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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German supplier Continental had its rating lowered to junk status by Standard and Poor's credit rating company. Analysts at SandP called Continental's liquidity weak, mainly due to "substantial" refinancing needs in the medium term.
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Mazda global vehicle production plunged 41.3% year on year to 68,111 units in December.
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Volkswagen's Portuguese plant, Autoeuropa, is to halt some production lines temporarily in the first quarter to meet falling demand but will maintain investment plans through 2010.
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Ukraine's large carmaker, Bogdan, said on Tuesday it had sold a 5 percent stake of the company to a British investment company, NLV Private Equity and Investment. Bogdan increased production of cars to 88,316 units in 2008 from 54,068 a year earlier.
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General Motors Europe (GME) has not yet confirmed the Ampera for sale here in the UK but it would be branded a Vauxhall if launched, a spokesman said on Wednesday.
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Toyota Motor is recalling over 1.35m cars worldwide largely because of problems with seatbelts although some are being called back because for exhaust faults.
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Sales of new family cars in Spain could significant fall significantly this year, the leading automakers association has said.
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General Motors is considering the possibility of moving production of a new Buick to its German unit Opel, a local paper has reported.
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Electric car maker Tesla has sparked anger by asking buyers of the Roadster to pay for kit that previously came as standard.
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