Toyota Motor Corp. is likely to report its first operating loss in half a century in the current year ending March 31 as a result of plunging sales and the strength of the yen, the Nikkei financial daily reported.
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Chrysler LLC will not abandon the NASCAR racing circuit but will reduce spending, a top executive said today. Mike Accavitti, director of Chrysler's Dodge brand and motorsports, said the automaker would not end its involvement with the sport.
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Battery and materials companies are teaming with the Argonne National Laboratory to develop manufacturing capability for advanced auto batteries in the United States.
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We're hearing rumblings that General Motors is likely to show a Cadillac with the Chevrolet Volt's range-extending hybrid powertrain technology at the Detroit auto show.
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General Motors is launching new direct-injection engines which will first appear in the 2010 Chevrolet Equinox crossover, set to hit the streets next summer.
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President George W. Bush will not allow a "disorderly collapse" of the struggling U.S. automakers and will take into account Chrysler LLC's decision to halt production for a month as he weighs emergency aid, a spokeswoman said.
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The White House said today it is considering the option of an "orderly" bankruptcy as it weighs aid for U.S. automakers and Chrysler LLC prepared to shut down all of its 30 factories for a month.
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Magna International will spend US$108.7m on a Saint Petersburg factory by 2011 despite a downturn in the Russian auto industry.
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Russian prime minister Vladimir Putin will tomorrow (19 December) announce measures to help the country's ailing carmakers, a local paper said on Thursday.
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Ford Motor Co. placed two candidates on the short list of finalists for the 2009 North American Car and Truck of the Year awards.
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Ford Motor Co.'s Flex and F-150 pickup were among six finalists for the 2009 North American Car and Truck of the Year awards. The other cars were the diesel-powered Volkswagen Jetta TDI and Hyundai's Genesis luxury sedan.
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The short list for the 2009 North American Car and Truck of the Year awards is in, and diesels and Ford are looking good so far.
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Wherever you are in the world, if they make cars locally there's a fair bet that there's a government bailout package in the air.
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The Turkish operations of Fiat and Renault have followed Ford Otosan by halting production for about three weeks, citing falling demand.
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Car output in Thailand is projected to fall by 20% next year by the Federation of Thai Industry (FTI).
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Spanish vehicle output fell 39% year on year in November, trade group ANFAC said on Thursday, noting this was the fourth consecutive month of falling production.
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Chrysler advertising agency BBDO may suffer more job losses as parent company Omnicom Group prepares to lay off nearly 5 percent of its global work force of 70,000, according to executives close to the situation.
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Chrysler LLC advertising agency BBDO North America said today it is eliminating 189 positions, about 6 percent of its work force.
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President George W Bush will not allow a "disorderly collapse" of the US automakers, a White House spokeswoman said on Thursday.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up