Cash-strapped GM has asked a real estate firm for help in raising up to US$257m from the sale and leaseback of some of its European offices and other property assets, the Financial Times has reported.
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Audi could delay a decision on whether to build cars in the United States, where demand has dropped sharply, its CEO has said.
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Daimler has said that it wants to talk to unions about potentially reducing working hours at four German Mercedes-Benz assembly plants.
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German holding company Arques Industries AG has agreed the purchase of Auto Windscreens.
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Now that the new, bigger Mini is on the market, the BMW division will reveal the similarly bigger Mini convertible at the North American International Auto Show in Detroit in January.
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Mini has released photos of its new Convertible.
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Suzuki plans to lay off around 1,200 of its 5,523 workers at its Hungarian unit on a sharp drop in orders, the company said on Friday. Japan's Suzuki, one of Hungary's biggest exporters, lowered its 2008 production forecast.
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Suzuki plans to lay off 1,179 of the 5,523 workers at its Hungarian unit, national news agency MTI said on Friday, citing a company document.
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Swedish industrial group AB Volvo (owner of Volvo Trucks) is prepared to offer financial assistance to its former car unit Volvo Cars if necessary, but is not interested in buying it back, the company's chairman told a Swedish business newspaper.
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GM Europe's head Carl-Peter Forster has told his staff that GM's European operations must aggressively cut costs further in order to survive.
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The European Commission has given Germany a legal final warning that if it does not liberalise its Volkswagen liberalisation law it will probably ask the European Court of Justice (ECJ) to impose massive daily recurring fines of Euro 1,000s.
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GM Uzbekistan, a JV between GM and Uzavtoprom, has begun series production of the Chevrolet Lacetti.
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Hyundai Mobis has announced that it has developed a new brake system, to be manufactured in China, that will produce significant cost savings for Hyundai Motor.
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Renault has announced that it will suspend production for two weeks in December at its Moscow-based Avtoframos plant.
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Hyundai Kia has announced that it has formed a partnership with the local chipmaker C&S Technology to develop non-memory chips for in-car infotainment features such as audio and navigation systems and television reception systems.
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Porsche will open its new Porsche Museum on Saturday 31 January 2009.
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French automaker Renault will stop the assembly line at its Moscow plant for two weeks in December as demand weakens due to the financial crisis, a company spokesman said on Friday. "It was the only reasonable decision.
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Fiat has submitted three plans involving proposed tieups with three local automakers to the National Development and Reform Commission (NDRC), the central government's planning agency, the Beijing Times reported.
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Germany's upper house of parliament approved a revised law governing Volkswagen on Friday even though it fails to address a key European Commission objection that shields the carmaker from takeover.
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