AutoNation Inc., the nation's largest auto dealership group, today said it remained profitable in the fourth quarter despite a $1.4 billion drop in revenue.
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Proton's relationship with Chinese maker Jianhua Youngman Automobile Manufacturing - which includes the supply of Proton vehicles for rebadging and sale in China - is on track, according to reports.
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A car purchase tax reduction in Brazil has lifted car sales in January according to the Brazilian carmakers' association, ANFAVEA.
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The continuing crisis in the Spanish car industry will hit this year's Barcelona Auto Show, with the country's leading automakers' association saying its members would not be attending.
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Automotive seating and electronics supplier Lear Corp. reported a loss for the fourth quarter due to sharply lower vehicle output in North America and Europe and said it was talking to lenders to arrange new credit terms.
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Ford on Wednesday announced a fourth quarter 2008 net loss of US$5.9bn, or $2.46 per share and a pre-tax loss of $3.7bn, excluding special items.
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Ford on Wednesday announced a fourth quarter 2008 net loss of US$5.9bn, or $2.46 per share, and a pre-tax loss of $3.7bn, excluding special items, but insisted it had sufficient liquidity to fund its auto operations, despite burning through $5.5bn of cash in the fourth quarter.
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Toyota Motor Manufacturing (UK) (TMMUK) is considering both short-time working or suspending production completely at its two plants here, possibly adding to production cuts that began as long ago as last September.
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Porsche chairman Wendelin Wiedeking is expected to face some tough criticism at the company's annual general meeting tomorrow, despite a highly successful year.
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Renault said on Thursday it would cut a shift at its factory in Palencia, northern Spain.
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DETROIT -- Ford Motor Co., scrambling to survive without federal aid, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Ford said today it finished the year with cash reserves of $13.
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Schaeffler and Continental representatives met with national and regional government representatives yesterday to discuss the possibility of state aid.
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Audi workers will get a voice on Porsche Automobil Holding's supervisory board. Peter Mosch, chairman of Audi's works council, will join the 12-strong supervisory board after Porsche Automobil's annual meeting Friday, January 30.
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Ford's UK operation claims to have entered 2009 in a stronger position than many rivals - because it saw the economic downturn coming and took early action.
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Italy's government promised to unveil a package to help the country's auto industry within the next 10 days. The government is looking at incentives for car buyers totaling around 300 million euros, according to Italian media.
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Grainy spy shot gives best look yet at Peugeot’s forthcoming Mondeo rival, which promises innovative drivetrain to match its dramatic, modern look.
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The billionaire owner of German supplier Schaeffler Group rejected speculation she could use her own fortune to bail out the heavily indebted company rather than seek help from German taxpayers. "Our wealth is bound up in the company.
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Analysts and investors expect Ford to announce a large fourth quarter loss later on Thursday (29 January) and are expected to closely scrutinise its cash burn and near-term prospects.
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