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Canada extends investment fund for auto industry for another 5 years


Canada's Prime Minister Stephen Harper announced the renewal of funding for the Canadian auto industry totaling 250 million Canadian dollars. The Automotive Innovation Fund allows manufacturers to apply for funding for specific research and development projects, provided that carmakers also help fund the projects. First established in 2008, the program led to $1.6 billion in investments in its initial term, six times ...
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Continental granted license to test its autonomous cars in Nevada
Auto parts supplier Continental today received approval from the Nevada Department of Motor Vehicles (DMV) to test autonomous vehicles on the state’s public roads. It is the first license granted by ...
GM increases speed of electric vehicle development in China
GM announced it is hastening the speed of its development of electric vehicles in China, where it will build and sell the Chevrolet Sail Springo EV. The new model will add ...
GM to work with researchers to create tires that improve fuel economy
General Motors announced on Wednesday that its engineers will work with independent researchers from January to help develop tire technology that would help boost fuel economy in its vehicles. GM gave ...
Mahindra launches new R&D centre in Pune – India
Mahindra & Mahindra Limited, India’s largest carmaker today inaugurated its two-wheeler research and development centre at Pune – India. The company has invested Rs.100 crore in setting up the R&D facility ...
Mercedes to reduce over €1.5bn annually
Mercedes Benz, the German luxury automaker plans to take out billions in costs every year by reducing the number of vehicle platforms and using more common parts across segments, Thomas ...
Caterpillar to expand its R&D department in China
Caterpillar, the world's largest heavy machinery maker, on Wednesday said it plans to expand the company's multi-functional research and development or R&D center in Wuxi, China. The Wuxi center currently has ...
Hyundai to invest $4.4 billion in R&D next year, will create 6,500 new jobs
Hyundai Motor Group, on Thursday said that it would boost spending on research and development by almost 11 percent to $4.41 billion next year. Out of the 5.1 trillion won ($4.41 ...
BMW and GM to collaborate on fuel cells
Luxury automaker BMW and General Motors plan to cooperate on the development of fuel cell technology, the German business newspaper Wirtschaftswoche reported. According to the same source, the Germans will get ...
BMW and Toyota to cooperate on EV batteries
BMW and Toyota are reportedly planning to cooperate on research into lithium-ion batteries for electric cars, an inside source told Reuters on Tuesday. The news comes shortly after reports on Friday ...

latest automotive news
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Luxury automakers try to boost sales in India by assembling the vehicles in this country. As automakers have to pay a ...
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Thieves Stole an Audi RS4 Quattro Avant from Bury St Edmunds Audi Dealership
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Tata Delays Plans of Building Plant in Thailand
As Tata tries to deal with a drop in demand it has decided to postpone the development of the new ...
Audi Surpassed BMW in India Luxury Auto Sales
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GM Stock Surpasses 2010 IPO Price
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PSA Workers at Aulnay Plant End Four-Month Strike
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Jaguar Plans to Upgrade Its Dealerships in the US
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VW April Sales Up 7%
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Tesla Plans to Repay Energy Department Loan
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Michelin plans to implement new rules at its facilities in France, aimed at adjusting capacity and avoiding lay offs, as ...
George Michael Involved in Car Crash in England
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Sale of the Nurburgring Race Track Began This Week
The bidding for the Nurburgring race track started this week, and the final price is expected to reach about £100 ...
Fiat Does Not Plan to Move Headquarters to the US
Fiat CEO Sergio Marchionne said that the company does not plan to move its headquarters to the US. "This issue, treated ...
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Ram Plans to Boost Heavy-Duty Pickup Sales and Dealerships in the US
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