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Jan
20th

FRANCE: One in five automotive companies at risk – EU

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One in five automotive companies is in danger of collapse, according to European Union vice president Günter Verheugen. Full story...
Jan
20th

GERMANY: Scrapping incentives seen boosting sales

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The recently announced scrapping incentive programme in Germany should boost new car sales by around 7% this year, according to automotive market research and consultancy company, Polk. Full story...
Jan
20th

Russia car sales could fall up to 50%

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Car sales in Russia could drop by 25 percent to 50 percent in 2009 as the global financial crisis squeezes demand, auditing company PricewaterhouseCoopers (PwC) said on Tuesday. Full story...
Jan
20th

France may pump billions into car industry

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France may pump up to 6 billion euros of aid into the country's ailing car industry, but Prime Minister Francois Fillon warned on Tuesday that automakers would have to safeguard jobs in return. Full story...
Jan
20th

Akio Toyoda named Toyota president amid global crisis:

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Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring a U.S. perspective to the automaker as it battles falling sales and an unprecedented financial crisis. Full story...
Jan
20th

EU will watch Obama auto aid closely

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German Chancellor Angela Merkel and EU Industry Commissioner Guenter Verheugen voiced concern about U.S. government aid to the auto industry ahead of Barack Obama's inauguration as U.S. president. Merkel criticized U.S. Full story...
Jan
20th

CHINA: Skoda adds Fabia to line

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Skoda has launched the Fabia Jingrui into China's AO-class market. Full story...
Jan
20th

BMW cuts production at German plants

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BMW said Tuesday it will introduce short-time work at four of its German plants because "challenging" conditions in global auto markets are hitting the carmaker. Full story...
Jan
20th

CHINA: China wants its own GPS and sat-nav system

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China plans to create its own satellite navigation system by 2015, according to Chinese state media. Full story...
Jan
20th

Akio Toyoda will take over Toyota

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Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring an international perspective to the automaker as it battles falling sales and an unprecedented financial crisis. Full story...
Jan
20th

SOUTH KOREA: Foreign brands back away from Seoul Show

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Import car brands are reportedly backing away from exhibiting at the upcoming biannual Seoul Motor Show. Full story...
Jan
20th

GERMANY: Bosch sets CO2 reduction target

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Bosch has set itself a goal of drastically reducing CO2 emissions from all its sites. Full story...
Jan
20th

MALAYSIA: Changan launches in RHD Malaysia and ASEAN markets

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Changan Berjaya Auto, a subsidiary of Malaysia's Berjaya, launched two (right hand drive) new budget priced passenger vehicles in the country on Monday sourced from China's Changan Automobile. Full story...
Jan
20th

GERMANY: Schaeffler seeks control of Continental board

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Schaeffler Grouup is looking to increase its influence at Continental by reshuffling the company's supervisory board. Full story...
Jan
20th

JAPAN: Mitsubishi i MiEV to start Europe feasibility testing

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Mitsubishi Motors' i MiEV (Mitsubishi innovative Electric Vehicle) is getting closer to tangible reality to European users with the actual start of a pan-European feasibility testing campaign this month. Full story...
Jan
20th

Fiat taking 35% stake in Chrysler:

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Fiat S.p.A. and Chrysler LLC confirmed today that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker. Full story...
Jan
20th

UK: Scrappage policy ‘gains momentum’

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The UK's car retailing association says that momentum is building in favour of a scrappage incentive to raise volume in the UK car market. Full story...
Jan
20th

GERMANY: Daimler to invest EUR70m in new stamping plant

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Daimler has announced that it will build a new stamping plant for exterior truck parts in the southern Bavarian town of Kuppenheim. The plant will also produce parts for Daimler's new compact cars. Full story...
Jan
20th

GERMANY: BMW to cut production in February and March

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BMW will shorten working hours at four of its German plants to produce around 38,000 fewer cars in February and March. Full story...
Jan
20th

UZBEKISTAN: GM JV to add small car

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GM Uzbekistan, GM's joint venture Uzbek automaker Uzavtoprom, plans to launch serial production of a new city car model for the 2011 model year. Full story...
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