General Motors on Thursday requested a second infusion of $4bn in January as it promised to speed cost cutting, including labour, and attempt to reduce its huge debt in return for US government help.
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Nissan Motor is to recall close to half a million vehicles because of faulty wiring and brake lamps though no accidents have been reported because of the faults.
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Daihatsu's Move minicar was Japan's top selling new car for the third consecutive month, according to just released industry data.
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The recession will result in severe market contraction and widespread closure of franchised workshops and independent garages in the UK over the next five years. That's just one of the disturbing findings of the authors of the Castrol Professional Car Service & Repair Trend Tracker 2008.
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Moody's Investors Service has downgraded the debt ratings of Chrysler LLC and its finance company Chrysler Financial Services Americas LLC.
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Moody's Investors Service has downgraded the debt ratings of Chrysler LLC and its finance company Chrysler Financial Services Americas LLC.
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Barely five months after scrapping two shifts of F-150 production, Ford Motor Co. is reversing course and is planning overtime assembly of the pickup. Ford will restore a shift of F-150 production at its suburban Kansas City, Mo.
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Chrysler CEO Robert Nardelli told Congress today that the automaker has identified about $4 billion in potential cost savings and improvements.
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The collapse of auto industry sales has cost Chrysler LLC about $16 billion in lost revenues, CEO Bob Nardelli said in U.S. Senate testimony today. In submitting a request for a $7 billion loan to a U.S.
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French President Nicolas Sarkozy has announced an EUR1.5bn boost, including a scrappage incentive, for France's auto industry as part of a package of measures designed to shore up France's weak economy.
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If Congress demands contrition from the Detroit 3 in exchange for at least $34 billion in emergency federal loans, General Motors CEO Rick Wagoner is offering it. )x("",We made mistakes, Wagoner told the Senate Banking Committee today.
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The Detroit 3 CEOs won a warmer reception in Congress today than they did two weeks ago as Senate leaders said they were searching for ways to provide emergency loans.
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Volkswagen CEO Martin Winterkorn and four other executive board members earned 25 million euros ($32 million) on VW shares and will give 10 percent of their earnings to charity. They are donating a total of 2.
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Brand new Tata shows off Indian firms impressive vision of the future.
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Sales of new imported cars in Japan, including Japanese brands built abroad, fell by 37.7% year-on-year in November, according to data released by the Japan Automobile Importers Association (JAIA).
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Disappointment and heartache in the truck business have failed to dampen Nissan North America Inc.'s enthusiasm for big trucks. Nissan today will unveil in suburban Detroit the largest U.S.
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Disappointment and heartache in the truck business have failed to dampen Nissan North America Inc.'s enthusiasm for big trucks. Nissan today unveiled in suburban Detroit the largest U.S.
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Quick response has helped Mazda ride the recession so far better than most of its rivals, Mazda Motor Europe's president said a the Bologna show.
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France took steps to shore up its embattled car industry on Thursday by giving incentives to consumers to buy new cars and pledging a 1 billion euro ($1.3 billion) credit line to help people finance any purchases.
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Overall vehicle sales in Canada fell 10.3% in November to 105,221 units versus the 117,284 sold in November 2007, according to figures released by a trade organisation.
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