Supplier Robert Bosch has confirmed today (28 October) it halted production at its Reutlingen-Rommelsbach site this week as part of an on-going review of its production needs as the global economic crisis hits the auto industry.
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Cramming four seats into the three-metre-long iQ was a result of clever design, Toyota has said as it revealed first details of the car’s mechanicals.
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BFGoodrich Tire Manufacturing will lay off up to 40% of employees at its Opelika and Tuscaloosa plants in Alabama and Fort Wayne, Indiana, manufacturing plants, according to an agreement published on a union website.
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Renault has revealed prices for its all-new Laguna Coupé range. The entry-level 2.0 dCi 150 starts at £20,995, and comes with 18-inch alloys, eight airbags and dual-zone climate control as standard.
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Hyundai Mobis Co is to begin the production of parts for the hybrid version of Hyundai Motor Co.'s Avante, according to local reports.
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Honda Motor Co.'s operating profit in North America tumbled 80.6 percent in the July-September quarter, spurring the automaker to cut its full-year earnings outlook. Regional operating profit dropped to 22.5 billion yen ($208.
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A Chinese ban on the import of Hyundai Motor vehicles has been lifted.
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Carlos Ghosn, CEO of Nissan Motor Co. and Renault SA, said the global financial crisis may deter automakers from forming partnerships.
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Dongfeng Motor Corporation is looking to invest Y200m (US$29.18m) in a reconditioned auto parts facility, according to local press.
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Honda vehicle production worldwide increased 2.9% to 1,966,778 units as a 6.8% rise outside Japan to 1,360,844 units offset a 4.9% fall at 'home' to 605,394.
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SsangYong Motor Co is allowing some 350 of it workers to take paid leave, in an effort to cut costs.
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Honda Motor consolidated operating income fell 27.1% to JPY370.1bn in the first fiscal half year to 30 September as currency effects, rising raw material costs and increased expenses affected results.
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Honda cut its full-year earnings outlook after operating profits in Europe fell 50.5 percent on sliding sales in the July-September period. The carmaker's European operating profit dropped to 8.3 billion yen ($76.
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Reports from Japan earlier today that Honda UK Manufacturing (HUM) was slashing vehicle production by 10% in Britain due to faltering demand in Europe were based on an announcement made at the end of September, a plant spokeswoman told just-auto. But she added that Honda was now planning to take another 10,000 cars from the schedules as demand from the UK and Europe continues to shrink.
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General Motors and Cerberus Capital Management LP have asked the U.S.
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Ford has announced a GBP70m investment at its Bridgend engine plant in Wales to produce next generation, low CO2, 1.6-litre, four-cylinder petrol engines.
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Hyundai Motor has been cleared to buy its Italian distributor.
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Volkswagen's share price tripled on Monday as short sellers piled into the stock to sew up their speculative positions on news Porsche had bought up nearly all VW's remaining free float.
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Honda Motor, Japan's second-largest carmaker, said on Tuesday it would cut output of its Civic compact in the UK from December to meet falling demand in Europe.
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