UK suppliers have demanded that any government aid for the industry should contain guarantees about local sourcing.
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Detroit finally got a break at the end of a depressing week when president Bush - no doubt mindful of not leaving an automaker meltdown as part of his legacy - finally announced the administration would provide US$13.4bn in short-term loans to GM and Chrysler.
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First, let's see if we can scrape up any good news reported this week.
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Turkey's ailing economy and crucial export sector was dealt a fresh blow on Thursday as automakers suspended output in the face of slumping global demand.
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Profits at Canadian autoparts makers are seen declining to their lowest level in almost a decade of data collection.
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Foreign carmakers who have invested billions in local assembly plants in Russia will be eligible for state industry support measures, Interfax quoted Prime Minister Vladimir Putin as saying on Friday.
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Zolfo Cooper, administrators to UK-based parts firm Wagon that entered receivership last week, has announced redundancies as part of a wind-down of the Brownhills manufacturing facility.
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Following news that the British government may be prepared to bail-out Jaguar and Land Rover, another of the UK's luxury carmakers says help is needed right across the car industry.
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Toyota has denied a report in the Japanese business newspaper Nikkei that the automaker has halted planned investments in Brazil. The paper had also said projects in China, India and Japan would be put on hold.
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Honda has threatened to move more production and research and development, and perhaps even its headquarters, offshore unless the Japanese government takes steps to reduce the value of the yen against the US dollar.
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An appeals court in the eastern French city of Colmar on Thursday confirmed a 200,000-euro ($292,000) fine imposed on Volvo for the deaths of two children in a 1999 accident.
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The White House has raised the b-word for the first time as a possible way to save financially-troubled General Motors and Chrysler.
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U.S. Treasury Secretary Henry Paulson on Thursday offered mixed signals on the chances of a bailout for troubled automakers, saying failure is not an option but adding that any bankruptcy should be "orderly."
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As an indication of just how bad things are getting, Japanese media today said Toyota Motor was expected next week to report its first annual parent-only operating loss in decades.
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British car dealer Lookers issued a profit warning on Friday and scrapped its final dividend, blaming increasingly tough trading conditions in both new and used car markets.
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At a meeting with top managers in Dresden yesterday, Volkswagen chief executive Martin Winterkorn warned of hard times ahead.
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German automotive research company, the Institut für Automobilwirtschaft (IFA), is forecasting a 5% downturn in global vehicle markets in 2009 to 50.4m vehicles.
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General Motors and Chrysler LLC could get the first installment of $17.4 billion in federal emergency loans as soon as Dec. 29, the Bush administration says.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up