| Report Creditor banks plan $1.5 billion in new loans to Sharp |
May 8th, 2013 |
Japanese electronics maker Sharp Corp. is likely to get 150 billion yen in new loans from its main creditor banks, sources told Kyodo News Wednesday. The report, quoting sources close to the developments, said Mizuho Corporate Bank and the Bank of Tokyo-Mitsubishi UFJ had earlier planned on a 100 billion yen additional credit line but plan to raise it to 150 billion yen ($1.51 billion) to help ...
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| Honda continues with Accord Accord Euro strategy |
May 8th, 2013 |
Honda Australia plans to continue its twin-Accord strategy for at least another 18 months despite the all-new Honda Accord expected to downsize to the medium car segment, which puts it side by side with the Honda Accord Euro. Speaking to CarAdvice at the launch of the 2013 Honda Accord, Honda Australia Director, Stephen Collins, said that selling the two models side by side has proven a ...
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| GM to build factory in China |
May 8th, 2013 |
General Motors has been given green light by China to build a $1.3 billion factory in Shanghai, the automaker said. The plant will be located in Shanghai's Jinqiao district, GM said in a statement Tuesday. Construction is to begin in June, reported Xinhua citing the Chicago Tribune. GM said the planned production capacity for the factory is 150,000 vehicles. "We want to build where we sell. ...
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| Toyota Motor Full-year Net Surges Sees Higher Profit Sales In FY14 |
May 8th, 2013 |
TYT.L ) Wednesday reported a sharp increase in full-year profit, helped by sales growth in all regions and its cost reduction initiatives. The company also forecast higher profit and vehicles sales for the fiscal year ending March 31, 2014.For fiscal 2014, the company estimates consolidated vehicles sales to be 9.1 million units, an increase of about 229,000 units over the prior fiscal year, due ...
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| Renault Megane GT 220 Estate turbo wagon arrives for $36990 |
May 8th, 2013 |
Megane Estate would join the range in 2013, the 'RS lite' version of the wagon was not expected to arrive first - or so soon. Tagged as a limited edition model, the Megane GT 220 Estate uses the same 2.0-litre turbocharged four-cylinder engine and six-speed manual drivetrain as its Megane RS265 coupe ...
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| Lamborghini 50th anniversary grand tour ready to make tracks |
May 8th, 2013 |
Lamborghini first began in Emilia Romagna, the 4km-long convoy - comprising 139,745kW and 700 people from 29 countries - departs the Piazza Castello in Milan today before stopping in Bobbio, Forte dei Marmi, Rome, Grosseto, Orvieto, Arezzo and San Giustino Valdarno before arriving in Bologna on May ...
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| Kenya Cars Stuck On Voi-Taveta Road After Heavy Rains |
May 8th, 2013 |
Transport along the Voi-Taveta road has been paralysed for three consecutive days after heavy rains damaged the road. Police said a heavy traffic jam into and out of Taveta town was still building up by yesterday morning after a Neema Coach bus heading to Nairobi fell and closed the road on Saturday night. Hundreds of passengers including students going back to school spent the night on the ...
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| UPDATE 2-At cautious Toyota low risk rules even as profit booms |
May 8th, 2013 |
* Operating profit for FY 2012/13 hits 1.32 tln yen* Toyota met mid-term profit and margin goal in FY 2012/13* Toyota not building new plants for three yearsBy Yoko KubotaTOKYO, May 8 (Reuters) - Toyota Motor Corp refuses to be tempted away from its low-risk growth strategy, even as the world's bestselling carmaker met its mid-term profit goals in the year ended March, and foresees even ...
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| Renault Clio diesel dropped eight-fold sales increase expected for RS |
May 8th, 2013 |
will not be available with a diesel engine in Australia as originally planned when it arrives in August or September. At the international launch of the reborn light hatchback last ...
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| Toyota expects sales of 9.1 mn vehicles in 201314 |
May 8th, 2013 |
Toyota Motor Corp said it sees group-wide global sales of 9.1 million vehicles in the FY ending March 2014, compared to 8.87 million the previous ...
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