Peugeot and GM discuss 'strategic partnership'

PARIS (AFP) - Leading French carmaker PSA Peugeot Citroen is in talks with United States (US) giant General Motors (GM) on forming a 'strategic partnership', French Labour Minister Xavier Bertrand said on Wednesday.

Mazda to raise $3.6 billion as it eyes emerging markets

TOKYO (AFP) - Japan's Mazda Motor said on Wednesday it planned to raise US$2.9 billion (S$3.6 billion) to boost its presence in emerging economies as it takes a double hit from the strong yen and falling demand in key developed markets.

140 new models to debut at Geneva Motor Show

GENEVA (AFP) - Major carmakers will roll out 140 models making their global debuts at the forthcoming Geneva Motor Show, the head of the salon Andre Hefti said on Tuesday.

US investigates problems with side airbags

DETROIT (AP) - United States (US) safety regulators are investigating a problem with side airbags that may fail to inflate in a crash.

Mitsubishi to step up search for buyer of Dutch auto plant

THE HAGUE (AFP) - Japanese carmaker Mitsubishi will step up efforts to find a buyer for its sole western European plant where production is set to cease by year-end, the Dutch Economics Ministry said on Wednesday.

Americans are keeping their cars longer: Study

DETROIT (REUTERS) - Americans are holding onto their new vehicles for about six years - 27 per cent longer than before the recession - due to the weak economy and better durability of cars and trucks, according to a new study.

Geely, Volvo to set up China joint venture

HONG KONG (REUTERS) - Zhejiang Geely Holdings Group said on Wednesday that it plans to set up a joint venture with unit Volvo Car Corp in China and hopes to announce a project to develop and produce an indigenous brand of cars with Volvo in two months.

China's Geely to assemble cars in Egypt

BEIJING (AFP) - Chinese automaker Geely said on Wednesday it will begin assembling cars in Egypt this year with a local partner, marking its latest push overseas as domestic demand hits the brakes.

COE prices rise across the board, highest since late-1990s

Certificate of entitlement (COE) prices rose strongly across the board to reach new highs at the latest tender on Wednesday.

Europe's 1st Chinese auto plant opens in Bulgaria

BAHOVITSA, Bulgaria (AFP) - Great Wall Motors became on Tuesday the first Chinese automaker to open an assembly plant in Europe, aiming to produce 50,000 vehicles per year for the whole continent in northern Bulgaria.

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