Steve Girsky, a former Wall Street analyst and General Motors adviser, is a leading candidate to help oversee federal loans to automakers, The Detroit News reported today.
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Mazda Motor Corporation now expects to post a group net loss of JPY13bn instead of a previously projected JPY50bn profit for the financial year ending 31 March as the decline in global vehicle sales and the yen's appreciation have been faster than earlier predicted, it said on Wednesday.
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PSA/Peugeot-Citroen could delay the introduction of plug-in diesel-electric hybrid cars as it seeks to cut costs during the economic downturn.
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Toyota's Thai unit might offer another round of early retirements after January operating results are released in mid-February.
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Mitsubishi Motors Corporation (MMC) has revised its full fiscal year 2008/9 forecasts down from previous estimates announced last 30 October to reflect "consolidated results for the first nine months and the prevailing sales climate".
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New light vehicle sales in Canada fell 25% year on year last month and compounded a 21% slide in December.
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The US Senate last night voted to include a tax break for Americans buying a new car in 2009 as debate over its economic stimulus package continued.
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Aston's V12 Vantage, Ford's focus Coupe, Vauxhall's electric Astra, Ford Fiesta ECOnetic driven, 2010 London Motor Show axed
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Clearest pictures yet show second-generation CLS in a new light.
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The Dodge Vipers signature characteristic--speed--does not appear to be a hallmark of its potential sale.
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Turkish tyre making joint venture Brisa will suspend production for a week from Thursday.
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India's auto industry has made a "cautious" start to the new year after a "torrid" 2008 though the economic slowdown is still affecting sales, a local report said.
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Eaton has announced that it has signed a business agreement through 2014 with Tata Motors, to supply heavy duty synchronized transmissions.
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German supplier Leoni missed its 2008 operating profit target, in part because of inventory writedowns due to falling metal prices.
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A truck joint venture between Volvo and Eicher Motors posted a large fall in sales last month, reflecting the ongoing reluctance of Indian firms to replace commercial vehicles in a flagging economy.
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Research has shown that driver error is one of the most common causes of traffic accidents. Driver assistance technologies can therefore provide a vital helping hand in times of trouble. A research report from just-auto highlights developments in this fast-moving sector.
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Guangdong province will subsidise Guangzhou Automotive Industry with up to RMB1bn (US$146m) to make its own brand of vehicles as part of the central government's stimulus package for the car industry announced last month, Chinese media reported.
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Shangahi Auto (SAIC) is reportedly planning to cut salaries of top executives as it looks to save costs in anticipation of harder times.
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Supplier ArvinMeritor Inc. today said it posted a net loss from continuing operations of $991 million for its fiscal first quarter that ended Dec. 28. That compared with a loss of $1 million a year earlier.
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Supplier ArvinMeritor today said it posted a net loss from continuing operations of $991 million for its fiscal first quarter that ended Dec. 28. That compared with a loss of $1 million a year earlier.
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