Hyundai Motor has suggested yesterday that Beijing should introduce substantial tax concessions to encourage purchases of low-emission vehicles such as hybrids.
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Bosch is looking to scale back production at some of it Asian facilities according to a statement released to the Bombay Stock Exchange.
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Ford Motor Co. will shut down its Hermosillo assembly plant the last two weeks of December and all of January and resume production Feb. 2, the automaker's new president in Mexico said yesterday. Eduardo Serrano, in his first interview with a U.S.
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Luxury car sales in India are now facing a slowdown in sales for the first time in five years.
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Daimler AG says Cerberus Capital Management LP is making new and )x("",exaggerated demands that have hampered Daimler's effort to sell its 19.9 percent stake in Chrysler Holding LLC to the private equity firm.
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Europe's carmakers have welcomed the economic recovery plan presented today by the European Commission. They said it is a welcome first step towards addressing the consequences of the financial crisis, aimed at preventing a prolonged slump in the EU economy and supporting - amongst others - the automotive industry.
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Chrysler LLC is prepared to meet "accountability and viability" criteria requested by Congress as a condition for considering a government bailout for the auto industry, CEO Bob Nardelli said. U.S.
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BMW's Chinese joint venture, BMW-Brilliance Auto, has begun construction of a second plant in China's Northeast province of Liaoning, according to reports.
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Kia Motors is bucking the recent trend of bad news from South Korean auto manufacturers by considering investing up to EUR200m in building an engine plant in Slovakia.
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The European Commission approved on Wednesday a package aimed at boosting the sagging European economy. The plan calls for at least 5 billion euros of extra funding for the hard-hit European car sector, an EU source said.
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Toyota has had its credit ratings cut for the first time in a decade, hitting its shares and raising borrowing costs.
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Great Wall Motor is reportedly in talks with a big Russian car dealer on establishing a joint venture.
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Jaguar Land Rover (JLR) is reportedly looking to reduce the workforce at the British marques and cut production days.
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Yet further evidence of the pressure the Spanish auto industry is under was provided by Ford this week, when the company said it has planned for 21 days of stoppages at its Almussafes plant in Valencia in the first half of 2009.
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Toyota expects its sales in Russia in 2009 will fall below this year's level due to the ongoing impact of the global financial crisis.
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New vehicle sales in Malaysia fell by 12.6% year-on-year in October to 37,512 units compared with 42,915 units a year earlier, according to data released by the Malaysian Automotive Association (MAA). This is the lowest level so far this year after 20% growth in the first nine months of the year.
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Ford of Europe is talking with a European company for the sale of its transmission factory in France.
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Hyundai in the US is hailing its Accent as the country's most dependable and affordable sub-compact car.
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As struggling auto firms cut marketing budgets, exhibiting at auto shows is coming under increasing scrutiny. There have already been a number of high profile pull-outs from January's Detroit Motor Show. However, the organisers of the next Geneva Motor Show are boasting that they have a 'sell-out' on their hands.
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Zero emissions, two-door SC Sport based on FCX Clarity concept and will get McLaren F1 seat layout.
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