Continental to buy Siemens VDO
for $15.66 billion
As Reuters reports, Continental AG
will buy Siemens' automotive unit VDO for $15.66 billion
(11.4 billion euros), German industrial conglomerate Siemens
said in a statement today. Siemens also said it would buy
U.S. medical-diagnostics company Dade Behring for around $7
billion.
2008 Jeep Liberty
launched within flexible manufacturing environment at Toledo
North Assembly Plant
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Chrysler Group announced
the production launch of the all-new 2008 Jeep®
Liberty at Toledo North Assembly Plant (TNAP) in
Toledo, Ohio.
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Kia will present a sports coupe concept car at the Frankfurt
Auto Show
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Kia Motors Corporation has
confirmed that its all-new sports coupe concept car
will make its World Premiere at this year’s
Frankfurt International Motor Show.
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Dramatically
redesigned Cadillac 2008 CTS will launch in late August
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The dramatically designed
new 2008 Cadillac CTS will launch in late-August
with a higher level of technology, luxury and
performance.
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American Honda will bring an
ultra-premium Civic MUGEN Si Sedan in mid-October
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The Civic MUGEN Si Sedan is
equipped with a high-performance suspension, forged
aluminum wheels and a sport-tuned exhaust system.
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BMW designers win international
“Design Team of the Year” award
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The exhibition dedicated to
this year's winners of the red dot award hosted by
the red dot design museum, was extended until 5
August, 2007.
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Mazda gets the sports crossover
SUV CX-7 in Europe on the road
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Mazda is about to shake up
the European SUV segment with the Mazda CX-7; a
crossover vehicle that combines high- performance
power, a sporty design, SUV functionality and
comfort in a single, fun to drive car.
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Rolls-Royce celebrates delivery
of first customer Phantom Drophead Coupés
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The first customer have
today left the company’s head office and
manufacturing plant at Goodwood.
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Nissan revealed highly innovative
small van concept NV200
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Called NV200 and due to be
given its worldwide debut at the Tokyo Motor Show in
October, the concept turns conventional light
commercial design inside out.
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Audi A3 now equipped with new 1.4
TFSI engine
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A new, ultra-modern
four-cylinder TFSI engine with a displacement of 1.4
litres and turbocharger can now be ordered for the
Audi A3 and A3 Sportback. The 1.4 TFSI engine
delivers 92 kW (125 bhp) at 5,000 rpm.
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Chery and ArvinMeritor set up
chassis systems joint venture
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Chinese auto maker Chery
Automobile Ltd said recently it will set up a joint
venture at Anhui Wuhu with auto-parts supplier
ArvinMeritor Inc. to build chassis systems.
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General Motors
invests $500 million to strengthen South American footprint
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Rick Wagoner announced that the company
will invest $500 million in its operations in Argentina and
Brazil.
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Toyota gambling on China for
sales reign
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General Motors Corp has been narrowing
its sales gap with Toyota Motor Corp, where in the second
quarter Toyota Motor Corp outsold General Motors by only a mere
40,000 units.
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Earthquake forced Honda to
suspend production in two main plants
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Because of the recent
earthquake in Niigata Prefecture Honda’s production
was suspended on July 24, 25 and 26.
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Mercedes-Benz Alabama plant in
Tuscaloosa celebrates ten years of production
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Mercedes-Benz U.S.
International, Inc. (MBUSI) yesterday celebrated the
ten year production anniversary of the Mercedes-Benz
M-Class.
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Ford Focus will be build at
Campbellfield plant in Australia starting 2011
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Ford Australia will add a
new model line to its Campbellfield manufacturing
assembly plant and create approximately 300 new jobs
when it begins manufacturing the Ford Focus in
Australia in 2011.
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