Investment bankers Goldman Sachs said western European car sales will drop 20 percent in 2009 to 10.7 million units. The outlook is worse than the investment bankers predicted in December. At that time they expected a 15 percent decline to 13.
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Automakers are split on whether to fight the downturn in unit sales by offering more incentives on the models during 2009.
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Things are not going to be easy for Jean-Pierre Laurent, who took over Renault's troubled Spanish subsidiary January 1. Spain is the European market hardest hit by the global economic slowdown. New-car sales dropped 28.1 percent to just 1.
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President-elect Barack Obama leaves little doubt that fixing the economy will be his administration's Job 1 when he takes office Tuesday, Jan. 20.
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Was it Roger Penske's golden touch that sold so many Smart microcars in the United States last year, or the right product at a time when consumers crave fuel economy? It was probably a bit of both.
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The roadster concept Volkswagen debuted at the auto show here last week will be built, if Porsche and Audi want it too.
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Mark Rechtin has joined Automotive News Europe as a news editor. He will be based at ANE headquarters in Oberpfaffenhofen, just outside Munich.
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Automakers in central and eastern Europe are being hit by Russia's decision to shut off natural gas deliveries to the region.
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Automakers' profits are at risk this year and next due to predicted declines in global unit sales.
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Hyundai says smart consumers are looking for real pricing advantages in today's economy, and that they're gearing up to offer shoppers just that with a new program called Hyundai Smart Advantage. The new pricing program will see the Korean automaker offer shoppers lower cash prices and lower finance and lease rates on 8 of its most popular vehicles.
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Once again, the Montreal International Auto Show (MIAS) is using the "On Route to a Greener Future" attraction to bring drivers up to date on all the latest environmentally-friendly technologies.
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Once again, the Montreal International Auto Show (MIAS) is using the "On Route to a Greener Future" attraction to bring drivers up to date on all the latest environmentally-friendly technologies.
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Some auto shows put more emphasis on the "beauty" than on the "beast". At the SEMA Show, for instance, models (or girls, as you prefer) often wear sexy bikinis. Not so at the North American International Auto Show (NAIAS). Not because it takes place in harsh wintertime, but more so because here, ladies who model next to the four-wheeled stars take up a different role these days.
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Renault on Monday revealed its 2009 Formula 1 car, a slightly revised livery and a new sponsor in the form of the French oil company Total.
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We've seen environmentally friendly SUV's brought to market, and now, we're about to see a performance-enhanced version of the smart fortwo.
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Former three-time World Champion Niki Lauda has a novel proposal to get more value out of F1's highly paid drivers and at the same time help another premier series stave off the effects of the global financial crisis.
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Red Bull Racing driver, Australian Mark Webber has set a firm date for his return to the formula one cockpit.
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While Audi will contest the 24 Hours of Le Mans as part of its factory commitment with the new R15 TDI in 2009, Dr. Colin Kolles is planning to buy two Audi R10 TDI cars for his racing team.
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Some controversy arose over comments made by new Formula 1 World Champion Lewis Hamilton over Ron Dennis' retirement from the McLaren F1 race team.
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Ferrari's newly launched 2009 Formula 1 single seater, the F60, has been declared "illegal" by a specialist German motoring publication.
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