If it's not for development of new products or market launches of new vehicles, every cost in the industry is being slashed. Dealer meetings. Opulent stands at auto shows. Business travel. Even the temperature in Toyota's offices.
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As auto industry executives plan for a dismal 2009, they face a lot of uncertainty on investing for the future. The key question: What will a "normal" year look like? For nine years starting in 1999, the normal U.S. market was around 16.
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Fuel economy and the electrified vehicle dominate the show. But with current fuel pricing and#x2014; a barrel of oil skidded to $35 last week and#x2014; alternative-energy cars are going to have to wait to catch the American mainstream.
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David Stockman got into trouble with criminal prosecutors over supplier rebates. Now, a technicality about the controversial practice has gotten him off the hook. On Jan.
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Ford Motor Co. marketing chief Jim Farley expects to put the brakes on the Ford brand's market share loss in 2009. The brand had a 12.7 percent U.S. share last year.
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To ease an inventory glut, the nation's largest auto dealership group plans to slash new-vehicle orders by 60 percent in each of the first three months of 2009 compared with a year ago. Mike Jackson, CEO of AutoNation Inc.
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Coming off a sharp sales decline in December, Toyota Division is trying to lure buyers into showrooms with new cash offers for customers and dealers.
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Coming soon to Canada is the 2010 Kia Soul. The Soul will enrich the youthful-car market by injecting personality into this economical end. The Kia Soul has kept true to its modern form first seen at the Detroit International Auto Show in 2006. When it arrives, this five-passenger Kia will be available in four trim levels: Soul, Soul+, Soul!, and Soul sport.
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Former three-time World Champion Niki Lauda has a novel proposal to get more value out of F1's highly paid drivers and at the same time help another premier series stave off the effects of the global financial crisis.
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While Audi will contest the 24 Hours of Le Mans as part of its factory commitment with the new R15 TDI in 2009, Dr. Colin Kolles is planning to buy two Audi R10 TDI cars for his racing team.
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Team Williams launched its new, 2009 Formula 1 challenger on Monday, the FW31 at the Portiamo circuit in Portugal.
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Renault on Monday revealed its 2009 Formula 1 car, a slightly revised livery and a new sponsor in the form of the French oil company Total.
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Once again, the Montreal International Auto Show (MIAS) is using the "On Route to a Greener Future" attraction to bring drivers up to date on all the latest environmentally-friendly technologies.
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Though the Montreal Auto Show received plenty of hype for all the new hybrids, sports cars and crossovers presented there, it's also being recognized for helping out various charities in the process.
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Once again, the Montreal International Auto Show (MIAS) is using the "On Route to a Greener Future" attraction to bring drivers up to date on all the latest environmentally-friendly technologies.
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Some controversy arose over comments made by new Formula 1 World Champion Lewis Hamilton over Ron Dennis' retirement from the McLaren F1 race team.
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Former three-time World Champion Niki Lauda has a novel proposal to get more value out of F1's highly paid drivers and at the same time help another premier series stave off the effects of the global financial crisis.
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Red Bull Racing driver, Australian Mark Webber has set a firm date for his return to the formula one cockpit.
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We've seen environmentally friendly SUV's brought to market, and now, we're about to see a performance-enhanced version of the smart fortwo.
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Some auto shows put more emphasis on the "beauty" than on the "beast". At the SEMA Show, for instance, models (or girls, as you prefer) often wear sexy bikinis. Not so at the North American International Auto Show (NAIAS). Not because it takes place in harsh wintertime, but more so because here, ladies who model next to the four-wheeled stars take up a different role these days.
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