According to a British newspaper report, the potential sale of Brackley based Honda F1 team could be the subject of a government investigation.
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The McLaren Mercedes Formula 1 team today launched the car it will campaign in the 2009 FIA Formula 1 World Championship at its headquarters in Woking, England.
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General Motors is in discussions to resolve financial troubles at bankrupt former parts unit Delphi Corp. as part of its own restructuring plan, the automaker said on today.
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General Motors purchasing chief Bo Andersson told hundreds of suppliers today that the automaker will not lengthen the time it takes to pay them.
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Chrysler LLC will extend shutdowns at five factories one week beyond the scheduled reopening date of Monday, Jan. 19. Assembly plants in Belvidere, Ill.; Sterling Heights, Mich.; and Toluca, Mexico, will reopen Jan. 26, the company said today.
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The Senate voted today to release a second round of $350 billion in federal aid to rescue financial institutions. The money could be the source of additional loans to automakers, auto finance companies and perhaps suppliers.
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General Motors, surviving a collapse in its home market with the help of U.S. loans, said sales in Latin America, Africa and the Middle East reached record highs for the fifth straight year in 2008. GM sold 1.3 million vehicles in the region, up 3.
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U.S. auto suppliers starving from carmaker production cuts expect this month to request the same type of federal aid being used to help General Motors and Chrysler LLC., a top supplier association executive said today.
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Continental Automotive Systems plans to cut about 10 percent of its North American work force over the next few months. Continental employs about 16,000 people in North America, so about 1,600 jobs will be cut.
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General Motors lowered its forecast for U.S. and global sales this year, saying the lowered assumptions will push it to make tougher operational decisions. The new estimate for U.S. sales is 10.5 million, GM said in a statement today.
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German go-fast tuner Brabus has revealed an updated Mercedes-Benz M-class tuning kit, including a wide body, custom wheels and suspension and engine modifications across the line.
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Hyundai Motor has cut its worldwide production target for the first quarter of 2009 by 17% year on year and switched its US plant to a three-day week.
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Sales of used cars in Japan fell by 6%, the eighth consecutive year of declines, figures in the local press showed today.
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Nissan Motor is to continue production cuts at US assembly plants indefinitely, Japanese officials said.
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Actor Ricardo Montalban, known as the pitchman for the Chrysler Cordoba and its "soft Corinthian leather,'' died Wednesday at the age of 88.
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Hyundai Motor affiliate Kia Motors delivered welcome good news to the industry today, reporting growth in its full year 2008 global sales, driven in particular by China, which offset declines in some western markets.
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Kia's assembly plant in Zilina, Slovakia, has begun full production of six new petrol-powered Ceed ISG (idle stop & go) models claimed to deliver up to a 15% fuel economy improvement in city driving.
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Ford Motor Co. has filed a federal lawsuit against embattled car dealer Denny Hecker, alleging Hecker's now-closed Ford-Lincoln-Mercury store in Stillwater, Minn., owes the car company more than $3.1 million. The Ford lawsuit, filed Monday, Jan.
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Ford increased its European market share in 2008 by 0.1% to 8.6% despite falls in traditional markets such as the UK, the company said today.
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Designer Camilo Pardo, credited with drawing the Ford GT supercar, is leaving the automaker after a 24-year career with the company. Pardo, 45, confirmed to AutoWeek that he is leaving Ford, but he declined to give details.
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