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Nov
11th

2009 tax hikes scrapped

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The government will delay planned 2009 car tax increases for at least one year Full story...
Nov
11th

Turkish October automotive output plunges

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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. Full story...
Nov
11th

Obama urges Bush to offer immediate aid to ailing Detroit 3

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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. Full Story...
Nov
11th

Obama urges Bush to offer immediate aid to Detroit 3

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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. Full Story...
Nov
11th

FRANCE: Smart gets US boost

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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. Full Story...
Nov
11th

ROMANIA: Auto and steel makers shut shop temporarily

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Global economic woes have reached Romania to affect Renault's shining-star low-cost brand and a steel maker. Full story...
Nov
11th

US: Sumitomo completes Norton Manufacturing buy

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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. Full story...
Nov
11th

Rossi’s rally comeback

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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. Full story...
Nov
11th

Ferrari Scuderia Spider 16M

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Ferrari has pulled the wraps from its F430 Scuderia inspired Spider Full story...
Nov
11th

No change at top teams

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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. Full story...
Nov
11th

INDIA: Automakers again may revisit FY targets

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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. Full story...
Nov
11th

RUSSIA: Car output up 20% in first nine months

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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. Full story...
Nov
11th

US: GM shares plunge on gloomy analysis

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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. Full Story...
Nov
11th

US [updated 17:00GMT]: GM shares plunge on gloomy analysis

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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. Full story...
Nov
11th

US: GM help takes Delphi to Q3 profit

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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. Full story...
Nov
11th

CHINA: Government urges electric vehicle cooperation

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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. Full Story...
Nov
11th

INDIA: Suppliers face payment difficulties

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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. Full story...
Nov
11th

US: Obama urges Bush to aid automakers

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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. Full story...
Nov
11th

US: Another 5,500 GM workers to go

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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. Full story...
Nov
11th

US: Toyota Venza production starts

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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). Full Story...
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