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Jan
20th

Dealers: Chrysler-Fiat alliance is good news

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For Chrysler LLC's dealers, there are more questions than answers about the newly announced alliance with Fiat S.p.A. Full story...
Jan
20th

GM to spend $30 mln on Volt battery plant

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General Motors will invest $30 million in its planned U.S. plant that will build next-generation batteries for its all-electric Chevrolet Volt, the head of GM's flagship Chevrolet brand said today. Full story...
Jan
20th

Toyota says global sales fell 4% in 2008

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Toyota Motor Corp. said sales across the group fell 4 percent to 8.97 million vehicles in 2008, dragged down by sharp declines in North America, Europe and Japan. The figure was in line with previous forecasts from the world's No. Full story...
Jan
20th

Ligocki: U.S. to get Mexican-built Chinese cars in five years

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Chinese-designed cars that are assembled in Mexico could be sold in the United States within five years, and Canada before then, industry veteran Kathleen Ligocki said today at the Automotive News World Congress. Full story...
Jan
20th

Obama cites new fuels for industry among challenges

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President Barack Obama renewed his pledge today to invest tens of billions of taxpayer dollars in advanced technology and alternative fuels for future cars and trucks. Full story...
Jan
20th

Nissan on alert as Indian computer supplier reels

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The Indian computer company that handles software and computer support for Nissan North America Inc. is in turmoil over allegations of large-scale accounting fraud. Nissan North America says the scandal at Satyam Computer Services Ltd. Full story...
Jan
20th

GERMANY: Volkswagen plans February short time work

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Volkswagen has scheduled a period of short-time working in some sections of its German plants for 'week 9' (23-27 February) in a move affecting about two-thirds of its 92,000 workers in Germany. Full story...
Jan
20th

Peper: Chevy will gain U.S. share in ’09

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Chevrolet will increase its market share in the United States this year, Ed Peper, vice president of Chevrolet said in a speech at 2009 Automotive News World Congress today. Full story...
Jan
20th

Peper: Chevy will gain U.S. retail share in ’09

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Chevrolet will increase its retail market share in the United States this year, Ed Peper, vice president of Chevrolet said in a speech at 2009 Automotive News World Congress today. Full story...
Jan
20th

FRANCE: Government readies EUR6m state aid

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French carmakers are to receive up to EUR6bn ($US7.7bn) of state aid to help survive the financial crisis, the country's prime minister said today (20 January). Full story...
Jan
20th

Ford to trumpet fuel economy in 2009

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Ford Motor Co. will trumpet fuel economy gains as it tries to win back customers in 2009. Full story...
Jan
20th

GERMANY: Daimler’s Chrysler stake still up for grabs

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Daimler still wants to sell its almost one fifth stake in Chrysler, a spokesman for the German company was quoted as saying on Tuesday, ahead of confirmation Fiat would join forces with the US automaker. Full story...
Jan
20th

Dura’s Leuliette says suppliers need federal aid

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Parts suppliers face a desperate cash shortage in February and need short-term federal aid, Dura Automotive Systems Inc. CEO Tim Leuliette said today on the sidelines of the Automotive News World Congress. U.S. Full story...
Jan
20th

JAPAN: Mitsubishi plans production and wage cuts

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Mitsubishi Motors on Tuesday said it would temporarily cut some operations at Japanese plants next month and also try to cut labour costs as vehicle demand falls. Full story...
Jan
20th

JAPAN: Founder’s grandson taking Toyota reins

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Toyota Motor on Tuesday named founding family member Akio Toyoda as its new president, replacing Katsuaki Watanabe. He was previously an executive vice-president. Full story...
Jan
20th

JAPAN: Toyota global sales dip first time in a decade

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Toyota Motor on Tuesday reported group global sales for calendar year 2008 down 4% year on year to 8,972,000 units, its first such dip in a decade. Full story...
Jan
20th

Leuliette: Use crisis to promote industry

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Dealers, suppliers and auto executives must use the crises at the Detroit 3 to communicate the industry's economic importance to the nation, Tim Leuliette, CEO of parts maker Dura Automotive Systems Inc., said today. Full story...
Jan
20th

Chrysler gives Fiat cheap entry to U.S.

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Analysts today said Fiat's plan to take a 35 percent stake in Chrysler looked mostly positive for Fiat because it is a cheap way for it to enter the U.S. market -- still huge despite falling sales, especially for gas-guzzling vehicles. Full story...
Jan
20th

FRANCE: One in five automotive companies at risk – EU

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One in five automotive companies is in danger of collapse, according to European Union vice president Günter Verheugen. Full story...
Jan
20th

GERMANY: Scrapping incentives seen boosting sales

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The recently announced scrapping incentive programme in Germany should boost new car sales by around 7% this year, according to automotive market research and consultancy company, Polk. Full story...
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