Germany's government declined to comment on a newspaper report it plans to extend by up to EUR1bn incentives offered to consumers to boost car sales.
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According to an analysis by consulting firm Deloitte, the global automotive industry is expected to benefit directly from an injection of around US$50 billion in economic stimulus funds, but it says more help is needed to lift consumer confidence and get the industry working more normally again. It also added its weight to calls for a scrappage incentive in the UK.
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Jaguar Land Rover could make further job cuts unless the British government provides financial aid to the brands, Ratan Tata, chairman of Tata Motors, said today in a television interview.
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Jaguar Land Rover could make further job cuts unless the British government provides financial aid to the brands, Ratan Tata, chairman of Tata Motors, said today in a television interview.
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Jaguar Land Rover could make further job cuts unless the British government provides financial aid to the brands, Ratan Tata, chairman of Tata Motors, said today in a television interview.
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Vehicle production in Thailand declined by over 50% year on year in February to 61,067 units, according to the Federation of Thai Industries, reflecting a sharp decline in demand from both the home market and overseas.
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Leoni has dismissed rumours that Valeo is planning to take a stake.
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Despite the economic crisis in 2008, the British sports car brand Aston Martin had the second-best year in its checkered history, the company's boss said.
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Ford plans to raise its car prices in Russia by 5% on average starting April 1.
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Brilliance China Automotive Holdings is expected to unveil four new models on the upcoming Shanghai Motor Show that opens on April 22, according to a Beijing News report.
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Mercedes-Benz has said its monthly vehicle sales in China grew 21% year on year to hit 2,800 units in February.
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The Canadian Auto Workers union has begun talks with Chrysler in Toronto.
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Linamar Corp. is not in danger of breaching any bank covenants and expects to win significant new work over the next several months as weaker rivals succumb to the steep downturn in the North American auto market, the company's CEO said Monday.
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Union concessions on labour costs to General Motors of Canada made earlier this month will save the automaker almost C$1bn ($819.1m), it has emerged.
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The French state will invest 10 million euros ($13.63 million) in niche carmakar Heuliez, if the company comes up with a realistic industrial plan, government spokesman Luc Chatel said today.
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The Royal Bank of Scotland is reported to have has sued Lear Corporation seeking at least $35.2m in a breach of contract lawsuit involving foreign exchange and other swaps.
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All manufacturers are feeling the heat in recession-hit Europe this year and BMW Group is no exception. Even the highly successful Mini brand has been impacted with the plant at Oxford losing a shift.
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All manufacturers are feeling the heat in recession-hit Europe this year and BMW Group is no exception. Even the highly successful Mini brand has been impacted with the plant at Oxford losing a shift.
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The French government will oppose a EUR3.2m (US$4.4m) severance payment [aka 'golden parachute'] for departing Valeo's chairman and chief executive Thierry Morin.
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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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