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Nov
13th

JAPAN: Daihatsu-built Subaru goes on sale

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One of the first models to come from increased cooperation between Toyota, its minicar specialist arm Daihatsu and Subaru maker Fuji Heavy Industries has been launched in Japan. Full story...
Nov
13th

Mexico’s new-vehicle sales plunge 14.3% in October

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Mexico's dealers sold 83,306 new vehicles in October, down 14.3 percent from October 2007 -- making it the worst month for domestic sales in a decade. Full story...
Nov
13th

GERMANY: Toyota bank wants help for auto lessors

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The head of Toyota's German finance unit has called for the government to extend its financial institution rescue package to include those that lease vehicles. Full story...
Nov
13th

Energy expert: Green cars can be profitable, with right innovation

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Green vehicles and technologies can be profitable if engineers use innovation to drive out weight and cost, says Michael Brylawski of the Rocky Mountain Institute. Full story...
Nov
13th

CHINA: Honda sees some growth next year

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China's car market is likely to grow 5% in 2009 despite the global economic slump, a local Honda official has said. Full story...
Nov
13th

US: Wall Street bank suspends GM rating

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Goldman Sachs on Thursday suspended its rating on General Motors, saying the automaker needs at least $22bn in US government aid to survive the credit crunch. Full story...
Nov
13th

GM picks first African-American female design leader

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General Motors has appointed Crystal Windham its first African-American female leader of design. Windham, 35, began her job Nov. 1 as director of North American passenger-car design. Full story...
Nov
13th

GM picks first African-American female design chief

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General Motors has appointed Crystal Windham its first African-American female director of design. Windham, 35, began her job Nov. 1 as director of North American passenger-car design. Full story...
Nov
13th

Goldman suspends GM rating, sees $22 billion bailout

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Goldman Sachs today suspended its rating on General Motors and said the automaker needs at least $22 billion in federal aid to survive a deepening industry downturn. Goldman Sachs forecast the No.1 U.S. automaker will end 2008 with $12. Full story...
Nov
13th

SOUTH AFRICA: Mercedes tops vehicle and plant quality survey

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Mercedes-Benz has ranked highest in initial quality among passenger vehicle nameplates in South Africa for the first time since the survey began there in 2004, according to JD Power and Associates, and its plant was also top-rated. Full story...
Nov
13th

UAE: World’s largest Mercedes shop planned

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Abu Dhbai is to become home for the world's largest Mercedes-Benz facility. Full story...
Nov
13th

Hungary ’08, ’09 new car sales seen sharply down

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Hungarian new car sales will drop sharply in both 2008 and 2009 as the global economic crisis pushes the country into a recession and bank credit dries up, the car importer's association MGE said on Thursday. Full story...
Nov
13th

Audi A5 Sportback spied – Audi A5 Sportback spied

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First pictures of Audi's stunning new five-door coupe. Full story...
Nov
13th

GM will not close factories in Europe

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General Motors will not close any factories in Europe "unless an asteroid hits the earth," its European boss says. Full story...
Nov
13th

UK: 90% of former Rover staff back in work

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Three years on from the collapse of MG Rover in April 2005, 90% of workers who lost their jobs have found new employment, but most have taken significant pay cuts, researchers found. Full story...
Nov
13th

US: Fisker inks final assembly deal with Valmet

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Fisker Automotive has signed its final assembly contract with Valmet Automotive to manufacture the Karma in Finland. Valmet Automotive will be the engineering and manufacturing supplier for Fisker Automotive. Full story...
Nov
13th

VW Up could be built in Spain or Portugal

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Volkswagen has abandoned plans to build its Up minicar in the Czech Republic. Spain or Portugal are now being considered as potential production locations for the key model, company insiders told Automotive News Europe. Full story...
Nov
13th

BELGIUM: Auto glass makers fined EUR1.4bn

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The European Commission has imposed fines totalling EUR1,383,896,000 on car glass manufacturers Asahi, UK-based Pilkington, Saint-Gobain and Soliver for illegal market sharing, and exchange of commercially sensitive information. Full story...
Nov
13th

CHINA: Higher costs hit power steering maker

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Power steering specialist China Automotive Systems boosted third quarter net sales 18.4% year on year to US$36.9m as sales of steering components for passenger and light-duty increased 22% to $24.6m. Net income rose 7.2% to $2.8m. Full story...
Nov
13th

SOUTH KOREA: GM-Daewoo shutting up to 45 days?

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Having confirmed earlier it was considering temporary plant closures, GM Daewoo Automotive and Technology is now reported to be planning to halt production for up to 45 days after a sharp drop in exports. Full story...
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