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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General Motors has asked real estate agent Jones Lang LaSalle for help in raising up to $257 million from the sale and leaseback of some of its European offices and other property assets, the Financial Times said.
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Spain will provide its car industry with 800 million euros ($1 billion) in funding to protect jobs during a severe slowdown in the sector, Prime Minister Jose Luis Rodriguez Zapatero said on Thursday.
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General Motors has asked real estate agent Jones Lang LaSalle for help in raising up to $257 million from the sale and leaseback of some of its European offices and other property assets, the Financial Times said.
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Could this be the sneakiest convertible on the road? Except for some minor visual cues, Volvo's C70 could pass effortlessly as a big coupe. It's as sleek as Volvo's blocky styling will allow, and the roof integrates so cleanly with the rest of the body that it appears fixed in place. C70 gives owners two cars in one: an open-air four-seater for when it's nice out, and a roomy coupe for when it isn't.
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One could imagine the eerie silence yesterday at Ford's Michigan Truck Plant in Wayne, when production ended at 1:30 pm and the last vehicle rolled from the assembly line.
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The Palais des Congrès will host the 41st edition of the Montreal International Auto Show. Held from January 16 to 25, 2009, this is another show you won't want to miss! The new Innovation-Evolution attraction will feature vehicles that have managed to stand out through their uniqueness or rarity, as well as some that will surely leave a lasting impression on the drivers of tomorrow.
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On the initiative of Peugeot Sport, Citroën Sport and Total, which is a partner of both teams, Sébastien Loeb and Stéphane Sarrazin were given a chance to sample each other's cars, namely the Citroën C4 WRC and the Peugeot 908 HDi FAP.
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It could not have been a more realistic scenario then to see the 2008 MotoGP champion Valentino Rossi moved to the top of the times on the second and final day of testing at Jerez. In doing so, he even managed to beat the time set by Dani Pedrosa yesterday.
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Former Grand Prix racer, Austrian Gerhard Berger has refused to rule out returning to the formula one paddock with another official role at some point in the future.
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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
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