Toyota is expected to cut its global sales plan for 2009 to below 9m vehicles, down at least 7% from its previous forecast, according to a Japanese newspaper.
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Shanghai Volkswagen (SVW) will showcase two hydrogen fuel cell-powered cars modeled on Passat Lingyu, a midsize sedan, at the Los Angeles Auto Show, according to the Shanghai Securities News.
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The German Chancellor Angela Merkel is holding crisis talks today with executives of Opel.
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Automakers in Europe already are putting the brakes on 2009 production.
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Family-owned transmission maker Getrag Group is about to trip over its own lofty growth plans, according to the company's works council and an official with the IG Metall union.
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As the US Congress considers support for the domestic automobile industry, a group comprising representatives of Chrysler's US dealer network will visit Capitol Hill on Tuesday, November 18 and Wednesday, November 19, to discuss their concerns.
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Toyota will offer zero interest loans on its new cars across Europe to revive sagging sales, the Nikkei business daily has reported.
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As concerns grow over the outlook for car demand across the world, Renault executive Patrick Pelata has said that he expects the European automobile market to fall by 20% in 2009.
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General Motors will sell back its 3 percent stake in Suzuki Motor for $232 million as the struggling U.S. automaker seeks to raise cash.
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Renault Chief Operating Officer Patrick Pelata expects the European automobile market to fall by around 20 percent in 2009, he said in an interview with Le Parisien newspaper published on Monday.
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The German government will do everything necessary to help carmaker Opel but must make sure competition rules are respected and that any aid does not trigger a flood of demands for help, a spokesman said on Monday.
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The German government will do everything necessary to help carmaker Opel but must make sure competition rules are respected and that any aid does not trigger a flood of demands for help, a spokesman said on Monday.
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The German government is ready to talk with troubled carmaker Opel, but will not offer blanket aid to entire industries suffering due to the financial crisis, Finance Minister Peer Steinbrueck said.
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Companies that supply parts to the 2009 Nissan Maxima include: "TRW, Cooper-Standard, CalsonicKansei, Dana, NOK, GKN Driveline, Vibracoustic, KSR International, PPG, Amtex, ZF, Siegel-Robert, Guardian Automotive, U.S.
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They lost this month's election, badly. But Republicans in the White House and Congress are showing they still have clout. They are providing major -- and potentially fatal -- opposition to emergency federal aid to the Detroit 3 by year end.
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Chrysler LLC is pleading with its dealers to buy more cars by year end and is offering $150 million in extra incentives to persuade them. That will boost Chrysler's fourth-quarter incentive spending to $650 million, Chrysler executives told dealers.
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President-elect Barack Obama said the federal government must help the Detroit 3 get through their cash crisis while making sure that any aid to the automakers creates a "sustainable'' industry.
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Democratic leaders in Congress are toughening the conditions they intend to place on emergency loans to the Detroit 3.
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