The government will delay planned 2009 car tax increases for at least one year
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Turkish automotive output shrank more than 20 percent in October, industry data showed on Tuesday, as the vital export sector felt the impact of the abrupt downturn in European vehicle demand.
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U.S. President-elect Barack Obama urged President George W. Bush to pass a second stimulus package to help the U.S. economy and asked him to use existing bailout measures to help the ailing auto industry, an aide said on Tuesday.
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U.S. President-elect Barack Obama urged President George W. Bush to pass a second stimulus package to help the U.S. economy and asked him to use existing bailout measures to help the ailing auto industry, an aide said on Tuesday.
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Daimler's Smart brand is seeing a major uplift to sales and production this year on the back of its introduction to the US.
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Global economic woes have reached Romania to affect Renault's shining-star low-cost brand and a steel maker.
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Sumitomo Metal Industries and Sumitomo Corporation have completed the acquisition of Norton Manufacturing Company. The deal was agreed in August 2007 and sees the start of operations at the newly-established SMI Crankshaft.
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Bike star set to swap two wheels for four in December’s Wales Rally GB to raise funds for Children in Need by racing Focus in end-of-season event.
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Ferrari has pulled the wraps from its F430 Scuderia inspired Spider
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For the first time in modern grand prix history, all the top teams will have the same driver line-ups in 2009 as they did this year.Ferrari, McLaren, BMW-Sauber and Toyota had already confirmed that they would be keeping their current names.
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The Society of Indian Automobile Manufacturers (SIAM) is to host a brainstorming session with automakers and revise growth targets for the current fiscal year after next month's results are out.
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Russia's car output rose 20.1% year-on-year to 1.127m units in January-September, according to the Industry and Trade Ministry.
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General Motors shares plunged more than 30% Monday after an analyst forecast their price would fall to zero, saying that even if there is a government bailout, shareholders would not benefit.
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General Motors shares plunged more than 30% Monday after an analyst forecast their price would fall to zero, saying that even if there is a government bailout, shareholders would not benefit.
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Delphi has reported third quarter net income of $5.2bn on revenues of $4.4bn though the results included gains of $5.7bn related to the GM settlement and restructuring agreements executed in September.
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China's National Development and Reform Commission (NDRC) has told Chinese automakers to increase efforts to cooperate in developing electric cars, according to the South China Morning Post.
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As the Indian economy and auto market slows, automotive supplier companies are complaining that automakers are extending payment deadlines and that suppliers are therefore facing costly delays in getting paid.
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President-elect Barack Obama on Monday urged President Bush to support immediate emergency aid to the beleaguered US auto industry in his first meeting at the White House in Washington.
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General Motors now plans to lay off an extra 5,500 production workers following its announcement of massive third quarter losses last week.
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Toyota has begun production of its new five-passenger Versa exclusively for North America. The new crossover is made by Toyota Motor Manufacturing, Kentucky (TMMK).
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