The Obama administration task force overseeing auto industry restructuring turned its attention to Chrysler on Wednesday, which is seeking up to US$5bn in new bailout funds.
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Investors are more likely to look beyond the bad news for updates on the survival plan when General Motors reports fourth quarter results later today.
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When General Motors reports fourth-quarter financial results today, investors will be looking for an update on its survival plan. What GM says about its remaining liquidity and options for U.S. government funding will be important, analysts say.
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When General Motors reports fourth-quarter financial results today, investors will be looking for an update on its survival plan. What GM says about its remaining liquidity and options for U.S. government funding will be important, analysts say.
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Toyota is to launch a redesigned Verso at Geneva next week alongside the European-spec Prius and more powerful versions of the iQ city car.
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Nissan and its Spanish unions have agreed to reduce headcount at the Japanese carmaker's Barcelona plant by about a third, to 2,800 employees, as part of a wider restructuring plan leading up to 2012.
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Nissan will cuts the workforce at its at its Barcelona plant in Spain by about a third to 2,800 as part of a business plan leading up to 2012.
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UK auto and aircraft supplier GKN unveiled another 2,400 jobs cuts today as a softening in its civil aerospace market added to previous woes in the automotive sector.
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UK auto and aircraft supplier GKN said today that its pretax profits fell 35 percent in 2008, but recent cost-cutting and job-shedding had left it on a financially sound footing.
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Skoda has temporarily stopped production the first-generation Octavia at its plant in Vrchlabi, Czech Republic. The plant should start making the car again early next month, said Skoda spokesman Jaroslav Cerny.
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Skoda has temporarily stopped production the first-generation Octavia at its plant in Vrchlabi, Czech Republic. The plant should start making the car again early next month, said Skoda spokesman Jaroslav Cerny.
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Kia Motors is considering issuing bonds with warrants to shore up its balance sheet amid the global credit crisis, a senior company executive said today.
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The Nano minicar will finally go on sale in April after months of delay caused by problems at its main production plant In India, Tata Motors said today. The Nano is slated to be the world's cheapest car at under $2,000.
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Nissan Motor said today it was on track to reverse some of its production cuts in Japan in March as inventory levels come under control, although it said vehicle sales remained weak and unpredictable.
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Nissan Motor said today it was on track to reverse some of its production cuts in Japan in March as inventory levels come under control, although it said vehicle sales remained weak and unpredictable.
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Nissan Motor Co. said today it was on track to reverse some of its production cuts in Japan in March as inventory levels come under control, although it said vehicle sales remained weak and unpredictable.
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Renault CEO Carlos Ghosn said he did not expect many tie-up deals in the industry until the financial environment had stabilized.
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Nissan Motor said today it was on track to reverse some of its production cuts in Japan in March as inventory levels come under control, although it said vehicle sales remained weak and unpredictable.
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Renault CEO Carlos Ghosn said he did not expect many tie-up deals in the industry until the financial environment had stabilized.
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The Nano minicar will finally go on sale in April after months of delay caused by problems at its main production plant In India, Tata Motors said today. The Nano is slated to be the world's cheapest car at under $2,000
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