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Mar
23rd

GERMAN: Future shoct hit Schaeffler after Conti buy

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Schaeffler estimated the future wrongly when acquiring Continental, owner Maria-Elisabeth Schaeffler told German magazine Der Spiegel. Full story...
Mar
23rd

Skoda expects to gain market share in 2009

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Volkswagen group's Skoda brand expects to gain market share this year, Fred Kappler, board member in charge of sales and marketing, said. Full story...
Mar
23rd

GERMANY: Opel may survive with state help – chancellor

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Germany doesn't want to own a slice of Opel but might help it survive, chancellor Angela Merkel has said. Full story...
Mar
23rd

JAPAN: Mitsubishi cuts April output

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Mitsubishi Motors (MMC) on Monday it would suspend output at three Japanese plants for four to eight days in April. Full story...
Mar
23rd

GERMANY Daimler welcomes new investor, analysts fret

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Daimler has welcomed Aabar Investments of Abu Dhabi as a major investor and said it was increasing its share capital by about 10% with exclusion of subscription rights of existing shareholders. Full story...
Mar
23rd

CHINA: Beijing unveils auto sales/restructuring targets

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The Chinese central government is encouraging further consolidation in the country's automotive sector in an effort to encourage efficiency and product quality, according to a paper released by the State Council. Full story...
Mar
23rd

US: ArvinMeritor NYSE listing threatened

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The New York Stock Exchange (NYSE) has told US auto supplier ArvinMeritor it has fallen below NYSE's continued listing standard related to total market capitalisation and stockholders' equity. Full story...
Mar
23rd

FRANCE: Valeo changes CEO

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Valeo on Monday said chairman and chief executive officerThierry Morin had departed "as a result of strategic differences and the will of the board to change the group's governance structure". Full story...
Mar
23rd

RESEARCH ANALYSIS: Review of the road wheels market

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Road wheels have been constantly re-invented to the point where the main development trends are moving beyond bigger, lighter and brighter wheels toward scale and flexibility in design. Matthew Beecham rolls out just-auto's latest review of road wheels. Full story...
Mar
23rd

British van maker LDV says it may collapse within days

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British van maker LDV has warned that it will have to call in administrators within days if it does not get a loan from the taxpayer, but the government stuck to its view that its Russian parent should bail it out. Full story...
Mar
23rd

Renault against AvtoVAZ share issue

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France's Renault opposes the idea of issuing new AvtoVAZ shares because the move would dilute its 25 percent stake in the struggling Russian carmaker, Renault's regional chief said on Friday. Full story...
Mar
23rd

German Economy Minister denies Opel has no serious bidders

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German Economy Minister Karl-Theodor zu Guttenberg said on Saturday he was talking to potential investors in General Motors' Opel unit, rejecting a media report saying there were no serious bidders yet. Full story...
Mar
23rd

GM bondholders air concern about bankruptcy

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Bondholders holding some $27 billion of General Motors debt on Sunday sent a letter to the White House task force overseeing the bailout of the auto industry to register concern with the lack of progress in GM's debt-restructuring talks. Full story...
Mar
23rd

VW’s Skoda postpones expansion into southeast Asia

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Volkswagen's Czech brand Skoda said it has postponed its plans to enter the ASEAN market, which includes Malaysia, Thailand, Indonesia and the Philippines and has annual sales of about 1.8 million vehicles. Full story...
Mar
23rd

Arab investment fund takes strategic stake in Daimler

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Daimler will raise 1.95 billion euros ($2.67 billion) in fresh capital through the sale of a 9.1 percent stake to Abu Dhabi's Aabar Investments PJSC the two companies said on Sunday. Some 96. Full story...
Mar
23rd

The Fiat-Chrysler vision

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The future of Jeep in a 40-mpg world may lie in a pint-sized off-road vehicle already plying the back roads of Europe. The vehicle is called the Fiat Panda Cross and is available only in a 1.3-liter diesel version that gets nearly 40 mpg. Full story...
Mar
23rd

Arab fund’s stake in Daimler shows automakers’ dire need for cash, say analysts

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Analysts today said Daimler's move to raise billions of euros in fresh capital shows how badly European automakers need cash in the current weak economic climate. Daimler said on Sunday it will raise 1.95 billion euros ($2. Full story...
Mar
23rd

25 finalists vie for PACE Awards

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Here are profiles of six of the 25 finalists in the 2009 Automotive News PACE Awards. Full story...
Mar
23rd

Chrysler’s ‘good soldier’: Finance arm did me in

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For more almost two decades, Ken Zangara was a good soldier for Chrysler. For many years he was the largest Dodge dealer in New Mexico, and he served a term as chairman of the Dodge National Dealer Council. Full story...
Mar
23rd

The sweet 16

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In a dismal year when industry sales slumped 18 percent, only a few dealership groups managed to boost revenues. According to Automotive News' annual survey of the nation's top 125 dealership groups, just 16 increased overall revenue in 2008. Full story...
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