France's plan to aid its carmakers could trigger shouts of "protectionism" from European partners.
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PSA/Peugeot-Citroen will keep the launch schedule for its new Russian plant despite its partner Mitsubishi announcing that it will delay building cars there. The factory will start production during the first half of 2010, a PSA spokesman said.
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Hyundai will unveil a concept for a new medium SUV at the Geneva auto show next month. Codenamed HED-6, the concept will preview Hyundai's IX-35 model, which will launch at the end of the year.
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Ford has launched its first new European-designed model in the US since the original late-1990s Focus, saying the "industry exclusive" Turkish-built Transit Connect small van "fills an unmet US commercial business need".
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Slovakia's car sector expects production to fall by a quarter this year as the global economic crisis reduces demand in its main Western European markets.
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Ford plans to offer a battery electric-powered version of its Turkish-built Transit Connect small van through some US dealers next year, the automaker said as it announced conventional two-litre petrol powered models with four-speed automatic transmission ahead of their public launch at the Chicago motor show.
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Consumers in Italy could get up to 5,000 euros from the government if they buy a green car.
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Nissan Motor has posted a third fiscal quarter consolidated net loss after tax of JPY83.2bn (US$0.81bn, EUR0.55bn), compared to net income of JPY132.2bn ($1.28bn, EUR0.87bn) in the same period a year ago.
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Electric sportscar maker Tesla Motors is reported to be in "late-stage" negotiations for an undisclosed site to build its Model S sedan and an announcement is expected soon.
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Electric sportscar maker Tesla Motors is reported to be in "late-stage" negotiations for an undisclosed site to build its Model S sedan and an announcement is expected soon.
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French President Nicolas Sarkozy has threatened the ratification of the Lisbon treaty by his statement about the production of French brand cars in the Czech Republic, Czech Prime Minister Mirek Topolanek has said.
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General Motors Corp is in talks to take back large portions of Delphi Corp, the parts supplier spun off by the auto maker a decade ago, the Wall Street Journal said, citing people involved in the negotiations.
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General Motors is in talks to take back large portions of Delphi Corp., the parts supplier spun off by the automaker a decade ago, a source with direct knowledge of the talks said today.
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Nissan Motor has announced a major restructure - described as "recovery actions designed to enhance the company's performance during the current global economic and financial crisis" - that will see 20,000 jobs axed in the next year and labour costs in high-cost countries reduced by 20%.
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The head of Jaguar Land Rover has called for quicker government support to give automakers credit during the economic crisis. JLR CEO David Smith said the UK industry needs help similar to what has been granted in other European countries and the US.
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France will unveil details of a plan to support its ailing car industry on Monday, a presidency official said, ahead of expected weak 2008 results from Renault and PSA/Peugeot-Citroen.
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Nissan Motor will cut production by 20 percent and reduce its global headcount by 20,000 by the end of March, the carmaker said Monday. Nissan CEO Carlos Ghosn said the company has no plans to close any factories.
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Reversing his profit forecast to a loss, Nissan Motor Co. CEO Carlos Ghosn entered crisis mode today. Ghosn announced plans to slash 20,000 jobs, cut production by 20 percent, scale back new model launches and delay new factories.
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Reversing his profit forecast to a loss, Nissan Motor Co. CEO Carlos Ghosn entered crisis mode today. Ghosn announced plans to slash 20,000 jobs, cut production by 20 percent, scale back new model launches and delay new factories.
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The demise of the Freestar (more commonly remembered as the Windstar) minivan left Ford without a small cargo carrier it could pitch to business and fleet customers who didn't need the hugeness of the E-series van.
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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