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Taiwanese smartphone giant Foxconn reveals electric ute, global sales planned

EV Central

Taiwan’s Yulon Motors Co will start volume production of the Model C next year under the Luxgen n7 name. But Hon Hai says there are already plans in place for all three models to be built in Taiwan, Thailand and the USA. It is also working with partners to build assembly plants in Thailand, India and Indonesia.

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Tesla unlikely to build new factories for ‘one or two years’: report

Teslarati

Pandjaitan also said Musk was “very frank” in statements regarding new factories, adding that the automaker wanted to avoid going bankrupt like General Motors (GM) and Chrysler did back in 2009. Another report suggested that Tesla may purchase as much as $2 billion from India this year in car components.

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Polk forecasts global new vehicle auto sales to reach 77.7M in 2012, up 6.7%; expects China sales to grow 16% while US sales recovery slows

Green Car Congress

Leasing penetration will continue to be higher in the luxury segment in the US and will continue to lift transactions in all segments, as elevated residual values reduce the monthly lease payments, attracting consumers to showrooms who often make purchase decisions on the monthly payments that fit their budget, according to Polk.

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