New vehicle sales in Indonesia fell by 19.6% in January to 34,167 units, according to industry-wide wholesale data released by distributor PT Toyota Astra Motor.
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Renault is to end production of its Laguna family car at the Sandouville plant in France, replacing it with a model sourced from its South Korean affiliate Samsung.
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Chrysler Canada is making good progress on its restructuring plans and will likely be in a position within the next couple weeks to draw on emergency loans from the governments of Canada and the province of Ontario, its president and chief executive...
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U.S. economic stimulus legislation includes a provision removing a potentially staggering tax liability associated with the bailout of General Motors, a senator said on Wednesday.
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Nissan Motor Co. expects its sales in China to increase 4.6 percent to 570,000 vehicles this year, despite slowing industry growth due the global financial crunch.
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Ford of Europe has joined calls for the British government to introduce scrappage incentives to boost new car sales during the recession.
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Tesla Motors has said it should be profitable by mid-2009 and that it has sold out of its Roadster model until early November.
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GM Daewoo said today it had asked the South Korean government to provide support including financial help. GM Daewoo is the South Korean unit of General Motors.
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U.S President Barack Obama said he remains committed to giving ailing U.S. automakers "serious help" in the future, but only if they can produce a viable plan to transform the industry, The Detroit Free Press reported.
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Kia Motors will temporarily cut production at it Slovak assembly plant due to weak demand on European markets. "We will limit production to only one (working) shift during the next two weeks," said Kia Motors Slovakia spokesman Dusan Dvorak.
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BMW and Fiat both denied a report that they are no longer planning cooperation between their Mini and Alfa Romeo brands.
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General Motors has discussed selling shares of various joint ventures in China with partner SAIC Motor as part of efforts to raise cash.
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Mitsubishi has pulled out of the IAA in Frankfurt in September, citing "extraordinary business and financial challenges" as the reason.
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Sales of new cars in Russia will tumble by 40 percent this year, a leading business group said after sales plunged 33 percent in January.
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Sales of new cars in Russia collapsed by 33 percent in January compared with a year ago, a leading business daily reported on Thursday, quoting preliminary data compiled by the Association of European Businesses (AEB).
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PSA/Peugeot-Citroen has hired Mercedes-Benz sales executive Jean-Marc Gales to head the Citroen brand. Gales, a 46-year-old citizen of Luxembourg, will take the helm at Citroen in March, the company said.
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PSA/Peugeot-Citroen has hired a Mercedes-Benz sales executive to head the Citroen brand, German magazine Wirtschaftswoche reported, without citing its sources.
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Renault posted a sharp decline in 2008 net profit sales on Thursday due to a "financial and economic crisis of massive proportions." The carmaker dropped key 2009 targets as it expects the market to get worse.
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General Motors has been in talks with China's SAIC Motor about the possible sale of a share of GM's stake in their joint venture or other assets as the U.S. automaker races to raise cash, two sources familiar with the discussions said.
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Chrysler Canada is making good progress on its restructuring plans and will likely be in a position within the next couple weeks to draw on emergency loans from the governments of Canada and the province of Ontario, its president and CEO said on...
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