Shares of Dow component General Motors surged in pre-market trade on Wednesday as investors bet that a government bailout was increasingly likely. The stock advanced 14 percent to $3.33.
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Brazil's auto parts industry has already begun to slow production to match the compulsory holidays imposed on production staff by automakers to slow vehicle output in the face of slumping demand.
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China Automotive Systems said today that it had received an initial purchase order for power steering gears from a global automotive manufacturer headquartered in North America.
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Toyo Tire & Rubber has established Toyo Tyre Rus in Moscow, Russia, in a joint venture with Mitsubishi Corporation.
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Toyo Tyre & Rubber has postponed plans to build a new Asian plant and expand US output after vehicle sales slumped amid a global economic slowdown, company officials said.
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The Sao Paulo state government on Tuesday said it would extend a 4bn reais ($1.8bn) credit line to the local auto industry to help it cope with the financial crisis.
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As it did with the Arnage, Bentley will add a more potent T variant to the Azure range, with a debut at the Los Angeles auto show this month.
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Nissan plans have again prompted demonstrations in Spain over plans to axe 1,680 jobs in the country.
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The German government rejected Tuesday a plea from General Motors, the world's biggest carmaker, for targeted aid for German car factories.
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From fast cars to fast food - that's the fate of a prominent Irvine (a few clicks on I5 south of LA), California building now home to what's left of Ford's Premier Automotive Group (PAG) but soon to become the headquarters of huge restaurant chain owner Taco Bell.
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The Russian car market is suffering from a lack of consumer confidence as the global financial crisis spreads to auto loans, research company Nielsen said on Tuesday.
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Several hundred people protesting against Nissan's plans to lay off staff at its plant in Spain threw bottles, fireworks and fencing at the Japanese company's offices in Barcelona on Tuesday.
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How's Honda doing? Like other vehicle manufacturers, Honda is feeling pressure in its markets. But it does at least enjoy the support of a young line-up of small and relatively fuel-efficient cars. This company update is extracted from Automotive World's Automotive Quarterly Review and includes data of Honda sales by market and future product plans.
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As China struggles to choose the best powertrain for future vehicles, an influential minister has gone cold to clean diesel in favor of gasoline hybrids and electric drive trains.
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Vehicle sales in the Philippines fell by 9.8% year-on-year to 10,680 units in October, according to the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI), reflecting falling consumer and business sentiment as global economic conditions continued to deteriorate.
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India's Tata Group, buyer of steel firm Corus in 2007 and car brands Jaguar and Land Rover in 2008, has put acquisition plans on hold unless strategically critical, the Hindustan Times said citing an e-mail from Chairman Ratan Tata.
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Renault has halted plans to re-start production in China, says a source at the automaker. "Renault's project is frozen in China," he says.
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The price of a gallon of regular gasoline has fallen an average of $1.03 in the past month, and lower consumption is expected to keep prices down for the short term. According to AAA Fuel Gauge Report, the U.S.
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The price of a gallon of regular gasoline has fallen an average of $1.03 in the past month, and lower consumption is expected to keep prices down for the short term. According to AAA Fuel Gauge Report, the U.S.
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An auction today has named Carl Black Auto Group, of Georgia, and Ed Bozarth, owner of four dealerships in Kansas and Colorado, as buyers of two more Bill Heard Enterprises Inc. stores, turnaround consultant Fred Caruso 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
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