One in five automotive companies is in danger of collapse, according to European Union vice president Günter Verheugen.
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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.
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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.
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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.
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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.
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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.
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Skoda has launched the Fabia Jingrui into China's AO-class market.
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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.
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China plans to create its own satellite navigation system by 2015, according to Chinese state media.
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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.
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Import car brands are reportedly backing away from exhibiting at the upcoming biannual Seoul Motor Show.
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Bosch has set itself a goal of drastically reducing CO2 emissions from all its sites.
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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.
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Schaeffler Grouup is looking to increase its influence at Continental by reshuffling the company's supervisory board.
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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.
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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.
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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.
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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.
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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.
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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.
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