The Thai government has rejected calls from its ailing local car industry to cut taxes and guarantee payments in an attempt to boost domestic market sales.
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General Motors' German unit Opel could slash 3,500 jobs as part of a plan to cut costs and relaunch as an independent company, GM Europe head Carl-Peter Forster told a German newspaper.
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General Motors's Chevrolet Europe unit expects to be profitable this year in the face of a broad industry downturn, the head of the unit said. Chevrolet Europe sales rose nearly 11 percent to more than 500,000 vehicles in 2008, giving it a 2.
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Rumours and speculation continued to swirl around General Motors' unit Saab as both Geely Automobile and Dongfeng Motor Group of China denied they were interested in buying the brand.
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General Motors has hinted it may copy an incentive programme launched by Hyundai Motor America that allows buyers to return their new vehicles if they suddenly lose their income but is not keen on taking vehicles back itself.
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AvtoVAZ has suspended production again this week after SOK Group stopped parts supplies, according to a report in business daily Kommersant.
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Workers at troubled van maker LDV have agreed to take a 10% pay cut to support a planned management buy-out (MBO).
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General Motors expects to build about 34% fewer vehicles in North America in the second quarter than it did a year previously while Ford output will be off 38%.
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Big, brash and bold, Aston Martin pulled the wraps off a super-luxury $210,000 Lagonda SUV at the Geneva motor show with plans to relaunch a brand dormant since the 1990s.
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A South African government minister has warned that auto industry bailouts in rich nations could harm the economies of developing countries.
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China is expected to unveil detailed rules and measures on boosting the auto sector on a rolling basis through this year, beginning in mid-March.
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French financier Vincent Bollore said he could consider taking a stake in Italian car designer Pininfarina if it needed an industrial partner.
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French financier Vincent Bollore said he could consider taking a stake in Italian car designer Pininfarina if it needed an industrial partner.
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US light vehicle sales data for February is grim reading, to say the least. Adjusted for selling days, the Detroit-based brands were down 47.2% year on year, Asian brands off 31% and Europeans fell 22.5%. Overall, the industry tanked by 38.9% to 687,356 while year to date sales were down 39.3% to 1,342,166.
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Lamborghini expects it to be a challenge to make a profit this year after early sales skidded by nearly 40 percent in a sign that the rich are also hesitant about making big purchases in times of crisis.
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Lamborghini expects it to be a challenge to make a profit this year after early sales skidded by nearly 40 percent in a sign that the rich are also hesitant about making big purchases in times of crisis.
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Lamborghini expects it to be a challenge to make a profit this year after early sales skidded by nearly 40 percent in a sign that the rich are also hesitant about making big purchases in times of crisis.
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Lamborghini expects it to be a challenge to make a profit this year after early sales skidded by nearly 40 percent in a sign that the rich are also hesitant about making big purchases in times of crisis.
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German carmakers Daimler and BMW today warned against state bailouts in the car industry, arguing that governments should not interfere in necessary structural changes during the economic downturn.
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Aston Martin's much-anticipated concept to revive its Lagonda marque is a heavyweight SUV aimed at markets with rough roads and harsh conditions.
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