The UK's Retail Motor Industry Federation (RMIF), representing about 8,000 retail motor industry businesses, has welcomed government incentives announced on Tuesday.
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Chrysler LLC's purchasing chief is demanding a new round of price cuts from suppliers as the automaker faces a Feb. 17 deadline to justify its federal bailout money. Scott Garberding has ordered price cuts from all suppliers effective April 1.
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Volkswagen's Brazilian truck unit - recently sold to MAN in a deal expected to close this first quarter - is extending paid compulsory holidays for 3,500 employees, according to a local newspaper because of continued decline in demand for its vehicles.
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The British government and carmakers are trying to find ways to allow car financing companies access to credit from the Bank of England. The move came as the two sides discussed the UK government's planned £2.3 billion ($3.
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Anand Mahindra, Mahindra & Mahindra's vice chairman, has said that his company is not interested in acquiring either GM's Hummer or Ford's Volvo Cars unit.
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Honda Motor has reported a year-on-year production decrease in Japan for the second consecutive year but said increased output in Asia meant production in regions outside Japan rose for the 12th consecutive year.
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Elena Ford, great-great-granddaughter of found Henry Ford, has been appointed as Ford's director of global marketing, sales and service operations, effective February 1.
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There is life after the SLR for Mercedes, and spy shooters have caught plastic-clad versions of the new SLC that's due for 2011.
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Honda and Suzuki were the only Japanese automakers with higher domestic sales in 2008. Overall, domestic sales fell 4.8 percent from 2007. Light-vehicle sales fell to 4,920,212 in 2008, dragged down by a 13.
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The UAW has agreed to let General Motors terminate its Jobs Bank, providing the automaker with the same bailout concession made to Chrysler LLC last week, GM confirmed today.
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Nissan Motor's global production in December fell 35.9% year-on-year to 176,174 units, the company said on Wednesday.
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The news that Toyota is expecting to post its first ever operating loss in the full year to March 31 is perhaps bad enough.
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Toyota group worldwide production fell 22.8% year on year to 552,584 units last month.
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Ford has appointed the great-great-granddaughter of founder Henry Ford as director, global marketing, sales and service operations. The new role is a part of changes to the company's global marketing organisation.
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Toyota Motor Thailand has called for the government to step up promotion of hybrid cars including tax incentives to encourage local production.
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UK supplier GKN announced a further 1,400 layoffs on Wednesday and said it plans more cuts in 2009.
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Spanish new-car sales could fall to 900,000 in 2009 from 1.16 million in 2008, car manufacturers' association ANFAC said on Wednesday.
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Nissan is to axe around 110 jobs and close four regional sales offices in the US as it seeks to remain competitive in the market. The actions include a restructuring of the Nissan North America (NNA) sales and marketing operations and the integration of Nissan Design America (NDA).
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Ford of Europe CEO John Fleming called for EU leaders to do more to help the crisis-hit auto industry.
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Mitsubishi Motors Corporation (MMC) global production last month fell 38.5% year on year to 72,916 units, the 10th consecutive monthly decrease since March.
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