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Nov
27th

GM Europe aims to cut labor costs at least 10%

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Trade unions at General Motors Europe say they will fight plans to cut costs at the automaker. Full story...
Nov
27th

Europe’s carmakers welcome EU aid package

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Europe's carmakers have welcomed a proposed EU aid package aimed at boosting the sagging European economy. Full story...
Nov
27th

SOUTH KOREA: Car market seen down 8% in ’09

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The Korea Automobile Manufacturers Association (KAMA) has forecast that car sales in South Korea will decline by 8% in 2009. Full story...
Nov
27th

MALAYSIA: Proton delivers second quarter profit boost

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Increased revenues and sales volumes have helped Proton Holdings Berhad report a rise in second quarter profits, the Malaysian carmaker said today. Full story...
Nov
27th

UK: Johnson Matthey warns of tougher second half

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Johnson Matthey has reported a strong first half to the year but warned that it now expected its second half performance to be behind the same period last year as the global car market contracts. Full story...
Nov
27th

BRAZIL: PSA extends festive break at Porto Real

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PSA Peugeot Citroën has said it will send its 3,500 employees at the Porto Real plant, in Rio de Janeiro state, on extended vacation from December 8 through January 7. Full story...
Nov
27th

Stick it to Lewis!

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Get set for super-fast postal deliveries. Full story...
Nov
27th

RUSSIA: AvtoVAZ seeks big loan

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AvtoVAZ is reportedly seeking a credit of up to US$1bn from state bank VEB. Full story...
Nov
27th

US: Americans ‘reluctant’ on Big 3 bailout

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Like many in Congress, many Americans are reluctant to support a bridge loan for General Motors, Ford, and Chrysler, a recent Morpace Omnibus Study showed. Full story...
Nov
27th

Automakers face tougher safety test

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Starting in February 2009, EuroNCAP will factor in results from a whiplash test to make it harder for carmakers to earn its best score - five stars - in adult occupant safety. Full story...
Nov
27th

£32,000 ForTwo is Smartest yet

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Luxury couture brand Hermes has created the perfect car for green fashionistas. Following its take on the Bugatti Veyron, the Paris outfit has turned to the Smart ForTwo (below). Full story...
Nov
27th

GERMANY: Opel Bochum needs urgent support now say unions

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Opel employee representatives are stepping up their calls for government support and say that 6,000 jobs at the Bochum plant are at immediate risk. Full story...
Nov
27th

GERMANY: Court rules against Porsche in VW case

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A Hanover court has ruled against Porsche in a complaint designed to remove the state of Lower Saxony's 20% blocking minority in Volkswagen AG. Full story...
Nov
27th

2010 Toyota iQ – The Cars We Need Now!

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2010 Toyota iQ - The Cars We Need Now!
2010 Toyota iQ - Small European Cars, Fuel Efficient News, Car Features and Reviews - Automobile Magazine
The little Toyota rides better than expected, accelerates smoothly, and is, at least in diesel guise, quite sporty.

When a car is badged iQ, it needs to be more clever than its competition, cars like the Smart, the Mini Cooper, and the Fiat 500. To eclipse those vehicles, Toyota chose a radically different vehicle architecture that measures just less than ten feet in length, five and a half feet in width, and five feet in height. That makes the iQ about as wide and as tall as a Corolla and less than a foot longer than a Smart, and yet it can seat up to four people. An optical illusion? A magician's masterpiece? Wishful thinking? None of it. The automaker simply evolved the original microcompact Smart car architecture conceived by Mr. Swatch, Nicolas Hayek. The crucial move-apart from installing a front-mounted drivetrain-was to bring the passenger seat forward by half a length, thereby making room for a full-size third seat in row two. Next to it, there's just about enough space to accommodate a child, but only if the driver is willing to move close to the steering wheel. Where the Smart has its powertrain, the iQ has its trunk. It isn't huge, but the space can be easily expanded by tipping the rear seatbacks forward.


Photo Gallery: 2010 Toyota iQ - Small European Cars, Fuel Efficient News, Car Features and Reviews - Automobile Magazine


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Nov
27th

Jaguar XFR is unleashed

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Supercharged flagship ready to muscle in. Full story...
Nov
27th

UK: UK car market may fall to 1.7m in ’09 – Toyota

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Toyota GB managing director Miguel Fonseca says things look bleak for car sales in his home country, Spain where the market is down 40% - but he warns the UK might be just as bad this month. Full story...
Nov
27th

Report: Schaeffler hires J.P. Morgan to restructure debt

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Schaeffler Group has hired J.P. Morgan to restructure the debt it needs to take over Continental, the Handelsblatt newspaper reported, citing financial sources. J.P. Morgan is already in talks with banks to reshuffle the 16 billion euro ($20. Full story...
Nov
27th

Report: GM mulls dropping Saab to win U.S. govt. aid

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General Motors is mulling whether to drop its Saab, Pontiac, Saturn brands, as well as its Hummer brand, as part of a plan to win $12 billion of U.S. government loans, Bloomberg News said on Wednesday, citing people familiar with the matter. Full story...
Nov
27th

Hanover court rules against Porsche in VW case

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A German regional court upheld on Thursday corporate statutes at Volkswagen that effectively let the state of Lower Saxony veto any major plans that controlling owner Porsche may have for the world's third-largest carmaker. Full story...
Nov
27th

EU sets Germany deadline to comply on VW law

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The European Commission on Thursday gave the German government two months to alter a law that shields Volkswagen from takeover. Full story...
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