TOKYO -- General Motors' business soured in the United States in 2008, but in Japan, it's been downhill for more than a decade. This year, GM is even pulling out of the Tokyo auto show.
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Johnson Controls on Friday reported a first quarter fiscal year loss of US$608m on sales of $7.3bn.
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The British magazine Car reports that Audi's top executives have approved plans for an entire range of environmentally friendly vehicles to be launched over the next six years.
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Last week I, quite deliberately, did not write my usual 'wrap' of the week's events. Who needs all the bad news recycled? This week, a reality check, as plant shutdowns got extended and more axes were taken to production schedules. Time to face facts, buckle up, and accept there's probably more - a lot more - to come.
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We know that the humor can get a little crude on late-night TV--just ask any fan of "Aqua Teen Hunger Force."
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PSA Peugeot Citroen will be extending forced holiday leave for 2,600 workers in Brazil for thirty days.
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Harry Stoffer, Automotive News
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Volkswagen plans to sell its Polo small car in the U.S.
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Fuji Heavy Industries, whose Subaru brand was one of just two brands that posted U.S. sales gains last year, is now the latest Japanese carmaker warning of full-year losses. Fuji Heavy CEO Ikuo Mori said today he now expects a 9 billion yen ($89.
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Magna is considering acquiring assets in Russia, according to business daily Vedomosti.
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As Ssangyong faces bankruptcy and idle factories, allegations that it's Chinese parent SAIC has systematically stolen technology from its Korean subsidiary have surfaced again.
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Apparently its too cold in much for the country for even hearty spy shooters, who have traded their cameras for pens.
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How bad are things getting? In an interview with BBC radio, European Union Industry Commissioner Guenter Verheugen decided not to sugar coat it.
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How bad are things getting? In an interview with BBC radio, European Union Industry Commissioner Guenter Verheugen decided not to sugar coat it.
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Renault's ambitious plans to develop and roll out electric vehicles worldwide are likely to be bankrolled by a EUR400m loan from the European Investment Bank (EIB).
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Honda Motor has extended the temporary shutdown of its UK car assembly plant in Swindon.
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Electric vehicles will replace subcompacts on a Japanese assembly line when Nissan Motor shifts production of its March (Micra) subcompact for Japanese and south east Asian markets from Oppama in Kanagawa Prefecture to Thailand in 2010 when the redesigned model is launched.
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Mercedes celebrates end of the road for SLR with special edition supercar
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Honda will halt production at its UK plant for a further two months because of a slump in new-car sales.
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Johnson Controls Inc. posted its first quarterly loss in 16 years, fueled in part by a 32 percent drop in sales at its automotive unit.
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