Honda vehicle production worldwide increased 2.9% to 1,966,778 units as a 6.8% rise outside Japan to 1,360,844 units offset a 4.9% fall at 'home' to 605,394.
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SsangYong Motor Co is allowing some 350 of it workers to take paid leave, in an effort to cut costs.
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Honda Motor consolidated operating income fell 27.1% to JPY370.1bn in the first fiscal half year to 30 September as currency effects, rising raw material costs and increased expenses affected results.
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Honda cut its full-year earnings outlook after operating profits in Europe fell 50.5 percent on sliding sales in the July-September period. The carmaker's European operating profit dropped to 8.3 billion yen ($76.
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Reports from Japan earlier today that Honda UK Manufacturing (HUM) was slashing vehicle production by 10% in Britain due to faltering demand in Europe were based on an announcement made at the end of September, a plant spokeswoman told just-auto. But she added that Honda was now planning to take another 10,000 cars from the schedules as demand from the UK and Europe continues to shrink.
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General Motors and Cerberus Capital Management LP have asked the U.S.
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Ford has announced a GBP70m investment at its Bridgend engine plant in Wales to produce next generation, low CO2, 1.6-litre, four-cylinder petrol engines.
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Hyundai Motor has been cleared to buy its Italian distributor.
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Honda Motor, Japan's second-largest carmaker, said on Tuesday it would cut output of its Civic compact in the UK from December to meet falling demand in Europe.
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Volkswagen's share price tripled on Monday as short sellers piled into the stock to sew up their speculative positions on news Porsche had bought up nearly all VW's remaining free float.
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Delphi Corporation, which filed for Chapter 11 bankruptcy protection in May 2005, plans to extend until 30 June, 2009 its existing debtor-in-possession credit facility of about $4.35bn, it said in an SEC filing.
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SENIOR EDITOR BOB GRITZINGER: What's stunning about the Versa is the level of equipment in a car at this price point (keyless entry and ignition and steering-wheel audio controls), as well as the interior space.
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Europe may have long resisted the automatic gearbox, but new environmental and fuel efficiency legislation combined with major advances in electronics and manufacturing techniques are paving the way for a flood of new automated transmission technologies.
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Toyota Motor said on Monday it would build a new, 4 billion yuan ($584 million) factory in China with local partner FAW Group Corp, bringing its planned local production capacity to 1 million vehicles a year.
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Since the very beginning, the Nissan Maxima has progressively strayed from its sport sedan origins in favour of the middle-class. The latest generation is a little more exciting but definitely not sporty. With the introduction of the new 2009 Maxima, Nissan is trying very hard to re-establish its large sedan's pedigree. To the point where ads for the car associate it with the outrageous GT-R.
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Since the very beginning, the Nissan Maxima has progressively strayed from its sport sedan origins in favour of the middle-class. The latest generation is a little more exciting but definitely not sporty. With the introduction of the new 2009 Maxima, Nissan is trying very hard to re-establish its large sedan's pedigree. To the point where ads for the car associate it with the outrageous GT-R.
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GM's small pickup trucks are heading into 2009 with a slew of new or updated features. Most notable among them is the availability of the automaker's 5.3 liter V8 engine, which delivers 300 horsepower and 320 lb-ft of torque. The new V8 option is available on extended cab and crew cab models.
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Ducati's Casey Stoner did not lose any time after his victory in Valencia by setting the fastest time of the day in what is the first post-season MotoGP test on the Spanish circuit. Top riders Dani Pedrosa (Honda) and Valentino Rossi (Yamaha) were also on hand with second and third place.
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Another sign that the global economy is slowing down dramatically is that Eastman Kodak Co. is ending its 22-year sponsorship in NASCAR and putting more sports marketing dollars into professional golf.
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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
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