Car tyre output in Russia decreased 43.9% year on year to 7.989m units in January-June, the Federal State Statistics Service said in a report obtained by Prime-Tass on Monday.
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Fiat India Automobiles, a joint venture between Fiat and Tata Motors has raised a loan worth $510m, a Citigroup India spokesman said on Monday.
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Renault Group on Monday said market share in the first half was stable at 3.7% though sales fell 16.5% in a global car and LCV market down the same amount.
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Workers at French car parts maker New Fabris voted on Monday to remove gas canisters they had threatened to use to blow up their factory to back demands for higher redundancy payouts, a union representative told a news agency.
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Porsche CEO Wendelin Wiedeking will fight for his company and its staff if it merges with Volkswagen, he has said in an interview to be published on Thursday.
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With both GM and Chrysler back on recovery track after a quick restructuring under Chapter 11, will the US automotive taskforce turn its focus on the struggling suppliers? SupplierBusiness reports
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Opel racked up EUR1.861bn in losses between 2003 and 2007, Financial Times Deutschland reported on Monday.
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The Kuwaiti Investment Authority may be considering investing in German auto parts supplier Continental AG, German business weekly WirtschaftsWoche reported on Saturday.
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Former General Motors purchasing chief Bo Andersson today was elected board chairman of Russian automaker GAZ Group.
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Former General Motors purchasing chief Bo Andersson today was elected board chairman of Russian automaker GAZ Group.
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Johnson Controls third fiscal quarter 2009 profits were down about two-thirds as the battery and interiors supplier, also active in the building sector, reported a profit of US$0.26 per share on net sales of $7bn, segment income of $282m and net income of $163m. The auto interiors business itself booked a loss of US$14m versus a profit of $199m a year ago when net company sales were$9.9bn, segment income was $645m and net income $439m, or $0.73 a share.
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Rising from the ashes of three bankrupt auto parts manufacturers in the stamped- and cast-metal component sector is Cerion LLC, a new manufacturer coming to life through acquisitions that could be capable of generating nearly $1 billion in revenue.
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Workers at French car parts supplier New Fabris voted on Monday to remove gas canisters they had threatened to use to blow up their factory, a union representative said.
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Opel bidder Magna has finally made gave its first public commitment to producing the new Vauxhall Astra at Ellesmere Port and continuing production of the Vivaro van line at its Luton plant until at least 2013.
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Chrysler is pondering a shakeup for its midsize-sedan lineup.
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Suzuki will embrace the hot-hatch craze by adding a more street-worthy version of its SX4 compact car.
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Lord Mandelson, the UK's business secretary, has warned the Indian owner of Jaguar Land Rover (JLR) to accept a revised proposal to guarantee hundreds of millions of pounds in short-term funding or risk seeing it taken off the table, a newspaper report on Monday said.
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Latest images reveal luxury car's leviathan proportion
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Korea's answer to the Landrover Freelander gets a slick new look.
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