Mark Fields, Ford's president for the Americas, was confident about the prospects of the US car market yesterday as he relaunched the Taurus in Chicago.
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A second raid on Ssangyong Motor's plant in Pyeongtaek today saw police finally gain control of most of the buildings, leaving hundreds of protesters isolated in their paint shop stronghold.
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Australia's new vehicle sales fell in July compared to the same month last year, although there were improvements in small cars, sports cars and in the SUV category.
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Ford's supermini takes top prize at annual awards bash
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The US government has allocated over US$600m to the three Detroit-based automakers to further develop hybrid and electric vehicle battery technology.
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Amerigon, maker of heated and cooled seats for OEMs and, recently, the aftermarket, reported a first half 2009 net loss of US$1.8m compared with net income of $2.6m last year period.
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Honda Motor expect its car unit to return to profit in the second half of 2009 thanks to rising sales, even without a boost from the healthy financial services division, a top executive said.
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Four of the five top-selling new cars sold under the US government's CARS/'cash for clunkers' rebate scheme were made by Japanese automakers, albeit mostly in North America, media reports citing transportation department data said.
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Sam Hogg came to the Management Briefing Seminars on Tuesday with one message for auto suppliers: Stop making so many auto parts. There are other business opportunities out there that require the same skills as making auto parts, he said.
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General Motors said it made progress "clarifying issues from the best and final offers received two weeks ago" at several meetings with Opel bidders Magna and RHJI, and with members of the German automotive task force, in Berlin on Tuesday.
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Toyota Motor Corp. President Akio Toyoda said today the automaker hopes to make a decision soon on whether to shutter a California plant it has shared with General Motors for the past 25 years.
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American Axle & Manufacturing Holdings has reported a net loss of US$288.6m, ($5.20 a share) after a 57% year on year decline in total light truck production volumes in the second quarter of 2009 due to the the extended production halts at key customers General Motors and Chrysler while they restructured.
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With the Senate poised to pass a $2 billion expansion of the cash-for-clunkers program as early as today, Republicans are asking Democrats to allow votes on amendments that would delay the popular program.
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Any Senate changes to the House bill that passed last week would have to be voted on again by the House when it returns from recess after Labor Day.
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The Senate is likely on Thursday to pass a $2 billion expansion of the cash for clunkers program without any changes, sending it to President Barack Obama for his signature, a spokesman for the Senate Republican leader said today.
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The Renault-Nissan alliance's latest zero emission vehicles partnership has been formed with the state government of Victoria in Australia.
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Battery bottlenecks are hurting efforts to boost output of the Toyota Prius to meet booming demand, and the problem will likely persist into next year, a Toyota official says.
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A two-month factory shutdown and the cash-for-clunkers government rebates accomplished a feat that had eluded Chrysler Group: It turned several slow-selling vehicles into scarce commodities.
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The CFO of American Axle and Manufacturing Holdings Inc. said today the supplier plans to avoid going into bankruptcy, but declined to say whether General Motors Co. would again come to the rescue.
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