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GM To Sell Chevy Volt In China
Friday, October 22, 2010 - 10:16am | 158Read More...General Motors may be releasing its battery-powered Chevy Volt in China in the second half of 2011 in response to the nation's efforts to increase the number of fuel-efficient vehicles, according to Bloomberg. GM is partnered with SAIC Motor Corp (SHA: 600104), Nissan Motor Co. (NSE: NISSAN) and...
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The Rich Keep Spending (BMW.DE, VLKAY)
Friday, October 1, 2010 - 9:20am | 208Read More...Bloomberg is reporting this morning that both Bugatti and Ferrari have sold out of all of their most expensive vehicles as luxury demand continues to elevate. Bugatti, which is owned by Volkswagon AG (OTC: VLKAY), said that all five of its $2.7 million Veyron's, which have a top speed of 258 miles...
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Daimler (DAI) To Sell Tata Motors (TTM) Stake
Monday, March 8, 2010 - 9:24am | 91Read More...There are reports from MarketWatch that German auto manufacturer Daimler AG (NYSE: DAI) will sell its 5.34% stake in Indian auto manufacturer Tata Motors Ltd (NYSE: TTM). The report cites unnamed sources as saying that Citigroup, Inc. (NYSE: C) is arranging the Daimler AG sale of about $429 million...
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Luxury Autos are Selling Again
Tuesday, March 2, 2010 - 6:46pm | 268Read More...Bloomberg reported this afternoon, that luxury auto sales were up big last month. Volkswagen AG’s U.S. sales of its Audi brand rose 34 percent in February, leading an increase in demand for luxury autos. Audi deliveries climbed to 6,216, pushed up by more than a doubling in sales of its A3 compact...
