General Motors is shortening the working week at its new plant in Russia. "We've shortened it to three days per week for the next few months," GM's spokesman in Russia, Sergei Lepnukhov, said.
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Ssangyong Motor will resume operations at its plants from next week following a production halt, according to reports in the Korean media.
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The UK announced on Tuesday it would guarantee up to £2.3 billion ($3.25 billion) of loans to the car industry to help it cope with a slump in demand due to the credit crunch. It will guarantee up to £1.
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UK Business Secretary Peter Mandelson was announcing Tuesday afternoon measures to help Britain's struggling car industry.
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The labour union at Toyota Motor plans to request an average of about JPY1.9m (GBP15,500; US$21,350) in annual bonuses per worker for the 2009 business year, down more than JPY500,000 from the previous business year, in the forthcoming wage negotiations with the management, union officials said on Tuesday.
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Spain's auto industry leaders will meet Wednesday to discuss the future of the Barcelona auto show. The event's future is in doubt after automakers including General Motors, Peugeot, Citroen and Nissan said they will not exhibit at this year's show.
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American Axle Manufacturing Holdings is at high risk of filing for bankruptcy in the next year as declining vehicle production further pressures earnings, a research firm has said.
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Fiat subsidiary Magneti Marelli has signed an agreement for a joint venture with SAIC for the production of hydraulic components for the automated manual transmission (AMT) made by Magneti Marelli.
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2009 will be the final model year for the S2000 roadster, Honda said on Tuesday.
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Honda Motor is to further cut fiscal year production in Japan and North America but boost output in China where demand is still growing.
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Even if a collaborative deal between Fiat and Chrysler is confirmed, the proposed arrival of donor small cars for Chrysler is still years away and will cost the troubled US firm billions of dollars in retooling costs, according to analysts at CSM Worldwide.
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Even if a collaborative deal between Fiat and Chrysler is confirmed, the proposed arrival of donor small cars for Chrysler is still years away and will cost the troubled US firm billions of dollars in retooling costs, according to analysts at CSM Worldwide.
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Ex-McLaren F1 designer unveils plans for electric supercar to rival Tesla.
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New Porsche Boxter interior revealed, as latest prototype is spied out in the cold!
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Mitsubishi is set to reveal a new version of its electric i MiEV Sport concept at the Geneva Motor Show in March.The vehicle will preview the sporty 2+2 due in 2011.
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Audi will suspend car and engine production at its plant in Hungary for a week in February.
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MAN has announced further closures at its truck plants.
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New investors are being sought for a planned merger of Continental and Schaeffler's automotive component businesses.
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General Motors Europe has named its version of the Chevrolet Volt extended-range electric car the Opel Ampera and will reveal the five-door, four-seater at the Geneva show in March.
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Fiat CEO Sergio Marchionne sees 60,000 jobs in Italy's car industry at risk if the sector does not get help from the government.
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