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Feb
12th

US: Sonic Automotive suspends dividend

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US auto retailer Sonic Automotive is suspending its quarterly dividend after previously paying US$0.12 a share. Full story...
Feb
12th

Report: GM bondholders demand better terms

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General Motors bond holders are insisting on better terms in exchange for forgiving billions of dollars in debt, the Detroit News reported today. Full story...
Feb
12th

Automakers look more to social media, blogs for marketing

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The Chevrolet Volt's chief engineer had this job on Tuesday: Type 140-character answers to questions from anyone who had them. Full story...
Feb
12th

US: Realistic plans may gain more government help

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The federal government may offer more help to struggling US automakers but only if they can show they can be commercially viable, US president Barack Obama has said. Full story...
Feb
12th

GERMANY: BMW and Fiat deny end to JV talks

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BMW and Fiat have refuted reports that they are dropping talks over cooperation between their Mini and Alfa Romeo brands. Full story...
Feb
12th

THAILAND: Thai vehicle market set to decline 7% – F&S

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Thailand's vehicle sales are expected to fall 7% this year according to consultancy firm Frost & Sullivan. But cars could buck the trend. Full story...
Feb
12th

RUSSIA: Kamaz resumes production

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Russia's largest truck manufacturer Kamaz has resumed production after it was suspended on February 2 due to sharply falling domestic and foreign sales, Kamaz said in a statement. Full story...
Feb
12th

PHILIPPINES: Nissan cuts workforce by 15%

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Nissan in the Philippines has cut its workforce by 15% and reduced its work week from six to five days due to the deepening global financial crisis. Full story...
Feb
12th

Skoda will unveil Yeti in Geneva

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Skoda will debut its Yeti at the Geneva auto show next month. Skoda describes the SUV-styled Yeti as a practical solution for customers who want a compact car that is robust, safe and has universal appeal. Full story...
Feb
12th

Skoda will unveil Yeti in Geneva

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Skoda will debut its Yeti at the Geneva auto show next month. Skoda describes the SUV-styled Yeti as a practical solution for customers who want a compact car that is robust, safe and has universal appeal. Full story...
Feb
12th

MEXICO: Production and exports halved in January – report

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Mexico experienced a huge fall in auto exports and production in January, industry data showed. Full story...
Feb
12th

Porsche Panamera cockpit exposed prior to auto show debut:

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Porsche continued its slow striptease reveal of the Panamera sedan on Thursday with the release of photos of the interior. Full story...
Feb
12th

BorgWarner posts Q4 loss, reduces workforce 24%

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Supplier BorgWarner Inc. today said it cut 4,400 jobs, or 24 percent of its workforce during 2008, as it posted a steep fourth quarter loss due to significant reductions in global auto production. Full story...
Feb
12th

BorgWarner posts Q4 loss, cuts another 1,500 jobs

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Dramatic global vehicle production cuts in the second half of 2008 stifled BorgWarner Inc.'s record first half of the year financial performance, pushing the supplier into the red for quarterly and full-year results. Full story...
Feb
12th

RUSSIA: AvtoVAZ hits parts disruption on late payments

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A number of suppliers to AvtoVAZ have stopped shipping due to late payment, according to a report in The Moscow Times. Full story...
Feb
12th

Nissan ads stray from focus on price:

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Nissan North America will stray from the discount-deal marketing pitch adopted late last year when a sinking economy kept consumers away from U.S. dealerships. Full story...
Feb
12th

Nissan ads stray from focus on price

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Nissan North America will stray from the discount-deal marketing pitch adopted late last year when a sinking economy kept consumers away from U.S. dealerships. Full story...
Feb
12th

INDIA: Tata arranges new customer loan offer

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Tata Motors has agreed a deal with India's state-owned Corporation Bank to finance passenger vehicles. Full story...
Feb
12th

CHINA: Geely to expand in rural areas

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Geely is planning to further expand its businesses in China's second- and third-tier cities, by opening its 1,000th outlet by the end of June 2009, according to China Business. Full story...
Feb
12th

JAPAN: Nissan eyes China boost

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Nissan Motor on Thursday said it wanted to expand Chinese vehicle sales this year by 4.6%. Full story...
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