The souring U.S. auto industry has claimed another victim: Product Action International LLC. The Indianapolis consulting firm that helps such clients as General Motors, Chrysler LLC and Toyota Motor Engineering and Manufacturing North America Inc.
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U.S. spending on machine tools and other manufacturing equipment fell by more than half in December, dragging the full-year total down 2.4 percent from 2007. Consumption of U.S.-made and imported machine tools and metalworking equipment dropped 52.
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U.S. Sen. Carl Levin said today that General Motors might need federal assistance beyond the $13.4 billion in loans already approved if vehicle sales stay at depressed levels.
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Ron Bloom, named to an Obama administration team to help overhaul the U.S. auto industry, is a seasoned labor negotiator who can close a deal with Wall Street financiers but help get workers facing a horrible reality something for their sacrifice.
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OUR TAKE: Nissan calls this new-for-2009 Maxima the return of the four-door sports car. (There's even a small 4DSC sticker in the corner of the back door).
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When the second-generation Mazda 3 hits dealerships in the spring, it will wear a base price of $15,715 (including $670 destination), which represents a $355 increase over its predecessor. Entry-level "i" models remain powered by a 2.
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GKN has announced plans to shut two facilities and consolidate its UK driveline component operations into a single centre at its existing plant at Erdington, Birmingham (UK).
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The state of Tennessee - home to Nissan's first car 'transplant' factory 15 years ago, and where it now has its US headquarters - would be one of the first locations where it would sell its new all-electric car, with a 100-mile (160km) battery range, after it arrives in late 2010, a top official at the automaker has said.
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After a 12-year run and more than 460,000 sales across two generations, Mercedes-Benz has replaced the CLK with the 2010 E-class coupe.
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Along with a fresh three-dimensional company logo, Citroën will reveal the first model in its revived DS (for "different spirit") range at the Geneva motor show next month.
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Along with a fresh three-dimensional company logo, Citroën will reveal the first model in its revived DS (for "different spirit") range at the Geneva motor show next month.
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While Audi's A6 allroad quattro didn't resonate in North America and ultimately was discontinued after the 2005 model year, it did enjoy mild popularity in Europe and continues to be sold there.
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Delphi Corp.'s retired salaried employees have formed an organization to fight the bankrupt supplier's decision to eliminate their health care and life insurance benefits.
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Orders for Honda's new Insight ultra fuel-efficient hybrid hatchback topped 10,000 units just 10 days after its 6 February showroom launch in Japan, the carmaker said.
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Honda Motor's China passenger car sales rose 16.8% year on year in January to 38,022 units, outperforming a 7.76% fall in the country's overall car market.
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Dongfeng Motor Group vehicle sales in January fell 19.46% year on year.
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GKN, the UK's largest auto parts supplier, will close two components factories in England.
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The European new car market is showing no signs of recovery as sales plunged 26% year on year to 954,234 units last month.
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To keep in step with Mini, Fiat will launch a convertible version of the 500 at the Geneva motor show. The 500C comes a couple months after Mini showed its own new convertible at the Detroit auto show.
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Liberty, which owns a controlling stake in satellite TV provider DirecTV Group Inc., would also receive seats on Sirius XM's board, and expects Malone and Liberty CEO Greg Maffei to join the board.
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