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Jan
16th

Ron Dennis to quit

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Head of McLaren reveals his plans on day of MP4-24 launch Full story...
Jan
16th

US: GM eyes the Delphi problem

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General Motors has said it is talking financial issues with bankrupt former parts unit Delphi as part of its own restructuring plan. Full story...
Jan
16th

EU: Minister calls for flexible state aid

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European Union state aid rules should be used in a flexible nature in order to boost the EU's car industry, a leading financial figure said today. Full story...
Jan
16th

McLaren MP4-24 Breaks Cover!

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The wraps come off Woking firm's 2009 F1 car – as McLaren boss Ron Dennis quits... Full story...
Jan
16th

US: GM revises ’09 outlook

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General Motors has said it sees 2009 US vehicle sales plunging to their lowest level for 27 years and has trimmed its forecast to match. Full story...
Jan
16th

US: Emerging markets deliver welcome GM sales tonic

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The Latin American, African and Middle Eastern businesses of General Motors delivered some well-needed good news for the US motor giant today by reporting record sales levels and growth of 3.2% in 2008 over the previous year Full story...
Jan
16th

Chrysler Financial gets $1.5 billion federal loan

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The U.S. Treasury Department granted $1.5 billion to a new arm of Chrysler Financial Services LLC so it can boost lending to vehicle buyers. The five-year loan carries a flexible interest rate. Full story...
Jan
16th

Chrysler awaits aid to Chrysler Financial

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Chrysler LLC's national dealer council met here this week amid reports that Chrysler Financial was about to receive a chunk of money from the U.S. Department of the Treasury. Chrysler Financial seeks $1. Full story...
Jan
16th

US: TRW unit takes over EnTire JV

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TRW Automotive US on Friday said it had acquired Michelin North America's stake in the EnTire Solutions joint venture. Full story...
Jan
16th

JAPAN: Subaru maker Fuji Heavy forecasts FY loss

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Subaru car maker Fuji Heavy Industries expects to post a loss for the fiscal year 2008 ending on 31 March. Full story...
Jan
16th

EU governments seek more help for industry

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European Union governments agreed on Friday to step up help for their straitened carmakers but called for a coordinated response to avoid a race for subsidies among the bloc's 27 nations. Officials also sought early talks with the new U.S. Full story...
Jan
16th

Volvo to skip Tokyo Motor Show

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Volvo, the Swedish unit of Ford Motor Co., will not participate in the Tokyo Motor Show this fall. Full story...
Jan
16th

US: Detroit Three cancel Tokyo

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Several Japanese automakers pulled out of the Detroit show and the Detroit Three have all now confirmed none will attend this year's Tokyo show in October. Full story...
Jan
16th

GM’s Japan ambitions: Double sales in 3 years

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TOKYO -- General Motors' business soured in the United States in 2008, but in Japan, it's been downhill for more than a decade. This year, GM is even pulling out of the Tokyo auto show. Full story...
Jan
16th

US: Johnson Controls reports Q1 loss

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Johnson Controls on Friday reported a first quarter fiscal year loss of US$608m on sales of $7.3bn. Full story...
Jan
16th

Audi plans range of eco-friendly vehicles, report says:

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The British magazine Car reports that Audi's top executives have approved plans for an entire range of environmentally friendly vehicles to be launched over the next six years. Full story...
Jan
16th

THE WEEK THAT WAS: Buckle up for a long rough ride

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Last week I, quite deliberately, did not write my usual 'wrap' of the week's events. Who needs all the bad news recycled? This week, a reality check, as plant shutdowns got extended and more axes were taken to production schedules. Time to face facts, buckle up, and accept there's probably more - a lot more - to come. Full story...
Jan
16th

Mitsubishi ad restricted to late-night TV in Britain:

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We know that the humor can get a little crude on late-night TV--just ask any fan of "Aqua Teen Hunger Force." Full story...
Jan
16th

BRAZIL: PSA extends vacation downtime

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PSA Peugeot Citroen will be extending forced holiday leave for 2,600 workers in Brazil for thirty days. Full story...
Jan
16th

Senate releases $350 billion more in bailout money:

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Harry Stoffer, Automotive News Full story...
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