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Jan
30th

SOUTH AFRICA: Volkswagen cutting 400 on “voluntary basis”

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Volkswagen is to cut 400 jobs in South Africa as it scales back production there due to falling domestic and export demand. Full story...
Jan
30th

Porsche Cayman moves closer to 911–for less money:

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How's this for an ad slogan? "Porsche 911 Carrera: A $15,400 back seat for really small people." Full story...
Jan
30th

JAPAN: December auto output plunge a record

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Japanese vehicle production plunged a record 25.2% year on year last month, to 725,552 vehicles, the steepest decline since comparable records began in 1967, the Japan Automobile Manufacturers' Association said. Full story...
Jan
30th

MEXICO: Toyota idling vehicle plant for five days

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Toyota will idle a car plant in northern Mexico for five days next month due to falling demand. Full story...
Jan
30th

Ultimate Mazda 3 set to turn up heat

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Spied on test, new hot hatch gets previous car’s engine, but is lighter, and promises more pace. Full story...
Jan
30th

Cool new Octavia vRS ups the ante

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More kit and lower price for Skoda, but only 500 to be built Full story...
Jan
30th

Star of future is light fantastic

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Study uses tailgate as screen to warn following drivers. Full story...
Jan
30th

Tata Motors slips to loss, no date for Nano launch

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Tata Motors Ltd posted an unexpected loss in its fiscal third quarter ending December. Tata said sales fell 32 percent from a year earlier but the worst appeared to have passed. Full story...
Jan
30th

McLaren P11 supercar spied in the snow:

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In this rare instance, a divorce seems to be benefiting everyone--including supercar fans. Full story...
Jan
30th

MEXICO: Toyota cuts output

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Toyota's manufacturing plant in Mexico will sit idle for five days in February due to lower demand for its products, the company has said. Full story...
Jan
30th

Production version of Aston Martin Rapide sedan revealed:

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The 180-mph super-sedan that Aston Martin will pitch against the Porsche Panamera has been revealed for the first time. Full story...
Jan
30th

THE WEEK THAT WAS: Looks like Japan’s turn now

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I am of an age and disposition that is mostly optimistic. I have lived through recessions before, survived layoffs and like to think this time, too, will pass, though not without considerable pain, as all business sectors, and people in most socio-economic groups, adjust to a new reality. But the news this week, especially of the last few days, surely challenges the most optimistic optimist. Full story...
Jan
30th

THE FRIDAY STORY: Go compare a Ford Transit with a loaf of bread

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The statisticians at Ford of Britain have been busy. They have - perhaps unwittingly - unearthed a price statistic that may cause some to gasp. Full story...
Jan
30th

Marelli signs joint venture with SAIC

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Magneti Marelli of Italy and SAIC Motor Corporation, through its subsidiary Shanghai Automobile Gear Works (SAGW), have signed a joint venture in China to produce hydraulic components for automated manual transmissions. Full story...
Jan
30th

Swiss supplier Rieter optimistic about financing

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Swiss auto parts and textile company Rieter is optimistic about being able to get cash from banks and does not plan to go for a capital hike, the group's head told Reuters on Friday. Full story...
Jan
30th

German government could step up aid to car industry

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Germany's Finance Minister Peer Steinbrueck hinted on Friday that industries like carmaking could receive more government support. In an address to parliament, Steinbrueck said evidence showed the economic situation had "deteriorated dramatically." Full story...
Jan
30th

US: Lear Q4 “dramatically impacted” by global slowdown

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Lear Corporation admitted yesterday that the decline in automotive production had "dramatically impacted" its fourth quarter financials. Full story...
Jan
30th

American Axle posts loss on production cuts

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Drivetrain parts supplier American Axle and Manufacturing Holdings Inc. today reported a wider quarterly loss due to tumbling production volumes by major automakers, and its shares fell 22 percent for the day. The net loss came to $112. Full story...
Jan
30th

Magna boss Stronach calls for swift aid to industry

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Magna International Chairman Frank Stronach said the economic crisis will last into next year unless governments take swift action to counter the downturn. Full story...
Jan
30th

JAPAN: Toyota to post larger full year operating loss – reports

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Toyota Motor is now expected to post a 2008 financial year group operating loss of JPY400bn, up from JPY150bn, according to Japanese media reports on Friday. Full story...
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