Toyota Motor has put on ice a joint venture with Isuzu Motors that was developing a 1.6-litre aluminium diesel engine for vehicles sold in Europe.
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Mitsubishi Motors Europe president and CEO Tim Tozer is leaving after four years to become CEO of Netherlands-based Autobinck Holding, a vehicle distributor and retailer based in The Hague founded in 1907.
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Volkswagen has denied local media reports it would stop production in China for a month to reduce swelling inventory.
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China's vehicle output last month was 8.704m and sales volume 8.6298m units, the China Association of Automobile Manufacturers said.
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New car sales in the UK may not recover for five years, Toyota GB managing director Miguel Fonseca has warned.
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The Volvo S60 concept headed for the Detroit auto show in January carries a heavy dose of fantasy features while offering a strong hint of the 2010 production car.
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Auto-parts maker Johnson Controls Inc.
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South Korean automakers expect both domestic sales and exports to fall next year as the global downturn spreads.
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A prepackaged bankruptcy filing with government financial aid is the most likely scenario for the three large U.S. automakers, Moody's Investors Service said on Monday.
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Germany's Opel, a unit of GM, is increasing production at its key Ruesselsheim plant to keep up with demand for its new Insignia model.
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If all three Detroit automakers go out of business, the Canadian province of Ontario could lose 517,000 jobs by 2014, the Toronto Star newspaper reported on Tuesday, citing a new provincial report.
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Amid all the cutback gloom, some good news - a key supplier is to build a new parts plant in China.
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Volvo will add new safety features and more fuel-saving technology to its next S60 sedan, which will debut as a concept at the Detroit auto show in January.
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Fiat's admission that its car business needs a partner to survive the economic crisis is as much a way to put pressure on the Italian government as it is an invitation to potential buyers.
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The UK auto industry urgently needs government funding to prevent the economic downturn causing severe damage, the head of the country's trade association said.
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Chinese-owned South Korean sport utility vehicle maker Ssangyong Motor on Tuesday said it would stop production for two weeks from tomorrow (16 December) after sales fell.
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Seat will reduce will production at its Martorell plant in the first half next year as sales fall and the outlook remains uncertain.
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If General Motors was forced into Chapter 11 bankruptcy, the US government could have to lend it about US$30bn to help it through or risk a series of failures in the auto industry, a leading bank has said.
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One of the world's largest component suppliers, Robert Bosch GmbH, is expanding its solar panel business.
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The Bush administration is likely to provide some help to struggling Detroit automakers as early as Wednesday (17 December) but it could be as little as US$10bn, "a bridge to a bridge loan" as one report put it.
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