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Feb
3rd

JAPAN: Mitsubishi Motors plans job cuts – report

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Mitsubishi Motors plans to axe around 300 jobs in the US through voluntary retirements, a Japanese newspaper reported. Full story...
Feb
3rd

JAPAN: Mitsubishi Motors plans job cuts – report

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Mitsubishi Motors plans to axe around 300 jobs in the US through voluntary retirements, a Japanese newspaper reported. Full story...
Feb
3rd

CANADA: Automaker loans not taken up yet

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The Canadian units of General Motors and Chrysler have yet to draw on C$4bn (US$3.2bn) in loans made available by the federal and Ontario provincial governments, a minister has said. Full story...
Feb
3rd

Mazda readies new Mazdaspeed 3 for Geneva debut:

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Hot on the heels of the recently introduced 2010 Mazda 3, the guys from Hiroshima are planning to show the performance-focused Mazdaspeed version at the Geneva motor show in March. Full story...
Feb
3rd

Mazdaspeed 3 set for Geneva motor show debut:

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Hot on the heels of the recently introduced 2010 Mazda 3, the guys from Hiroshima are planning to show the performance-focused Mazdaspeed 2 version at the Geneva motor show in March. Full story...
Feb
3rd

ITALY: Fiat CEO details Chrysler plan

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Fiat plans to finish its scrutiny of Chrysler ahead of the intended alliance ahead of the 17 February US government viability plan deadline but it would be at least two years after a deal was signed before its cars were built in the US, its CEO has said. Full story...
Feb
3rd

Ghosn says Renault will keep its French plants

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Renault has accepted French President Nicolas Sarkozy's demand that any carmaker expecting aid from the French government agree to maintain existing manufacturing operations in France. Full story...
Feb
3rd

S KOREA: Older vehicle numbers up on economic woes

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The global economic uncertainty has caused a rise in the number of registered vehicles in South Korea manufactured more than 15 years ago. Full story...
Feb
3rd

POLAND: VW cuts LCV production

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Volkswagen has called a temporary production hiatus at a Polish plant. Full story...
Feb
3rd

SWEDEN: Scania board rejects Porsche offer

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Scania's board of directors has called on its shareholders not to accept a takeover offer from German automaker Porsche, saying the bid undervalued the company. Full story...
Feb
3rd

RESEARCH ANALYSIS: Exhausting review of emission technologies

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The automotive exhaust market has grown in importance with the emphasis that is now placed on emissions control worldwide. What was once a relatively simple product has become increasingly complex and, writes Matthew Beecham, more expensive. Full story...
Feb
3rd

INDIA: Hyundai ups i20 production

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Hyundai Motor is increasing production of its recently launched compact car, the i20. Full story...
Feb
3rd

Insignia VXR

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First pictures of Vauxhall hatchback shows new Insignia VXR is only moments away! Full story...
Feb
3rd

INDIA: Tata execs brace for pay cuts

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Senior executives in several Tata Group companies are bracing themselves for a 10-15% salary cut according to an Indian newspaper report. Full story...
Feb
3rd

Controversial designer Chris Bangle leaves BMW:

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One of the most controversial designers in recent memory, Chris Bangle, is leaving BMW this month to pursue interests outside of the car business. Full story...
Feb
3rd

GERMANY: Major door/roof supplier insolvent

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Door, convertible roof and driver control systems supplier Edscha has filed for insolvency for its Europe units but remains in business for now. Full story...
Feb
3rd

SOUTH KOREA: Hyundai-Kia sees strong China sales

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Hyundai-Kia saw record sales in China in January, the firm has said. Full story...
Feb
3rd

GMAC auto finance business loses $1.31 billion in Q4

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GMAC LLC said today its global automotive finance business posted a net loss of $1.31 billion in the fourth quarter and $2.07 billion for the year. That's compared with net income of $137 million for the fourth quarter of 2007 and a $1. Full story...
Feb
3rd

GMAC auto finance business loses $1.31 billion

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GMAC Financial Services' cutbacks in retail auto financing and leasing in the fourth quarter of 2008 took a heavy toll on the company's automotive business, its quarterly results show. Full story...
Feb
3rd

Conti says market not good for capital hike

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Continental is reviewing all options to strengthen its equity base but current market conditions are not conducive to selling shares, a spokesman said. Full story...
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