Leading car industry executive Carlos Ghosn has said he did not expect many tie-up deals in the industry until the financial environment had stabilised.
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Honda Motor is to begin building a bio-fuel research centre near Tokyo in April ahead of beginning operations in November.
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The chairman of GM-owned Saab has been quoted as saying the troubled automaker, whcih filed for creditor protection in Swedish court this week, is still talking to the country's government about a loan guarantee of EUR500m (US$637m).
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Austrian firm planning two new concepts and two new variants of the X-Bow
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Superior Industries International Inc. posted its second straight quarterly loss as the aluminum wheel maker cut jobs and closed plants to survive a slowdown in the auto industry.
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Wheel maker Superior Industries International Inc. posted a narrower-than-expected fourth-quarter loss as the aluminum wheel maker cut jobs and closed plants to survive a slowdown in the auto industry.
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Volkswagen plans to double sales in China to over 2m units a year by 2018.
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Volkswagen plans to double sales in China to over 2m units a year by 2018.
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General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third.
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Nissan Motor on Thursday said it had been planning deep production cuts in Japan in February compared with March, and that a newspaper report of a rise in output was in line with plans it had announced earlier this month.
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Nissan has reached an agreement with union officials at its plant in Barcelona to slash 1,400 jobs rather than the 1,680 originally planned due to slumping global demand, Spanish media reported.
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Saab Automobile halted production in Sweden yesterday (25 February) over problems with a supplier and customs, it has been reported.
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Toyota Motor plans to set a target of around 6.3m units for global vehicle production in the 2009 business year starting 1 April, down about 10% year on year, sources familiar with the matter have said.
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General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.
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BorgWarner has named the former Americas chief of Siemens VDO, John Sanderson, as president and general manager of its transmission systems drivetrain group and a vice president of the parent company.
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GM has posted an adjusted net loss of $5.9bn or $9.65 per share, compared to adjusted net income of $46m, or $0.08 per share a year previously.
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GM has posted an adjusted net loss of $5.9bn or $9.65 per share, compared to adjusted net income of $46m, or $0.08 per share a year previously.
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General Motors Europe´s financial health deteriorated sharply during 2008 as the carmaker suffered an adjusted pretax loss of $1.6 billion, compared with an adjusted pretax profit of $55 million in 2007.
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General Motors Europe´s financial health deteriorated sharply during 2008 as the carmaker suffered an adjusted pretax loss of $1.6 billion, compared with an adjusted pretax profit of $55 million in 2007.
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Thousands of Opel workers from around Germany took part in a mass rally today at the company's headquarters, demanding that parent General Motors scrap plans for plant closures in Europe.
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