Magna International has said it will have to initiate a wind-down plan for its gear assembly plant in Syracuse, New York, after negotiations with workers collapsed.
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General Motors is restructuring its sales, marketing and aftersales operations in Europe to give its Opel, Chevrolet Europe and Saab brands more autonomy.
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US auto industry suppliers are asking for US$25.5bn in federal government aid as falling sales and production cuts push more towards the brink of bankruptcy.
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The Turkish Automotive Industry Association (OSD) has said it expects 2009 exports and production to fall 25% and domestic automotive sales to shrink 20%.
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S2000 set to sign off with final limited edition version.
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Sensational three-door model to give new Ford range an added dose of style as it takes on Volkswagen’s Scirocco.
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Geely has said that it has no plans to buy the Volvo car brand from Ford.
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Lid to be lifted on sizzling versions of MINI and Fiat 500 at Geneva show.
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Bargain-priced new 370Z has more power and torque than 350Z.
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Tier One auto supplier ArvinMeritor has reported a large rise in its operating loss for the first fiscal quarter ended 28 December, 2008 on sales down 18% year on year.
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New car registrations in the UK slumped by 30.9% year-on-year in January to stand at 112,087 units, intensifying industry calls for scrappage incentives to boost the market.
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The Czech presidency of the European Union (EU) has unveiled a plan to offer subsidies to consumers who want to replace their old cars with new. It is the latest strand in the EU's strategy to help the European auto industry through the current tough trading conditions.
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Chinese car manufacturer Geely Automobile Holdings has no plans to buy the Volvo car brand from Ford Motor, a Geely spokesman said on Thursday. "We don't have plans to buy Volvo as some media have reported," he told Reuters.
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Two U.S. senators have asked Energy Secretary Steven Chu to set a timeline for distributing up to $25 billion in loans to help U.S. auto companies produce more fuel efficient vehicles.
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Chrysler LLC, hobbled by shrinking sales and soaring inventories, shut down three assembly plants Monday after reopening them two weeks ago.
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Auto parts supplier Delphi Corp. said on Wednesday it has agreed to amend financial covenants under its debtor-in-possession financing in order to preserve liquidity amid a deep downturn in auto sales.
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Magna International Inc. will close its gear assembly plant in Syracuse, N.Y., the Canadian auto parts maker said on Wednesday, after workers rejected a contract the company said was necessary to keep the factory competitive.
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Gary Akin, vice president of sales at struggling American Suzuki Motor Corp., has left the company, spokesman Jeff Holland said on Wednesday.. His duties will be assumed by Koichi Suzuki, 45, vice president in charge of automotive operations.
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General Motors is holding discussions with major Chinese automaker FAW Group to form a partnership for light commercial vehicles, a GM China spokesman said today.
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General Motors will lay off 600 workers at its plant in northern Mexico due to slowing demand from the United States, a spokesman for the U.S. auto maker's Mexican unit said on Wednesday.
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