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Jan
28th

Mercedes-Benz SLC supercar spied on the road:

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There is life after the SLR for Mercedes, and spy shooters have caught plastic-clad versions of the new SLC that's due for 2011. Full story...
Jan
28th

Japan sales slide 4.8% as global meltdown hits home

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Honda and Suzuki were the only Japanese automakers with higher domestic sales in 2008. Overall, domestic sales fell 4.8 percent from 2007. Light-vehicle sales fell to 4,920,212 in 2008, dragged down by a 13. Full story...
Jan
28th

UAW agrees to drop Jobs Bank at GM

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The UAW has agreed to let General Motors terminate its Jobs Bank, providing the automaker with the same bailout concession made to Chrysler LLC last week, GM confirmed today. Full story...
Jan
28th

JAPAN: Nissan global output down 36% last month

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Nissan Motor's global production in December fell 35.9% year-on-year to 176,174 units, the company said on Wednesday. Full story...
Jan
28th

JAPAN: Investors brace for lower automaker results

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The news that Toyota is expecting to post its first ever operating loss in the full year to March 31 is perhaps bad enough. Full story...
Jan
28th

JAPAN: Toyota global output off 22.8% in December

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Toyota group worldwide production fell 22.8% year on year to 552,584 units last month. Full story...
Jan
28th

US: Henry Ford descendent to head marketing

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Ford has appointed the great-great-granddaughter of founder Henry Ford as director, global marketing, sales and service operations. The new role is a part of changes to the company's global marketing organisation. Full story...
Jan
28th

THAILAND: Toyota asks for hybrid tax breaks

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Toyota Motor Thailand has called for the government to step up promotion of hybrid cars including tax incentives to encourage local production. Full story...
Jan
28th

Supplier GKN cuts further 1,400 jobs

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UK supplier GKN announced a further 1,400 layoffs on Wednesday and said it plans more cuts in 2009. Full story...
Jan
28th

Spain car sales to fall to 900,000 in 2009

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Spanish new-car sales could fall to 900,000 in 2009 from 1.16 million in 2008, car manufacturers' association ANFAC said on Wednesday. Full story...
Jan
28th

US: Nissan to axe jobs, close sales offices

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Nissan is to axe around 110 jobs and close four regional sales offices in the US as it seeks to remain competitive in the market. The actions include a restructuring of the Nissan North America (NNA) sales and marketing operations and the integration of Nissan Design America (NDA). Full story...
Jan
28th

Ford’s Fleming says EU not doing enough to aid industry

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Ford of Europe CEO John Fleming called for EU leaders to do more to help the crisis-hit auto industry. Full story...
Jan
28th

JAPAN: Mitsubishi global output falls 38.5%

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Mitsubishi Motors Corporation (MMC) global production last month fell 38.5% year on year to 72,916 units, the 10th consecutive monthly decrease since March. Full story...
Jan
28th

Conti credit rating lowered to junk status

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German supplier Continental had its rating lowered to junk status by Standard and Poor's credit rating company. Analysts at SandP called Continental's liquidity weak, mainly due to "substantial" refinancing needs in the medium term. Full story...
Jan
28th

JAPAN: Mazda output off 41.3% in December

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Mazda global vehicle production plunged 41.3% year on year to 68,111 units in December. Full story...
Jan
28th

Ukrainian carmaker sells stake to UK investors

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Ukraine's large carmaker, Bogdan, said on Tuesday it had sold a 5 percent stake of the company to a British investment company, NLV Private Equity and Investment. Bogdan increased production of cars to 88,316 units in 2008 from 54,068 a year earlier. Full story...
Jan
28th

VW Portugal to slow output

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Volkswagen's Portuguese plant, Autoeuropa, is to halt some production lines temporarily in the first quarter to meet falling demand but will maintain investment plans through 2010. Full story...
Jan
28th

UK: GM’s Ampera not yet confirmed for UK

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General Motors Europe (GME) has not yet confirmed the Ampera for sale here in the UK but it would be branded a Vauxhall if launched, a spokesman said on Wednesday. Full story...
Jan
28th

JAPAN: Toyota recalls 1.35m cars

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Toyota Motor is recalling over 1.35m cars worldwide largely because of problems with seatbelts although some are being called back because for exhaust faults. Full story...
Jan
28th

SPAIN: Sales of family cars look set to plummet

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Sales of new family cars in Spain could significant fall significantly this year, the leading automakers association has said. Full story...
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