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Dec
17th

JAPAN: Tyre production seen down 5% in 2009

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The production of tyres in Japan is expected to drop by 5% in 2009 as car sales fall worldwide, according to industry figures released today. Full story...
Dec
17th

SWEDEN: Volvo order book shrinks

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Volvo had more orders cancelled in October and November than it had truck sales. Full story...
Dec
17th

ITALY: Fiat extends production shutdown

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Fiat is to extend the closure of some of its factories in Italy as the company comes to terms with falling sales. The Italian carmaker had previously announced shutdowns over the Christmas period, but has now said that some facilities will remain closed further into January than thought while one will be shut until February. Full story...
Dec
17th

JAPAN: Honda forms hybrid battery JV

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GS Yuasa and Honda Motor have agreed to form a joint venture to make high-performance lithium-ion batteries primarily for hybrid vehicles. The pair aim to establish the new company around next spring. Full story...
Dec
17th

Turkish automotive production down 50% in November

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Automotive production in Turkey fell by 50 percent year-on-year in November, while passenger car production fell 54 percent in the same period, the Turkish Automotive Industry Association (OSD) said on Wednesday. Full story...
Dec
17th

Turkish automotive production down 50%

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Production in Turkey's vehicle industry halved in November from a year earlier, as the leading export sector felt the impact of an abrupt downturn in European demand as a result of the global financial crisis. Full story...
Dec
17th

GERMANY: Auto plants cut 2009 hours

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Tens of thousands of German auto workers will be on short time during the first few months of 2009. Full story...
Dec
17th

JAPAN: Toyota to increase use of eco plastics

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Toyota has announced plans to use more plant-derived, carbon-neutral plastics in its vehicle components from next year. Full story...
Dec
17th

JAPAN: Honda slashes profit predictions

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Honda has said its fiscal year operating income will fall 81.1% year on year and has cut a further 54,000 units of Japanese auto production. It is also delaying the launch of some diesel models in the US and Japan. Full story...
Dec
17th

THAILAND: Thai vehicle sales drop 20% in November

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Thai vehicle sales plunged by almost 20% in November to 46,068 units - from 57,410 units a year earlier, according to data released by distributor Tri Petch Isuzu Sales Co Ltd. Compared with the previous month volumes were 5.9% lower, as domestic confidence was hit by the country's growing political instability and the worsening global economic outlook. Full story...
Dec
17th

US: Automaker bankruptcy seen

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A senior US government official said an auto industry bailout was being put together as quickly and carefully as possible while a new ratings report showed bankruptcy was the most likely way the industry would be restructured. Full story...
Dec
17th

Honda issues 3rd profit warning

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Honda lowered on Wednesday its annual operating profit forecast by 67 percent, its third profit warning this year, as a deepening financial crisis hammers global car demand and sends the yen soaring. Full story...
Dec
17th

GM and SAIC open new China car manufacturing plant

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General Motors and its China partner SAIC Motor opened a new car manufacturing plant in northeast China on Wednesday with an annual production capacity of 150,000 units. Full story...
Dec
17th

DETROIT PREVIEW: Volvo concept heralds S60 redesign

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Volvo is to unveil its S60 Concept at the Detroit motor show early next month, saying it's "an indication" of what the redesigned model will look like when launched in 2010. Full story...
Dec
17th

Subaru to debut Legacy concept at Detroit show:

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Subaru will show a Legacy concept at next month’s Detroit auto show to help celebrate 20 years of the car's production. The concept also offers a glimpse of what the next-generation Legacy will look like when it arrives for the 2010 model year. Full story...
Dec
17th

Ford CEO expects lots of interest in Volvo

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Ford Motor is considering strategic options for its Swedish luxury Volvo brand "right now" and expects lots of interest in the brand, CEO Alan Mulally said on Tuesday. Full story...
Dec
17th

Ford’s electric van will have European roots

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Ford Motor Co.'s new electric van, announced as part of a turnaround plan submitted to Congress this month, will come from the European-developed Transit line, CEO Alan Mulally said. Full story...
Dec
17th

Auto rescue will be quick, ‘prudent,’ Paulson says

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A government bailout for U.S. Full story...
Dec
17th

F1: Teams invited to field third cars

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To boost the 2009 Grand Prix grid from its current 18 cars, Formula 1 teams may be invited to field third cars. Full story...
Dec
17th

F1: David Richards turning focus to Formula 1 bid

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In a twist of fate, Subaru's withdrawal from the world rally championship could pave the way for David Richards' Prodrive to enter formula one. Full story...
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