Ford Motor Co. wants to use social networking sites such as Facebook to generate buzz for its new Fiesta subcompact. But it will rely on company outsiders to get the early word out.
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Chery Auto has said that it plans to start building six new factories overseas in 2009, taking its total to fifteen.
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Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process.
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Ford Motor is asking Internet social networkers in North America to test its Fiesta ahead of the car's launch in the U.S. next year.
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The US government should consider a proposed merger between Chrysler and Fiat if it is the only way for the distressed Detroit automaker to survive, a senator has said.
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The European Union's executive arm has expressed concern that Italy's 1.2 billion euro package for its car sector may violate EU rules on state aid.
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FRANKFURT, Feb 20 (Reuters) - Opel is seeking help to finance a 3.3 billion euro ($4.15 billion) liquidity gap through the end of 2011, a company source said.
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US president Barack Obama has said he was deeply concerned about the North American automobile industry and that it would need significant restructuring.
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TRW Automotive Holdings Corp., crippled by production cuts at automakers, posted a fourth-quarter loss today after a year-earlier profit and said revenue would drop at least 25 percent this year.
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TRW Automotive Holdings Corp., crippled by production cuts at automakers, posted a fourth-quarter loss today after a year-earlier profit and said revenue would drop at least 25 percent this year.
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Honda will price its new Insight gasoline-electric car at 19,900 euros in Italy. Italian buyers can buy the five-door hatchback for as little as 14,900 euros if they take advantage of the government's incentives schemes.
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Tony Woodley, joint general secretary of the UK's biggest auto union, Unite, has written to the chairman of BMW's board of management to protest his union's "outrage" at the manner in which 330 BMW agency workers were summarily sacked from the Oxford Mini plant earlier this week - and has warned the automaker there would be no further repeats of last Monday's "disgraceful sackings".
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A fleet of some 70 electric buses with double the maximum range of conventional electric cars will go into use in June in northeast China's Jilin Province, a researcher said Friday.
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GM Daewoo has said it expects to receive support from the South Korean government.
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Toyota Motor was expected to announce today (20 February) it was bringing back Yoshi Inaba, a former senior executive, to revamp its North American operations, a person familiar with the matter has said.
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Professor Garel Rhys is a respected academic with a deep knowledge of the global auto industry informed by many decades of close study. His views are sought by many in the industry and beyond, including OEMs, suppliers, retailers and indeed governments. Here, speaking to headlineauto, he outlines his views on the current industry downturn.
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Professor Garel Rhys is a respected academic with a deep knowledge of the global auto industry informed by many decades of close study. His views are sought by many in the industry and beyond, including OEMs, suppliers, retailers and indeed governments. Here, speaking to headlineauto, he outlines his views on the current industry downturn.
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General Motors' German unit Opel needs around EUR3.3bn (US$4.15bn) in liquidity, a company source has said.
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General Motors' Saab estimated that it made a loss of around SKR3bn crowns (US$340m) last year and would post a similar loss this year, the carmaker said in documents submitted to a court on Friday.
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Russia's GAZ Group has abandoned a plan to buy a 50% stake in Italian diesel engine producer VM Motori, Russian business daily Vedomosti reported on Friday.
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