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Toyota to invest $338 mln in new hybrid, flex car in Brazil

Toyota Motor Corp said on Wednesday it will invest 1.7 billion reais ($337.68 million) to manufacture a new hybrid, flex-fuel compact car in Brazil, which will run on both gasoline and ethanol in addition to its electric engine. ....

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Chinese car brands overtake sales of Russia's Lada in first quarter

Russians purchased more Chinese cars in the first quarter of 2023 than Ladas, Russia's most popular, locally made vehicle, data showed on Thursday, evidence of Beijing's growing presence in Russia's economy as Western carmakers head for the exit. ....

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Ferrari's green journey takes surprise turn: podcast

Europe’s plan to support carbon-neutral fuels is good news for the $50 bln luxury carmaker, CEO Benedetto Vigna says on the Exchange podcast. It will allow the group to flog the roaring engines that made its fortune. Electric cars remain a goal, but self-driving Ferraris are not. ....

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