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Feb
18th

FRANCE: Peugeot 206 lives on as 206+

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Peugeot is launching the 206+, the descendant of almost 6.5m 206s produced since 1998. Full story...
Feb
18th

JAPAN: Nissan may allow second jobs

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Nissan Motor is considering allowing permanent staff at factories where operations have been temporarily suspended to take side jobs to supplement their income, a senior company official said on Wednesday. Full story...
Feb
18th

SOUTH KOREA: Hyundai-Kia restructuring overseas sales

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The Hyundai-Kia Automotive Group is preparing to restructure its overseas sales network. Full story...
Feb
18th

JAPAN: Toyota to boost May production

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Toyota Motor will boost domestic production in May after deep cuts in recent months to reduce a stockpile of cars left by the global economic crisis, an official said on Wednesday. Full story...
Feb
18th

RUSSIA: Automakers want 30bn roubles state guarantees

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Russian car manufacturers, faced with slumping demand and big debts, have asked for state guarantees totalling nearly 30bn roubles (US$863m), the Vedomosti business daily reported on Wednesday. Full story...
Feb
18th

Swedish govt. rules out Saab rescue

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The Swedish government has said it is not prepared to take over Saab, General Motors' loss-making Swedish subsidiary. Full story...
Feb
18th

Goodyear posts loss, plans 5,000 job cuts

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Goodyear Tire and Rubber Co. said today it plans to cut 5,000 jobs worldwide in 2009, or 6.7 percent of its staff, after a prolonged downturn in vehicle demand led to a deeper-than-expected loss in the fourth quarter. Goodyear, the largest U.S. Full story...
Feb
18th

Opel, Saab will unveil plan for future next week

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Opel and the other European operations of U.S. carmaker General Motors have signaled they will unveil a plan for their future next week, German Economy Minister Karl-Theodor zu Guttenberg said on Wednesday. Full story...
Feb
18th

JAPAN: Honda’s hybrid sales reach 300,000 units

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Honda has said that total worldwide sales of its hybrid cars since November 1999 have reached 300,000 units. Full story...
Feb
18th

BMW’s S.C. plant could tap wind energy

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BMW is studying whether to use wind energy to help power its Spartanburg, S.C., factory. Full story...
Feb
18th

Renaultsport Megane

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Ghostly image confirms spirit of new Renaultsport Megane. Full story...
Feb
18th

Reaction to the plans, from hope to disappointment

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Here are reactions to the General Motors and Chrysler LLC restructuring plans submitted Tuesday to the U.S. Treasury Department: Full story...
Feb
18th

JAPAN: Suzuki grows 118% in Middle East

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Suzuki posted 117.7% growth in the Middle East last year, selling over 24,000 units in 2008. Full story...
Feb
18th

Suppliers to form working group on aid request

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The Original Equipment Suppliers Association wants to form a group of stakeholders to work out details of its requested $18.5 billion federal aid package. Full story...
Feb
18th

GERMANY: Continental to miss Frankfurt show

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Continental will not take part in the Frankfurt motor show later this year. Full story...
Feb
18th

UK: Toyota plants freeze pay, launch voluntary departure

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Toyota's UK manufacturing operations have imposed a pay freeze and introduced a voluntary departure programme. Full story...
Feb
18th

US: Ford agrees labour cost deal with UAW

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Ford has reached a deal with the United Auto Workers union to reduce its labour costs in line with Japanese rivals and to help it survive without government loans, the automaker and union have said. Full story...
Feb
18th

CANADA: PM not worried GM leaving

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Canadian prime minister Stephen Harper has said he is not concerned about the possibility of General Motors moving out of Canada as the Detroit-based company restructures its operations. Full story...
Feb
18th

European Bank to lend 7bn euros to carmakers

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The European Investment Bank (EIB), the EU's lending arm, will grant 7 billion euros ($8.9 billion) in loans to carmakers in the first half of 2009 for green cars, with more funds possible for the rest of the year. Full story...
Feb
18th

US: More will be required of automakers – White House

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The White House has said "more will be required" to ensure the viability of General Motors and Chrysler after the companies submitted restructuring plans. Full story...
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