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Jan
22nd

SandP says it may downgrade Fiat ratings

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Standard and Poor's today placed ratings of Fiat SpA and its North American unit CNH Global NV on review for a possible downgrade, citing the group's growing debt burden, shrinking liquidity position and the troubled outlook for the car sector. Full story...
Jan
22nd

Marchionne won’t run Chrysler

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Fiat Group CEO Sergio Marchionne said today he has "absolutely no intention" to run Chrysler LLC if the two companies complete a proposed partnership. Full story...
Jan
22nd

ITALY: Fiat cuts ’09 profit forecast as Q4 slides

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Fiat has cut its 2009 earnings forecast and said it won't pay a dividend after Q4 profit plunged as the recession hit its sales. Full story...
Jan
22nd

Toyota’s world of hyper kaizen takes hold

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Curious about how Toyota really works? Check out this episode: A Toyota engineer has to make a business trip from company headquarters in Nagoya to Tokyo. Full story...
Jan
22nd

CHINA: Brilliance plans new car plant

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Brilliance Auto, the Chinese partner of BMW, plans to build a RMB3bn (US$439m) car plant in north east China. Full story...
Jan
22nd

Supplier Dura moves toward going private

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Supplier Dura Automotive Systems Inc., which emerged from Chapter 11 reorganization last summer, is taking the first step toward becoming a private company, according to regulatory documents filed late Wednesday. Full story...
Jan
22nd

SOUTH KOREA: Hyundai postpones Brazil plant

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Hyundai Motor is reported to have put expansion plans in Brazil on hold, postponing the building of a US$600m assembly plant announced last September due to the global economic slump. Full story...
Jan
22nd

UZBEKISTAN: GM powertrain JV set up

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GM and Uzavtoprom have completed the creation of their joint venture to produce automobile engines in Uzbekistan's Tashkent region. Full story...
Jan
22nd

FRANCE: Renault chief to forgo bonus for aid

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Renault chief Carlos Ghosn has said he would forego his bonus payment this year after the French government announced a large aid package for struggling car makers. Full story...
Jan
22nd

US: TMS eyes iQ for US

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Toyota Motor is considering selling the new IQ microcar in the US market, a senior executive said. Full story...
Jan
22nd

Hyundai profit falls 8.9% in 4th quarter

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Profit at Hyundai Motor Co. slid 8.9 percent in the fourth quarter, despite help from favorable exchange rates that lifted revenue from exports. Operating income sank to 581 billion won ($524.8 million) in the three months ended Dec. 31, from $576. Full story...
Jan
22nd

SOUTH KOREA: Kia sticks to US production schedule

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Kia is staying on schedule with plans to start production in its key US export market. Full story...
Jan
22nd

SOUTH KOREA: Hyundai, Kia, post lower profits

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Hyundai Motor and affiliate Kia Motors have posted sharply lower operating profits. Full story...
Jan
22nd

Detroit round-up gallery

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Highlights from the US show floor, plus a Presidential debut. Full story...
Jan
22nd

Chrysler 200C

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Chrysler 200C leads green charge Full story...
Jan
22nd

BRAZIL: Fiat puts workers on forced leave

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Fiat has put some 800 workers at its main Brazilian plant on leave for 10 days to cut output and reduce growing inventory. Full story...
Jan
22nd

Next-generation Porsche 911 spied frolicking in the snow:

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The next-generation Porsche 911 is proving to be an alluring target for spy shooters, who have caught coupe and cabriolet versions undergoing snow testing in the dead of night. Full story...
Jan
22nd

RUSSIA: Ford restarts St Pete production

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Ford has said that it has resumed production at its Russian plant after a steep drop in local demand forced it to half production for a month. Full story...
Jan
22nd

GERMANY: MAN wins IPR lawsuit in China

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According to Die Welt, a Chinese court has ruled that a local busmaker must to pay MAN AG some EUR2.5m in compensation, after being found guilty of copying the design of its Starliner luxury bus. Full story...
Jan
22nd

CHINA: Skoda doubles China sales

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Skoda sold 59,284 cars in China last year, a gain of 117% on the previous year. Full story...
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