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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BorgWarner has named the former Americas chief of Siemens VDO, John Sanderson, as president and general manager of its transmission systems drivetrain group and a vice president of the parent company.
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GM has posted an adjusted net loss of $5.9bn or $9.65 per share, compared to adjusted net income of $46m, or $0.08 per share a year previously.
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GM has posted an adjusted net loss of $5.9bn or $9.65 per share, compared to adjusted net income of $46m, or $0.08 per share a year previously.
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General Motors Europe´s financial health deteriorated sharply during 2008 as the carmaker suffered an adjusted pretax loss of $1.6 billion, compared with an adjusted pretax profit of $55 million in 2007.
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General Motors Europe´s financial health deteriorated sharply during 2008 as the carmaker suffered an adjusted pretax loss of $1.6 billion, compared with an adjusted pretax profit of $55 million in 2007.
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Thousands of Opel workers from around Germany took part in a mass rally today at the company's headquarters, demanding that parent General Motors scrap plans for plant closures in Europe.
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The Obama administration task force overseeing auto industry restructuring turned its attention to Chrysler on Wednesday, which is seeking up to US$5bn in new bailout funds.
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Investors are more likely to look beyond the bad news for updates on the survival plan when General Motors reports fourth quarter results later today.
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When General Motors reports fourth-quarter financial results today, investors will be looking for an update on its survival plan. What GM says about its remaining liquidity and options for U.S. government funding will be important, analysts say.
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When General Motors reports fourth-quarter financial results today, investors will be looking for an update on its survival plan. What GM says about its remaining liquidity and options for U.S. government funding will be important, analysts say.
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Toyota is to launch a redesigned Verso at Geneva next week alongside the European-spec Prius and more powerful versions of the iQ city car.
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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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