Truck parts maker SAF Holland will close one of its three plants in Germany within the next two years, CEO Reiner Beutel told Financial Times Deutschland.
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Daihatsu Motor has reported a sharp fall in full year net income as sales contracted 4.2% and it struggled with the global downturn and rising yen.
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Russia's industry and trade ministry has approved a list of car manufacturers whose models are eligible for regional government purchases under a federally and regionally financed 30bn ruble programme, business daily Vedomosti reported.
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Spy shooters have caught Fords new monster truck, and its fitted with a honkin new V8.
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AvtoVAZ has reduced senior executives' salaries by 20%, the company's president told ITAR-TASS.
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First quarter operating profit at Volkswagen Group's premium car unit Audi fell 29% to EUR363m as revenue fell 19% to EUR6.70bn.
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Honda Motor Co. posted its first quarterly loss in 15 years in the three months ended March 31, but still squeaked out a full-year profit. It forecasts continuing black ink despite falling sales in the fiscal year that began April 1.
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Austrian-Canadian supplier Magna International is seeking to obtain majority control of General Motors' Opel unit through direct and indirect stakes, a regional state leader said on Tuesday.
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The executive vice president of Honda Motor Co has reiterated comments made by his company's president Takeo Fukui earlier this month that the US market may be bottoming out, although risks to recovery still remained.
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SAIC Motor has posted a drop of almost 50% in first-quarter earnings though its RMB626.9m (US$91.8m) net profit reversed losses in the fourth quarter. The company posted a RMB1.24bn net profit in Q1 2008.
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Fiat S.p.a. and Magna International Inc. are emerging as rival bidders for a significant stake in General Motors' Opel/Vauxhall subsidiary.
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Daimler AG's deal to exit its 19.9 percent stake in Chrysler LLC facilitates the U.S. automaker's proposed partnership with Fiat S.p.A., Chrysler CEO Bob Nardelli said. The move will help Chrysler meet the requirements laid out by the U.S.
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Toyota Motor Sales USA is to recall approximately 39,100 stainless steel exhaust tip retention clamps.
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Chrysler LLC creditors and the U.S. Treasury Department agreed late Monday on terms that may prevent a Chrysler bankruptcy filing, the Washington Post reported. The creditors agreed to write down $6.
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The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said.
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Denso Corporation has reported an operating loss of JPY37.3bn (US$379.8m) for the fiscal year ended 31 March, 2009 compared with operating income of JPY348.7bn ($3.5bn) a year ago.
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Renault plans to manufacture a new 1.6-liter four-cylinder diesel engine at a factory near the northwestern French city of Cleon.
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General Motors' equity-for-debt offer has drawn a sharp response from advisers to the ad hoc committee of GM bondholders.
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PORTO, Portugal -- Renault is developing a convertible based on its Twingo minicar, a company executive told Automotive News Europe.
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