Diesel engine supplier Navistar International will close its Indianapolis engine plant and foundry this summer as it prepares to end its contract with Ford Motor Co. The truck engine plant and the Indianapolis Casting Corp.
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The Cadillac XLR is nearing the end, and the 2009 model year will be its last lap.
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Italy's auto sector could lose 60,000 jobs unless the state comes to the rescue, Fiat's CEO has said.
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First Honda killed the NSX sports car. Now the S2000 roadster gets the ax.
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Volkswagen is on a mission to triple its U.S. sales to 800,000 units by the end of the decade. Hitting that goal will depend on expanding VW's U.S. lineup.
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Nissan Motor is to shut car assembly plants in Mexico for several weeks during the first quarter as demand falls in the recession-hit US.
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The United Kingdom's business secretary Lord Mandelson on Tuesday afternoon outlined a package of government support for the local vehicle industry worth up to a potential GBP2.3bn ($US3.17bn).
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UPDATE: Business Secretary Lord Mandelson has outlined his vision for UK's struggling car makers.
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American Tire Distributors has acquired Am-Pac Tire for an enterprise value of US$75m.
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General Motors is shortening the working week at its new plant in Russia. "We've shortened it to three days per week for the next few months," GM's spokesman in Russia, Sergei Lepnukhov, said.
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Ssangyong Motor will resume operations at its plants from next week following a production halt, according to reports in the Korean media.
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The UK announced on Tuesday it would guarantee up to £2.3 billion ($3.25 billion) of loans to the car industry to help it cope with a slump in demand due to the credit crunch. It will guarantee up to £1.
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UK Business Secretary Peter Mandelson was announcing Tuesday afternoon measures to help Britain's struggling car industry.
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The labour union at Toyota Motor plans to request an average of about JPY1.9m (GBP15,500; US$21,350) in annual bonuses per worker for the 2009 business year, down more than JPY500,000 from the previous business year, in the forthcoming wage negotiations with the management, union officials said on Tuesday.
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Spain's auto industry leaders will meet Wednesday to discuss the future of the Barcelona auto show. The event's future is in doubt after automakers including General Motors, Peugeot, Citroen and Nissan said they will not exhibit at this year's show.
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American Axle Manufacturing Holdings is at high risk of filing for bankruptcy in the next year as declining vehicle production further pressures earnings, a research firm has said.
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Fiat subsidiary Magneti Marelli has signed an agreement for a joint venture with SAIC for the production of hydraulic components for the automated manual transmission (AMT) made by Magneti Marelli.
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2009 will be the final model year for the S2000 roadster, Honda said on Tuesday.
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Honda Motor is to further cut fiscal year production in Japan and North America but boost output in China where demand is still growing.
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Even if a collaborative deal between Fiat and Chrysler is confirmed, the proposed arrival of donor small cars for Chrysler is still years away and will cost the troubled US firm billions of dollars in retooling costs, according to analysts at CSM Worldwide.
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