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Jun
19th

Senate passes ‘cash-for-guzzlers’ bill; Obama likely to sign:

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The U.S. Senate passed a scaled-back $1 billion cash-for-guzzlers bill and sent it to President Barack Obama for his expected signature. Full story...
Jun
19th

No taxpayer cash for Porsche, German minister says

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German Foreign Minister and Vice Chancellor Frank-Walter Steinmeier said in a newspaper interview to be published on Saturday that the government would not step in to assist carmaker Porsche Automobil Holding SE with taxpayer money. Full story...
Jun
19th

INDIA: Michelin seen building EUR1bn plant

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Michelin may invest over EUR1bn (US$1.39bn) over 10 years in a factory in India, a local report said. Full story...
Jun
19th

US: GM axes Pontiac Vibe

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General Motors is to axe production of the Pontiac Vibe - a variant of the North America-only Toyota Matrix - by the end of August. Full story...
Jun
19th

UK: Car production down 43% in May

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As expected, UK car production almost halved over last year in May as UK plants continued to cut production in order to continue to wind down excess stock. Full story...
Jun
19th

JAPAN: Government kicks off ‘cash for clunkers’ deals

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The Japanese government has introduced its own version of a 'cash for clunkers' scheme for buyers of new low-emission cars. Full story...
Jun
19th

UK: GKN launches GBP423m rights issue

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UK-based driveline components supplier GKN has revealed a GBP423m rights issue as it seeks to bolster its finances. Full story...
Jun
19th

PSA will make more fuel-saving transmissions in France

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PSA/Peugeot-Citroen on Thursday launched an extension of its massive transmission factory in Valenciennes, northern France, as part of its effort to lower its fleet CO2 emission. Full story...
Jun
19th

PSA will boost output of fuel-saving transmissions

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PSA/Peugeot-Citroen on Thursday launched an extension of its massive transmission factory in Valenciennes, northern France, as part of its effort to lower its fleet CO2 emission. Full story...
Jun
19th

PSA will make more fuel-saving transmissions

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PSA/Peugeot-Citroen on Thursday launched an extension of its massive transmission factory in Valenciennes, northern France, as part of its effort to lower its fleet CO2 emission. Full story...
Jun
19th

SPAIN: Automakers see sales fall easing

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Spanish carmakers association Anfac thinks the recent steep year on year sales falls of recent months could ease from June. Full story...
Jun
19th

AvtoVAZ boss has not been offered chance to join Opel-Magna alliance

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Russia's largest carmaker AvtoVAZ is not considering any partnerships with Germany's Opel or Canada's Magna International, its boss said on Friday, contradicting remarks from the head of Sberbank. Full story...
Jun
19th

AvtoVAZ denies it will join Opel-Magna alliance

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Russia's largest carmaker AvtoVAZ is not considering any partnerships with Opel or Magna International, its boss said on Friday, contradicting remarks from the head of Sberbank. Full story...
Jun
19th

AvtoVAZ boss has no plans to joint Opel-Magna alliance

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Russia's largest carmaker AvtoVAZ is not considering any partnerships with Germany's Opel or Canada's Magna International, its boss said on Friday, contradicting remarks from the head of Sberbank. Full story...
Jun
19th

US: ‘Cash for clunkers’ passed by Senate

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A US scrappage incentive known as "Cash for Clunkers" has been approved by the US Senate and is likely to be implemented within the next 30 days. Full story...
Jun
19th

US: UAW picks Girsky for GM board seat

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The trustees of the Voluntary Employee Beneficiary Association (VEBA) for retired UAW-represented workers at GM have named analyst Stephen Girsky as a director of the new GM. Full story...
Jun
19th

FRANCE: New PSA boss shakes up top team

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PSA Peugeot Citroen's new boss Philippe Varin, who joined the French company last month to replace ousted CEO Christian Streiff, has stamped his mark on the company with a number of key appointments. Full story...
Jun
19th

UK car production gets boost from scrapping plans

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Thanks to scrapping incentives, British car production fell 43.0 percent in May versus a year ago, the smallest monthly decline this year, the Society of Motor Manufacturers and Traders said on Friday. Full story...
Jun
19th

Scrapping schemes help improve U.K. car production

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Thanks to scrapping incentives, British car production fell 43.0 percent in May versus a year ago, the smallest monthly decline this year, the Society of Motor Manufacturers and Traders said on Friday. Full story...
Jun
19th

UK: Toyota extends iQ city car line

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Toyota Europe has extended its premium priced iQ city car range with a new version with 1.33-litre petrol engine (already used in the in the Auris, Yaris and Urban Cruiser), start-stop and the option of a CVT automatic transmission. Full story...
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