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Mar
13th

US: GM says US$2bn March funding ‘not needed’

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GM has said that it does not need US$2bn of funding for March that it had previously requested from the US government. Full story...
Mar
13th

JAPAN: Toyota plans cheaper hybrid to rival Honda Insight

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Toyota is developing a hybrid priced lower than its Prius to compete with Honda's cheaper Insight, which was launched recently in Japan and is about to go on sale in the US and Europe. Full story...
Mar
13th

European February new-car sales fall 18.3%

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European new-car registrations fell 18.3 percent in February, industry association ACEA said today. The industry downturn accelerated in eastern and central Europe, but sales incentives in Germany bolstered Western Europe Full story...
Mar
13th

UK: Mandy admits sluggish support response

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The UK government's Business Secretary Lord Mandelson has admitted he wished talks with the Treasury and Bank of England on help for car financing schemes had 'gone quicker'. Full story...
Mar
13th

Sources: Banks give Schaeffler more time to restructure

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Heavily indebted German bearings maker Schaeffler Group has won more time from creditor banks to restructure itself, two sources familiar with the situation told Reuters on Thursday. Full story...
Mar
13th

Germany’s Merkel: Government has responsibility to help Opel

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German Chancellor Angela Merkel said today the government had a political responsibility to try to help struggling General Motors unit Opel. Full story...
Mar
13th

Norway fund expels China automaker Dongfeng

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Norway's $300 billion-plus wealth fund has excluded Chinese automaker Dongfeng Motor Group from its portfolio on ethical grounds, and put German Siemens under observation, officials said on Friday. Full story...
Mar
13th

Toyota to make cheaper hybrids to undercut Honda, report says

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Toyota Motor Corp. plans to develop a new low-price hybrid car aimed at undercutting rival Honda Motor Co.'s Insight, the Nikkei business daily reported on Friday. Full story...
Mar
13th

Germany passes U.K. as Ford’s top European market

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Germany overtook the U.K. in February to become Ford of Europe's biggest European sales market, the company said today. Ford sold nearly 10,000 more cars in Germany than in the U.K. last month. Full story...
Mar
13th

Report: Toyota to make cheaper hybrids to rival Honda

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Toyota plans to develop a new low-price hybrid car aimed at undercutting rival Honda's Insight, the Nikkei business daily reported on Friday. Full story...
Mar
13th

Ford’s top European market is now Germany

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Germany overtook the U.K. in February to become Ford of Europe's biggest European sales market, the company said today. Ford sold nearly 10,000 more cars in Germany than in the U.K. last month. Full story...
Mar
13th

French workers hurl eggs to protest Conti tire plant closure

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Workers in a small French town hurled eggs and insults at managers on Thursday to protest the closure of a tire plant by German car parts group Continental that would eliminate 1,120 jobs. Full story...
Mar
13th

Germany passes U.K. as Ford’s top unit-sales market in Europe

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Germany overtook the U.K. in February to become Ford of Europe's biggest European sales market, the company said today. Ford sold nearly 10,000 more cars in Germany than in the U.K. last month. Full story...
Mar
13th

Subaru’s U.S. chief promoted after U.S. sales gain

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Subaru of America is promoting Tomohiko Ikeda, who steered the automaker to the industry's only U.S. sales gain last year, to a senior post in Japan. Full story...
Mar
13th

Toyota to undercut Honda on hybrids, report says

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Toyota Motor Corp. plans to develop a new low-price hybrid car aimed at undercutting rival Honda Motor Co.'s Insight, the Nikkei business daily reported on Friday. Full story...
Mar
13th

Subaru’s U.S. chief promoted after sales gains

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Subaru of America said Tomohiko Ikeda, who steered the automaker to the industry's only U.S. sales gain last year, is being promoted to a senior post in Japan. Full story...
Mar
13th

Rally: Citroen’s Sebastien Loeb leads Cyprus Rally

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Four-time World Rally Champion Sebastien Loeb holds the overnight lead of the Cyprus Rally after a dominating performance through the opening day's asphalt stages in his Citroen C4 WRC. Full story...
Mar
13th

F1: Michael Schumacher in ‘no hurry’ for Ferrari talks

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Talks about Michael Schumacher's expiring Ferrari contract will only take place in the summer, according to his long-time agent Willi Weber. Full story...
Mar
13th

F1: McLaren admits new car is ‘too slow’

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Just as the Brawn GP Formula 1 car's sterling test pace is surprising, so too is the apparent struggle of reigning world champion Lewis Hamilton's employer McLaren. Full story...
Mar
13th

Lamborghini releases first images of the Murciélago LP 650-4 Roadster

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Automobili Lamborghini has released the first photographs of a limited edition Murciélago LP 650-4 Roadster. The Roadster version of the Murciélago will offer an uprated 6.5 litre V12 engine that produces 650 hp along with permanent four-wheel drive: hence the model's LP 650-4 moniker. With 660 Nm of torque, top performance is at 0-100km/h in 3.4 seconds. The top speed is around 330 Km/h. Full story...
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