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Dec
17th

JAPAN: Toyota to increase use of eco plastics

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Toyota has announced plans to use more plant-derived, carbon-neutral plastics in its vehicle components from next year. Full story...
Dec
17th

JAPAN: Honda slashes profit predictions

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Honda has said its fiscal year operating income will fall 81.1% year on year and has cut a further 54,000 units of Japanese auto production. It is also delaying the launch of some diesel models in the US and Japan. Full story...
Dec
17th

THAILAND: Thai vehicle sales drop 20% in November

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Thai vehicle sales plunged by almost 20% in November to 46,068 units - from 57,410 units a year earlier, according to data released by distributor Tri Petch Isuzu Sales Co Ltd. Compared with the previous month volumes were 5.9% lower, as domestic confidence was hit by the country's growing political instability and the worsening global economic outlook. Full story...
Dec
17th

US: Automaker bankruptcy seen

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A senior US government official said an auto industry bailout was being put together as quickly and carefully as possible while a new ratings report showed bankruptcy was the most likely way the industry would be restructured. Full story...
Dec
17th

GM and SAIC open new China car manufacturing plant

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General Motors and its China partner SAIC Motor opened a new car manufacturing plant in northeast China on Wednesday with an annual production capacity of 150,000 units. Full story...
Dec
17th

Honda issues 3rd profit warning

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Honda lowered on Wednesday its annual operating profit forecast by 67 percent, its third profit warning this year, as a deepening financial crisis hammers global car demand and sends the yen soaring. Full story...
Dec
17th

DETROIT PREVIEW: Volvo concept heralds S60 redesign

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Volvo is to unveil its S60 Concept at the Detroit motor show early next month, saying it's "an indication" of what the redesigned model will look like when launched in 2010. Full story...
Dec
17th

Subaru to debut Legacy concept at Detroit show:

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Subaru will show a Legacy concept at next month’s Detroit auto show to help celebrate 20 years of the car's production. The concept also offers a glimpse of what the next-generation Legacy will look like when it arrives for the 2010 model year. Full story...
Dec
17th

Ford CEO expects lots of interest in Volvo

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Ford Motor is considering strategic options for its Swedish luxury Volvo brand "right now" and expects lots of interest in the brand, CEO Alan Mulally said on Tuesday. Full story...
Dec
17th

Ford’s electric van will have European roots

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Ford Motor Co.'s new electric van, announced as part of a turnaround plan submitted to Congress this month, will come from the European-developed Transit line, CEO Alan Mulally said. Full story...
Dec
17th

Auto rescue will be quick, ‘prudent,’ Paulson says

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A government bailout for U.S. Full story...
Dec
17th

F1: Vodafone pulls sports sponsorships

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The telecommunications giant Vodafone, also title sponsor to the top formula one team McLaren, has pulled its long-standing backing of the England cricket team. Full story...
Dec
17th

Formula 1 to return to North America, says Ron Dennis

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Formula 1 has not turned its back on North America despite the demise of the races at Indianapolis and Montreal, McLaren boss Ron Dennis insists. Full story...
Dec
17th

F1: Indian carmaker to sponsor Ferrari

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Despite the global financial crisis, the Scuderia Ferrari has inked a new sponsorship deal with a car manufacturer. Full story...
Dec
17th

F1: David Richards turning focus to Formula 1 bid

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In a twist of fate, Subaru's withdrawal from the world rally championship could pave the way for David Richards' Prodrive to enter formula one. Full story...
Dec
17th

F1: Teams invited to field third cars

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To boost the 2009 Grand Prix grid from its current 18 cars, Formula 1 teams may be invited to field third cars. Full story...
Dec
17th

F1: Alain Prost says France is ‘anti-cars’

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Alain Prost, a four-time Formula 1 world champion with McLaren and Williams, has attributed the loss of the French grand prix to the country's attitude towards cars. Full story...
Dec
17th

F1: Red Bull cars again unbeatable in Jerez

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The Renault-powered Red Bulls of Sebastian Vettel and Sébastien Buemi set the fastest laps of the 3rd and final day of Formula 1 testing at Jerez, Spain. Full story...
Dec
17th

AMA: Honda pulls out of program

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Following recent development regarding their Formula 1 program, American Honda announced today that it will withdraw Team Honda from participation in the 2009 AMA Roadracing Series. Full story...
Dec
17th

6.7 L/100 Km with a Porsche 911 Carrera

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It's not Porsche's first record, but this time a 911 Carrera has distinguished itself in a whole new arena. Following the inspection of the German DEKRA Car Inspection Authority and the sealing of the fuel tank and engine compartment, the car travelled 648 kilometres while maintaining an average fuel consumption rating of 6.7 litres per 100 km. Full story...
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