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Jan
30th

CANADA: Union to open contract talks with US Big 3

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The Canadian Auto Workers union has given the green light to contract talks with the major US automakers as their restructuring process continues in the coming weeks. Full story...
Jan
30th

UK: Honda temporarily shutters Swindon plant as profits fall

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Honda's UK factory, which builds Civic hatchbacks and CT-V SUVs, and is scheduled to add the Jazz (Fit) later this year, on Friday assembled its last cars before a four-month shutdown as its Japanese parent posted an 89.9% fall in third quarter net profit and halved its full year earning forecast. Full story...
Jan
30th

GOLDING’S TAKE: Same old vision but many more incisions at Ford

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Give a company a serious crisis to deal with once in a while and it's amazing how much money it can save. Ford took $5bn of costs from Ford US last year while losing $1.9bn on that business in the last quarter. Full story...
Jan
30th

1990-1997 Mazda MX-5 Miata – Collectible Classic

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1990-1997 Mazda MX-5 Miata - Collectible Classic
1990-1997 Mazda MX-5 Miata - Collectible Classic Sport Coupe - Automobile Magazine
Sure it's cute. But the essence of the Mazda MX-5 Miata, its true gestalt, is its agility and how it makes the act of driving a very tactile experience, all at ordinary used-car prices.

It seems that when you do something long enough, new things become old and old things tend to feel new again. Some explanation: Twenty years ago, I was the car culture editor for a large format "lifestyle" magazine - before "lifestyle" dripped with irony - called L.A. Style. It was in that role that a brand-new Mazda MX-5 Miata was thrust upon me at the end of June 1989. It was mine to drive through the Fourth of July weekend, even though "civilians" weren't able to take delivery of the much-heralded new roadster until after the holiday. Thus, my Miata experience back then was a very singular and exclusive one. Now that time has passed, I'm writing about the car as a collectible classic. As I cast my mind back to the first Bush era, I can make the argument that the Miata fit that definition even at its inception.


Photo Gallery: 1990-1997 Mazda MX-5 Miata - Collectible Classic Sport Coupe - Automobile Magazine


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Jan
30th

FEATURE: Key trends in freight trucks

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In relation to the movement of goods, the beginning of the 20th century could be seen as the golden age of rail freight. The beginning of the 21st century will be seen in decades to come as the equivalent in road freight transport. In terms of serving the needs of consumers in both the industrialised and the developing markets of the world, trucks in their great variety can be seen as the key link between physical goods and the consumer. This feature has been exclusively supplied to us from SupplierBusiness. Full story...
Jan
30th

Russia government could support flagging car maker GAZ

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Russian car maker GAZ Group is in a difficult situation and the government will discuss support measures on Tuesday next week, Russian Deputy Prime Minister Igor Shuvalov told reporters on Friday. Full story...
Jan
30th

VW saves Porsche H1 profits, sports car sales drop

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Porsche Automobil Holding said it expects first-half operating profit at its core sports car business to decline sharply, but positive effects from its Volkswagen stake will ensure group pretax earnings grow. Porsche, which owns 50. Full story...
Jan
30th

JAPAN: Honda Q3 net profit plunges 90%

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Honda has posted a grim result for its third fiscal quarter ended 31 December with operating profit off 63% and net profit down almost 90%. The company cited falling vehicle sales and unfavourable currency exchange rates as the main reasons. Full story...
Jan
30th

JAPAN [updated 12:40GMT]: Honda Q3 net profit plunges 90%

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Honda has posted a grim result for its third fiscal quarter ended 31 December with operating profit off 63% and net profit down almost 90%. The company cited falling vehicle sales and unfavourable currency exchange rates as the main reasons. Full story...
Jan
30th

Volkswagen says to cut 400 jobs in S.Africa

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German carmaker Volkswagen will axe 400 jobs in South Africa as it scales back production due to falling demand in its home market and for exports. Full story...
Jan
30th

2009 Dodge Grand Caravan SXT 3.8

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2009 Dodge Grand Caravan SXT 3.8
2009 Dodge Grand Caravan SXT 3.8 - Dodge Minivan Review - Automobile Magazine
We've sampled many a Mopar minivan, but this 2009 Dodge Grand Caravan SXT 3.8 let us have a go at one with Stow 'n Go seating.

With the exception of the Volkswagen Routan, it seems I've driven virtually all the various styles of minivans Chrysler builds. That said, I think I liked this SXT the best - no, it's not as ornately equipped as our last SXT or our Four Seasons Town & Country, but I still found plenty to like.


Photo Gallery: 2009 Dodge Grand Caravan SXT 3.8 - Dodge Minivan Review - Automobile Magazine


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Jan
30th

US: January sales forecast down 30%

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This month's new vehicle sales (including fleet) in the United States are expected to be down 30.1% year on year to 730,000 units, analysts at Edmunds.com have forecast. Full story...
Jan
30th

Fitch cuts Daimler ratings, sees weak 2009/10

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Fitch Ratings downgraded its ratings on Daimler and said it expects the car company's performance for this year and next to be much weaker than previously expected. Full story...
Jan
30th

Honda cuts forecasts again, Toyota losses to rise

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Honda Motor lowered its annual profit forecasts for a fourth time this year, while rival Toyota Motor's losses are growing as sliding global car sales force the industry to scale back production further. Full story...
Jan
30th

Report: Spain plans car industry support package

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Spain's government is studying plans to help its struggling car manufacturers. including postponing social security payments for up to five years, Spain's Cinco Dias newspaper reported on Friday. Full story...
Jan
30th

Honda cuts profit outlook again as Q3 earnings tumble

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Plunging sales in North America and Europe sent operating profit at Honda Motor Co. falling 63 percent in the third quarter, pushing the company to slash its outlook again. Honda now expects operating profit of 140 billion yen ($1. Full story...
Jan
30th

INDIA: Allison breaks ground on India facility

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Allison Transmission has broken ground on a new India facility designed to meet growing global demand for Allison automatic transmissions. Full story...
Jan
30th

F1 weight rules unfair – Nico Rosberg

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Nico Rosberg has hit out at F1's current minimum weight rule. Full story...
Jan
30th

Ford reports 4th quarter 2008 results

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Ford has reported a net loss of nearly $6 billion dollars, or $2.46 per share, for the last three months of 2008. The loss included $3.7 billion from continuing operations, and of course came as a result of steadily declining global automobile sales. Ford lost $620 million dollars during the same period in 2007. Full story...
Jan
30th

F1: Michael Schumacher admits test action unlikely in ’09

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Michael Schumacher has conceded that F1's newly-imposed in-season testing ban will probably mean less or no running for him in 2009. Full story...
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