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Oct
21st

JAPAN: Nissan cuts US-bound production

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Nissan is cutting Japanese production of export models due to slow US demand. Read more ...
Oct
21st

INDIA: GM, Mercedes, watch market closely

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General Motors is likely to defer capacity expansion plans at its new Talegaon unit in Maharashtra amid the global liquidity meltdown while Mercedes expects the financial crunch to hit sales in India, local media reports said. Read more ...
Oct
21st

INDIA: Maruti Suzuki opens new engine plant

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Maruti Suzuki on Tuesday officially opened a plant producing its next-generation KB-series engine. The new powerplant will be used in both the redesigned Suzuki Alto and the Nissan Pixo variant Maruti will supply on an OEM basis. Read more ...
Oct
21st

Nissan to cut Japan, Europe output on soft demand

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Nissan said on Tuesday it would cut production in Japan, Britain and Spain in response to falling demand around the world as fears of a global economic slowdown prompt consumers to hold off on car purchases. Read more ...
Oct
21st

US: GM signs water pump deal for Volt

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General Motors has signed a contract that will see Buehler Motor provide customised auxiliary water pumps for the Chevrolet Volt Extended-Range Electric Vehicle and some GM hybrid vehicles. Read more ...
Oct
21st

UK: European automakers face 28% fall in earnings – analysts

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European auto and parts makers face a gloomy couple of years, according to a new report on the sector by Credit Suisse analysts. Read more ...
Oct
21st

FRANCE: Valeo volumes weather Q3 storm

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Valeo has reported a fall in its third quarter sales, despite stable volumes in the period, as the company took a hit on exchange rates and falling prices. Read more ...
Oct
21st

Valeo says crisis is hitting carmakers hard

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The executive chairman of one of Europe's leading car parts groups on Tuesday issued a sobering statement about the effect of the credit crisis on new car sales, and predicted a big drop in 2009 car production. Read more ...
Oct
21st

GERMANY: US market bottomed out?

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The US market may have bottomed out, according to a GM executive. Read more ...
Oct
21st

GERMANY: Audi cuts back in Hungary

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Audi's Hungarian unit will lay off 20% of its temporary workforce from November, in response to lower orders. Read more ...
Oct
21st

GERMANY: Ford targets sub-B growth

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Ford is aiming to sell 22,000 Ka cars in Germany next year, giving it a market share of around 20% in the sub-B segment. Read more ...
Oct
21st

GERMANY: BMW sits tight amidst financial crisis

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BMW is not making any major decisions based on the current financial crisis and slowdown in vehicle markets. Read more ...
Oct
21st

GERMANY: Cuts deepen at Ford and GM European plants

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More cuts in production at Ford and GM's European vehicle assembly plants have been announced. Read more ...
Oct
21st

Audi to cut 40 temporary jobs in Hungary

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German premium carmaker Audi's Hungarian unit plans to lay off 20 percent of its temporary workforce from November due to a decline in orders amid the global financial crisis, it said on Tuesday. Read more ...
Oct
21st

European carmakers expected to abandon targets

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Analysts expect European carmakers to abandon targets for this year and next as they struggle with falling demand and rising costs when they publish their quarterly numbers this week. Read more ...
Oct
21st

US: Honda ends Phill sale

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The sale of American Honda's FuelMaker Corporation, which makes the Phill natural gas home refueller to Clean Energy Fuels has been terminated, according to a Securities and Exchange Commission filing. Read more ...
Oct
21st

Dutch Mandel–Egad! It’s time to go digital:

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Get ready, people! The onslaught of political advertisements are about to be replaced by an onslaught of holiday ads, and there's absolutely nothing we can do about it other than roll with the punches. Read more ...
Oct
21st

Valeo posts sales decline, sees weaker market

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French car parts maker Valeo posted a 5.9 percent drop in third-quarter sales and said it expects the car market to deteriorate further in the fourth quarter. Read more ...
Oct
21st

Volkswagen launches new Bora in China

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Volkswagen said it has officially launched the new Bora sedan in China, produced by its joint venture with First Automotive Works. The new Bora is priced at 107,800-143,800 yuan. Read more ...
Oct
21st

Valeo sales drop, sees weaker market

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French car parts maker Valeo posted a 5.9 percent drop in third-quarter sales and said it expects the car market to deteriorate further in the fourth quarter. Read more ...
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