Russian truck maker Kamaz has placed most of its workers on two-week mandatory leave starting Monday because of lower demand.
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Renault will soon begin selling low-cost Logan vans and pickup trucks manufactured by its Romanian unit Dacia across western Europe.
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The Dutch government has agreed a 1.5 billion euro guarantee for LeasePlan, Europe's largest fleet and vehicle management company. LeasePlan is one of the car industry's largest single customers. The company buys about 300,000 new cars a year.
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Aston Martin has told just-auto that it is to extend its planned Christmas shutdown for another two weeks 'based on current economic conditions'.
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French President Nicolas Sarkozy has pledged support for the auto industry in France and said that France and Germany are determined to help their car industry weather the economic storm.
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The UK's auto industry trade association, the Society of Motor Manufacturers and Traders (SMMT), has said it supports the substantial, but temporary, economic stimulus package announced in yesterday's 'pre-Budget report'. It says it provides positive incentives for consumers to begin spending, but 'will need to be accompanied by a more active approach to lending by banks and financial institutions'.
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Volvo has unveiled more details of its new S60, which will be unveiled in January at the Detroit auto show. The Swedish carmaker issued a teaser picture that offers a hint of how the new S60 sedan will look when it launches in 2010.
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Car parts supplier Bosch will temporarily close down select production areas or shops at its Nashik plant from November 28-29, it said on Tuesday.
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The Government of Portugal and the Renault-Nissan Alliance have announced a partnership to deliver zero emission mobility to Portugal from 2010. The plan will utilise electric vehicles supplied by the Alliance, and will leverage an extensive charging network that will be built across Portugal over the next three years.
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Toyota Motor Thailand (TMT) plans to terminate 350 short-term workers' contracts out of 5,500 across its Thai operations as it prepares for falling worldwide demand for its vehicles. The company this month revised down its Thai vehicle production forecasts for next year from 500,000 to 450,000 units, compared with a planned 570,000 units in 2008.
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The six automakers that have pulled out of this year's Detroit auto show do not affect the long-term need for a Cobo Center expansion, says the show's co-chairman.
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Nissan North America has dropped out of next year's Detroit and Chicago auto shows, citing depressed economic conditions. The decision makes Nissan the biggest automaker to skip out on Detroit's North American International Auto Show.
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President-elect Barack Obama said today that he -- like members of Congress -- was surprised that the Detroit 3 CEOs were so ill-prepared for their crucial hearings last week on federal aid to the industry.
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Although they were forced to retire from last weekend's Tall Pines Rally, four victories in the North American Rally Championship this season were enough for Quebecers Antoine L'Estage and Nathalie Richard to clinch the prestigious title in front of American Ken Block.
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The financial crisis continues to impact the Detroit Auto Show that will be held next January. The list of absent manufacturers is getting longer by the day, two months before the official opening of the event.
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Austrian billionaire Dietrich Mateschitz has bought back the 50 per cent stake in the Toro Rosso Formula One team owned by former Formula 1 driver Gerhard Berger.
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The American Auto Racing Writers and Broadcasters Association 300 members will send in their votes to elect what North America's racing community has the best to offer.
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Formula One Force India test driver Vitantonio Liuzzi clocked the quickest lap at the Speedcar Series test that ended today at the Dubai Autodrome. He was among five other drivers that took the wheel at the final test before the start of Season 2 on 5-6 December, 2008.
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