The hangover that walloped the U.S. auto industry in 2008 is still hanging on this New Year, which will be marked by even tighter ad budgets with the biggest expenditures reserved for crucial model launches.
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They can adjust your seat and headlights, power side window and mirrors, assist braking and steering and are found in anything that has an electrical movement or solenoid function. With as many as 120 electric motors stuffed into a luxury car, Matthew Beecham reports on some promising market applications.
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Geely has said it aims to increase the volume of its auto sales this year by 25% from 2008, despite an economic slowdown.
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Ailing Ssangyong has said that it has received a US$45m cash injection from parent SAIC.
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A 'DaimlerVolvo' has been ruled out, according to German reports.
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Ailing South Korean automaker SsangYong Motor is to receive 45 million dollars from its Chinese top shareholder Shanghai Automotive Industry Corp. (SAIC), the company said Monday.
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Toyota has declined to comment on a Japanese newspaper report it is to freeze plans to build new factories in Thailand and Russia as demand falls world-wide.
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Japanese sales of new vehicles, excluding minivehicles, fell to a 34-year low of 3,212,342 units in 2008 - nearly half of the 1990 peak.
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Struggling car companies will have to take the axe to their businesses in order to ride the recession. Mark Bursa takes a sideways look at how one iconic company used a radical approach to keep its 'axes' intact!
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Daimler could sell lithium-ion batteries from its new joint venture with Evonik to third parties, in direct competition with suppliers such as Bosch.
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Just 13% of car owners know how much CO2 their car emits according to a recent survey.
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Daimler is working hard on a new model strategy that will allow it to meet the EU Commission target of 130g/km average CO2 emissions for all vehicles sold by 2012.
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PSA is to ask suppliers to pay back money they had been given to allow for higher raw material prices.
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Just ahead of official US results announcements, a top auto industry sales analyst has called 2008 at 13.5m units after 2.5m sales in the fourth quarter.
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French passenger car sales fell 15.8 percent in December, car manufacturers' association CCFA said on Monday, as the effects of the weakening economic environment shatter consumer confidence.
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Suzuki Motor will shelve a plan to launch large-sized cars in 2010 and delay the start of overseas factories amid a sharp deterioration in the global auto market, the Nikkei business daily reported on Monday.
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Chrysler on Friday received an initial $4 billion emergency loan from the U.S. government, two days after the government completed a parallel payout to its larger rival General Motors.
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Toyota, the world's biggest automaker, will freeze plans to build new factories in Thailand and Russia due to sluggish demand worldwide, Japan's Sankei newspaper reported on Saturday.
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Daimler has no interest in acquiring Ford Motor unit Volvo, a Daimler spokesman said on Saturday following a magazine report that the German carmaker had examined its Swedish rival. "We were never interested in Volvo," the spokesman said.
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Chrysler has received a US$4bn loan from the US government, days after larger rival General Motors also received help to get it through the current financial crisis.
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