Chrysler has rolled out an offer similar to several available here in the UK at present: doubling the US government's $US4,500 'cash for clunkers' offer to $9,000.
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Colombian car sales in the first six months of 2009 fell 22.4%, less than expected.
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Consolidated first quarter revenues for Apollo Tyres' Indian and International Operations - grew 24% to INR16.3bn.
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Toyota Motor Corp. is targeting a return to profitability in North America as soon as the next fiscal year, the newly appointed head of the automaker's U.S. operations said today.
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The decision to invest US$1bn in the most modern GM unit in Brazil, in Gravataí, state of Rio Grande do Sul, was actually taken about a year ago.
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A GBP3.5m support package to help automotive suppliers in the region get through the economic downturn was launched this week by the West Midlands Taskforce.
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Brent Dewar, General Motors Co.'s European sales chief, was named vice president of Chevrolet as part of a sweeping overhaul involving appointments and departures for about two dozen executives.
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Brent Dewar, General Motors Co.'s European sales chief, today will be named head of Chevrolet as part of a leadership shake-up at two of the four surviving U.S. brands, two people familiar with the plan said.
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The Society of Motor Manufacturers and Traders (SMMT) has welcomed the European Commission's statement setting out the future legal framework for the sale of vehicles and aftersales services following the expiry of the current block exemption regulation in May 2010.
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Volkswagen's supervisory board has backed the creation of an integrated automotive group with Porsche under the leadership of VW whose management board will now begin talks with the sportscar maker's new chiefs to jointly draw up final details.
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Workers at bankrupt French supplier New Fabris have won severance pay averaging EUR28,500 (US$40,500) after threatening to blow up their factory along with components destined for Renault and PSA Peugeot Citroen.
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General Motors Co., continuing to shake up management since exiting bankruptcy two weeks ago, plans to name designer Bryan Nesbitt as chief of Cadillac.
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To a round-table lunch in Soho dominated by the pundit prince, Professor Garel Rhys. The Cardiff University car sage was doing his stuff on global auto industry trends when Fiat's name unexpectedly occupied one of his sentences. "Fiat has just committed suicide," he reflected. "Couldn't make one company work so it is going to try two."
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Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately.
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Ford has beaten analysts' estimates of an operating loss of around 50 cents a share for the second quarter of 2009 by posting an after-tax loss of US$638m or $0.21 per share, compared with a loss of $1.4bn, or $0.63 per share, a year ago.
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Indebted Russian carmaker GAZ is to receive RUB5.6bn (US$180.2m) from the state to build a diesel engine plant, prime minister Vladimir Putin has announced.
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Fiat and Tata Motors plan to sell the Indian manufacturer's low-cost Nano model jointly in Latin America.
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Plastic Omnium reported consolidated net profit of EUR8m (US$11.3m) in the six months to end-June, compared to EUR2.5m (US$3.5m) a year ago due to cost cuts, lower capital expenditure and working capital.
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Volkswagen Chairman Ferdinand Piech tightened his grip over Porsche on Thursday after the sports car maker's CEO was ousted following a power struggle to keep Porsche independent.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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