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Dec
6th

F1 : Jenson Button could test Toro Rosso next week

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Contracted Honda driver Jenson Button could flee the beleaguered team before the start of the 2009 season. Full story...
Dec
6th

F1: Bruno Senna to seek ‘other options’ for 2009

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Bruno Senna may now turn to the Toro Rosso team to fulfil his desire to join the formula one ranks in 2009. Full story...
Dec
6th

Formula BMW: French Jim Pla claims Super Pole for World Final in Mexico

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Jim Pla (FR) secured an excellent starting position for what he hopes will be a successful Formula BMW World Final campaign. Full story...
Dec
5th

Toyota cuts North American production further

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Toyota Motor Corp. late today said it was cutting North American production of its best-selling cars including the Camry and Corolla sedans in response to rising inventories and a slump in sales. Full story...
Dec
5th

Report: Chrysler operations in chaos; suppliers may ask for COD

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DETROIT -- The exit of 5,000 salaried employees in the past week has created )x("”",chaos” within Chrysler LLC, and the company's suppliers are nervous about a potential bankruptcy filing, according to a report published today. Full story...
Dec
5th

Ford of Canada asks for government line of credit

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Ford Motor Co. is asking Canadian governments for a $2 billion (Canadian), or $1.57 billion U.S., line of credit to tap in the event of a worsening economy. Full story...
Dec
5th

Jesse Jackson calls for pro-Detroit 3 rallies

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Civil rights leader Jesse Jackson wants the 4 million Americans he estimates will lose their jobs if the Detroit 3 go out of business to support the companies with massive, peaceful, public demonstrations. Full story...
Dec
5th

Mercedes says F1 racing teams must cut costs by half

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German carmaker Mercedes-Benz said today that Formula One teams must cut costs by at least 50 percent over the next two years. Full story...
Dec
5th

Expert: More Detroit 3 cuts could hit Canada, U.S. before Mexico

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If the Detroit 3 close more plants in North America, Canada is likely to bear the brunt of it before the United States and Mexico do, an industry analyst said here this week. Full story...
Dec
5th

GM vehicle death list is complicated

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General Motors says it will eliminate eight nameplates by 2012. But determining which vehicles will go isn't as simple as finding eight sales duds in GM's lineups. GM did not release a list of nameplates to be dropped. Full story...
Dec
5th

Report: Chrysler hired law firm Jones Day for bankruptcy work

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Chrysler LLC retained the services of the international law firm Jones Day as bankruptcy counsel several weeks ago, The Wall Street Journal reported today, citing sources familiar with the matter. Full story...
Dec
5th

Chrysler says legal firm advised against bankruptcy filing

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Chrysler LLC confirmed today that it had hired global law firm Jones Day to assess financial alternatives -- and said the legal firm's analysis supports the auto industry stance that bankruptcy isn't a viable option. Full story...
Dec
5th

Nardelli: More Chrysler dealers going out of business

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Chrysler LLC CEO Bob Nardelli says 240 Chrysler dealers have been forced out of business this year because they could not get access to adequate financing. Full story...
Dec
5th

INDIA: Price war breaks out

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Carmakers in India have slashed prices as the once booming industry struggles to maintain sales amid a slower economy and tighter credit. Full story...
Dec
5th

US: Michigan lawmaker proposes auto bridge loan

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Michigan Republican Representative Thaddeus McCotter has proposed a plan to give the US auto industry a much needed bridge loan while also punishing the financial industry for its handling of bail-out funds. Full story...
Dec
5th

Lawmaker warns of automaker job loss ‘disaster’

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A senior U.S. congressional leader warned today of an "unmitigated disaster" if a major U.S. automaker were allowed to collapse at a time when the economy is already losing jobs at an alarming pace. Full story...
Dec
5th

Support grows for interim bailout plan

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A key lawmaker in the automaker bailout debate says consensus is building for at least an interim rescue package this year, but questions remain over the source of the federal funds. Rep. Barney Frank, D-Mass. Full story...
Dec
5th

Congress nears accord on Detroit 3 bailout

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Democratic leaders of Congress indicated this evening they have reached agreement on a bailout plan for the Detroit 3. The accord would provide short-term loans to General Motors, Ford Motor Co. Full story...
Dec
5th

UK: Honda F1 withdrawal a marketing opportunity – MIA

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Honda's withdrawal from Formula One presents an opportunity for another company - not necessarily in the automotive business - to acquire a product or brand marketing channel with a vast global audience, the Motorsport Industry Association's chief executive told just-auto on Friday. Full story...
Dec
5th

Bologna Motor Show 2008

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Home of the best Bologna Motor Show news, Auto Express's team of journalists are live at this years Italian expo bringing you all the latest and breaking news. Full story...
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