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Toyota follows Daimler and partly discards Tesla stock


Tesla Motors, the California-based electric automaker that seemed ready to overthrow the auto industry, has received another vote of no confidence, with Toyota divesting some of the shares it owns in the US carmaker. The move, revealed today by the largest automaker in the world, follows closely the one made by Daimler – the parent company of Mercedes-Benz – which sold ...
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Daimler third-quarter profit soars on Mercedes-Benz sales growth
Daimler AG, the parent company of the world’s third-biggest premium automaker – Mercedes-Benz – has reported rising profit for the July-September period, surpassing analysts' forecasts. A statement released by the Stuttgart, ...
Hyundai’s key Sonata model fails to impress US market
The South Korean automaker hoped the recently refreshed Sonata sedan would be an asset in reversing dwindling US sales, a market that follows closely in importance the world’s largest auto ...
Citroen decides not to bring crossover in booming European market
Although PSA Peugeot Citroen is the second-largest European automaker, you might have no idea that Citroen has a new crossover in the subcompact segment – the C3-XR. That’s because the French ...
Jaguar Land Rover exec predicts China’s growth could halve
According to Jaguar Land Rover's top executive in China, the carmaker is expecting the sales growth for 2014 to be roughly halved when compared to the high base reported last ...
PSA Peugeot Citroen reports surprisingly strong third-quarter earnings
The French company, the second largest automaker in Europe, has unveiled an unexpected third-quarter revenue growth, buoyed by continued increases in Europe and China that compensated Latin America and Russian ...
US: Tesla gets sales ban in Michigan
The state, home to the three biggest US automakers, has enforced a law that banns Tesla’s direct sales practice, the fifth state in America to do so, in the latest ...
Jaguar Land Rover mulls 10% market share in China
Tata Motors’ British subsidiary Jaguar Land Rover just opened the automaker’s first Chinese production plant in the city of Changshu, just 110 kilometers (70 miles) northwest of Shanghai. During the inaugural ...
China: auto forecast revised again for 2014
Following the slowing growth registered in recent months, the world’s largest auto market is on pace to miss a prediction for the year, as the pace of delivery increases has ...
Porsche 918 Spyder is almost sold out
The 918 units of the Porsche 918 Spyder have been almost sold out so this is probably your last chance of getting your hands on one of the hottest supercars ...

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Toyota follows Daimler and partly discards Tesla stock
Tesla Motors, the California-based electric automaker that seemed ready to overthrow the auto industry, has received another vote of no ...
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