Ford Motor Co. today said it has enough cash to survive 2009 without help, even if U.S. industry sales drop to an annual pace of about 9 million light vehicles and stay there for the year. Ford auditors signed off on the company's annual report to U.
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For the Geneva motor show, Volvo will reveal a freshened S80 sedan. The company's flagship model undergoes mild styling updates, receives a new diesel engine for Europe and gets chassis revisions.
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There is another small multipurpose vehicle set to make its debut at the Geneva motor show.
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About 5,000 workers have been recently laid off in the city of Rayong, Thailand, a regional car-making hub known as the "Detroit of the East".
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Retail new-vehicle sales in the first 22 days of February were down nearly 38% year on year, according to JD Power and Associates, which has consequently revised down its total new light vehicle sales forecast for 2009 to 10.4m units from 11.4m.
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Despite the last-minute abandonment of an almost completed dedicated factory due to protests over land seizures, Tata Motors is to launch its much-awaited Nano at a function in Mumbai on 23 March.
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Leading car industry executive Carlos Ghosn has said he did not expect many tie-up deals in the industry until the financial environment had stabilised.
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Honda Motor is to begin building a bio-fuel research centre near Tokyo in April ahead of beginning operations in November.
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The chairman of GM-owned Saab has been quoted as saying the troubled automaker, whcih filed for creditor protection in Swedish court this week, is still talking to the country's government about a loan guarantee of EUR500m (US$637m).
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Austrian firm planning two new concepts and two new variants of the X-Bow
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Superior Industries International Inc. posted its second straight quarterly loss as the aluminum wheel maker cut jobs and closed plants to survive a slowdown in the auto industry.
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Wheel maker Superior Industries International Inc. posted a narrower-than-expected fourth-quarter loss as the aluminum wheel maker cut jobs and closed plants to survive a slowdown in the auto industry.
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Volkswagen plans to double sales in China to over 2m units a year by 2018.
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Volkswagen plans to double sales in China to over 2m units a year by 2018.
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General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third.
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Nissan Motor on Thursday said it had been planning deep production cuts in Japan in February compared with March, and that a newspaper report of a rise in output was in line with plans it had announced earlier this month.
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Nissan has reached an agreement with union officials at its plant in Barcelona to slash 1,400 jobs rather than the 1,680 originally planned due to slumping global demand, Spanish media reported.
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Saab Automobile halted production in Sweden yesterday (25 February) over problems with a supplier and customs, it has been reported.
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Toyota Motor plans to set a target of around 6.3m units for global vehicle production in the 2009 business year starting 1 April, down about 10% year on year, sources familiar with the matter have said.
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General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.
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