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Car sales in China fell 11.6% in September to 2.4 million – the third month in a row of year-on-year decline. The deceleration comes amid a slowdown in China’s economy and has pinched performance at vehicle manufacturers around the world. At Ford, September sales in the country tumbled 43% compared with 2017, the US carmaker
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The price of electric and hybrid cars is set to rise after the government announced changes to the financial incentives for buying greener vehicles. Grants for some ultra-low emissions cars will be cut from £4,500 to £3,500, while discounts in two other categories will be scrapped. The Department of Transport (DoT) said the move would
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Japanese car giant Toyota has announced a recall of more than 2.4 million hybrid vehicles worldwide because of a fault in their systems that could cause them to lose power. The recall of Prius and Auris cars includes 1.25 million vehicles sold in Japan, 830,000 in North America and 290,000 sold in Europe. All those
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New car sales in the UK plunged in September, figures show, while a major carmaker has warned of the effects of a no-deal Brexit. The number of total vehicles registered was down 20.5% on the same period in 2017 at 338,834, the Society of Motor Manufacturers and Traders said. Carmakers had struggled with “a raft
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Shares in sports carmaker Aston Martin closed almost £1 below their float price on their first day of trading in London. They had been priced at £19, valuing the firm at £4.3bn, but fell as low as £17.75 before ending at £18.10. Despite its glamorous association with James Bond films, the company has gone bust
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