Professor Garel Rhys is a respected academic with a deep knowledge of the global auto industry informed by many decades of close study. His views are sought by many in the industry and beyond, including OEMs, suppliers, retailers and indeed governments. Here, speaking to headlineauto, he outlines his views on the current industry downturn.
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Professor Garel Rhys is a respected academic with a deep knowledge of the global auto industry informed by many decades of close study. His views are sought by many in the industry and beyond, including OEMs, suppliers, retailers and indeed governments. Here, speaking to headlineauto, he outlines his views on the current industry downturn.
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General Motors' German unit Opel needs around EUR3.3bn (US$4.15bn) in liquidity, a company source has said.
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General Motors' Saab estimated that it made a loss of around SKR3bn crowns (US$340m) last year and would post a similar loss this year, the carmaker said in documents submitted to a court on Friday.
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Russia's GAZ Group has abandoned a plan to buy a 50% stake in Italian diesel engine producer VM Motori, Russian business daily Vedomosti reported on Friday.
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UK car production fell by more than half in January as a result of extended Christmas shutdowns and more temporary production halts. Production dropped 58.
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At a time when automakers are desperate for every sale in the US, a remarkable number of shoppers are drifting out of the new car market and purchasing a used car instead.
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Detroit's carmakers may be able to justly point to product improvements in recent years, but changing customer perceptions in the marketplace about product and quality will take time.
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New car production in Britain continues to plummet according to figures released today by the SMMT.
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Pirelli would be interested in buying Continental's tire business if the price was right and the deal friendly, Pirelli Chairman Marco Tronchetti Provera said today. "It's too early to say. ...
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Pirelli would be interested in buying Continental's tire business if the price was right and the deal friendly, Pirelli Chairman Marco Tronchetti Provera said today. "It's too early to say. ...
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Saab is to reorganise under a Swedish court process to become independent, sustainable and "suitable for investment" but stressed it would require independent funding to succeed. It also said there should be no impact on other GM operations.
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A sudden surge in sales of cars and light commercials is raising the spirits of Brazilian auto industry executives this month.
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GM Daewoo, the Korean unit of General Motors, said today it expected to receive support from the South Korean government.
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GM Daewoo, the Korean unit of General Motors, said today it expected to receive support from the South Korean government.
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Saab said today it will file for reorganization under a self-managed Swedish court process.
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Saab is seeking $1 billion (793 million euros) to be self-financing, the company said today after it filed for reorganization under a self-managed Swedish court process.
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Saab's fight for survival intensified today as the General Motors unit won protection from creditors while trying to find a new partner and raise fresh funds.
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Saab's management board will meet again Friday to discuss the troubled carmaker's future amid reports that the company will soon file for protection from creditors.
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Porsche says that their engineers have been able to hit speeds as high as 86 miles per hour in the upcoming Cayenne S Hybrid. The gas-electric version of the popular performance SUV is set for launch in 2010 and will feature a performance-enhancing parallel hybrid drive system that fixes the electric motor between the gas engine and transmission.
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