Jaguar has announced that production of the X-Type car at the Halewood factory will cease before the end of 2009 with the loss of up to 300 jobs.
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President Barack Obama has praised General Motors and Chrysler for emerging from bankruptcy ''in record time'' in the past few weeks.
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Auto partsmaker Yorozu has said it will suspend operations at its US plant in Michigan in October in response to the restructuring of major client General Motors.
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Chrysler Financial has repaid in full the US$1.5bn of Troubled Asset Relief Program (TARP) government loans, it said in a statement last night.
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Russian President Dmitry Medvedev will call for a final deal to allow Sberbank and Magna International to acquire control of Opel while visiting Germany this week, a top Kremlin aide said on Wednesday.
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Russian President Dmitry Medvedev will call for a final deal to allow Sberbank and Magna International to acquire control of Opel while visiting Germany this week, a top Kremlin aide said on Wednesday.
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Russian President Dmitry Medvedev will call for a final deal to allow Sberbank and Magna International to acquire control of Opel while visiting Germany this week, a top Kremlin aide said on Wednesday.
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India's Mahindra & Mahindra (M&M) last week took full control of its South African joint venture Mahindra South Africa set up in October 2004 with African Automotive Investments Corporation, a subsidiary of African Resources and Logistics Corporation.
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The holding company RHJ International was due to hold talks on Wednesday at the German economy ministry about its rival bid for Opel, sources told news agency AFP.
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Lower Saxony's prime minister Christian Wulff has demanded that the families controlling Porsche settle their differences and decide on whether to seek an integration with Volkswagen or not.
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Toyota said its European new-car sales fell 26 percent to 452,350 in the first half compared with the same period last year. Sales of the carmaker's Lexus premium brand were hit especially hard by the economic crisis.
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German analyst and investor sentiment dropped in July for the first time in nine months, weighed down by concerns about tighter credit conditions and suggesting any economic recovery in Europe's largest car market will be slow.
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German analyst and investor sentiment dropped in July for the first time in nine months, weighed down by concerns about tighter credit conditions and suggesting any economic recovery in Europe's largest car market will be slow.
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Kia Motors has released the first pictures of its updated cee'd, showing off the South Korean brand's new 'family face'.
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Nissan Motor has developed a dual injector system designed to improve fuel efficiency in small-displacement petrol engines. The new fuel delivery system, the first of its kind, uses an injector for each port rather than one per cylinder - speeding up fuel vaporisation, reducing the amount of unburned fuel and reducing hydrocarbon emissions.
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The fight to control Porsche took a dramatic twist on Wednesday when it was reported that Volkswagen and Porsche would hold special board meetings on the same day in the sports car maker's home city.
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Porsche Automobil Holding SE's supervisory board will discuss only a possible sale of a stake to Qatar at its next meeting on July 23, rebuffing plans by Volkswagen to push forward a merger of the two carmakers, German daily newspaper Bild...
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Porsche Automobil Holding SE's supervisory board will discuss only a possible sale of a stake to Qatar at its next meeting on July 23, rebuffing plans by Volkswagen to push forward a merger of the two carmakers, the German daily Bild...
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French supplier Valeo said on Wednesday it would simplify its structure around four groups to boost growth across its markets, improve efficiency and increase profits.
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European new-car sales were up 2.4 percent in June, boosted by scrapping incentive schemes in several member states. The rise was the first increase in 14 months for the crisis-hit industry, industry body ACEA said on Wednesday.
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