a year’s time for extensive road trials. The results and feedback from the trials will lead to the final round of tweaking before Fiat India Automobiles Ltd begins manufacturing the small car at its Ranjangaon facility.
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Hyundai Motor India has said that it will continue to be aggressive with its product launches to protect and grow its market share, in the face of increasing launches in the compact car space in the country.
The company’s newly-appointed Managing Director and CEO, Han Woo Park, and Senior Vice-President – Marketing and Sales, Arvind Saxena, said at a press conference that the company had always been aggressive in introducing products and that it would continue to do that.
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Maruti Suzuki India surged 5.45% to Rs 1560.40 on BSE, extending gains for the second consecutive day, on reports demand for passenger cars remains upbeat in the domestic market.
Meanwhile, the BSE Sensex was provisionally up 183.68 points, or 1.09%, to 17,032.51.
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While news of the impending launch of the SX4 saloon has been doing rounds, Maruti Suzuki has quietly slipped in a new version of the car today.
The facelifted Maruti Suzuki SX4 has marginal changes, including a new honeycomb grille, a new optional body kit on the ZXI, new 10-spoke alloy wheels, refreshed interiors with beige tones - thus effectively making it two tone and new illuminated stereo controls on the steering wheel. [click to continue...]
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Porsche will debut its new 911 GT3 R at the Birmingham Motor Show in January. The new model will be raced by customers in series based on the international FIA GT3 regulations and will succeed the 911 GT3 Cup S.
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