| Ford cuts 850 jobs as new car sales fall by 30% |
Feb 5th, 2009 |
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MOTORING giant Ford is to axe up to 850 jobs in the UK on the day it was announced that new car sales had slumped by more than 30% last month compared with January 2008.
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| Japanese automakers seeing red |
Feb 5th, 2009 |
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By Kimiko de Freytas-Tamura Japanese automakers Mitsubishi, Mazda and Subaru will post losses for the year to March as a deepening global slump devastates the industry. Faced with the credit crunch...
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| Toyota shuts down all but one assembly line |
Feb 5th, 2009 |
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TOYOTA CITY, Japan (CNN) -- On what was to be a historic day halting all of Toyota's Japanese assembly lines, the automaker announced late Thursday that it kept one line running.The late news sent cop...
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| General Motors,China FAW In Talks To Form Partnership |
Feb 5th, 2009 |
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The two automakers plan to set up a light commercial vehicle joint venture, said an FAW official who declined to be named. Further details will be released in the next few days, the official said. "G...
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| General Motors seeks Thai government funds |
Feb 5th, 2009 |
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General Motors Inc., barely staying afloat with the aid of a U.S. bailout, is now seeking funds from Thailand's government and banks to keep its auto business running in the Southeast Asian nation.The...
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| BMW Targets 20,000 Car Sales In Russia 2009 |
Feb 5th, 2009 |
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. More than two thirds of the vehicles sold are in the upper class and luxury segments; while sales of models in the compact and middle class continue to grow. In 2008 growth in this segment was dri...
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| Mitsubishi Heavy net income falls 49% to $310 million |
Feb 5th, 2009 |
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) reported Thursday net income for the fiscal third-quarter totaled 27.8 billion yen ($309.7 million), down 49% from 54.1 billion yen a year earlier. Net sales for the quarter were 2.38 trillion yen...
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| India Government To Buy More Buses To Boost Auto Industry - Min |
Feb 5th, 2009 |
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-(Dow Jones)- India's federal government will allocate funds to provinces to buy buses for urban transport as part of its effort to boost the auto industry, Home Minister P. Chidambaram said Thursda...
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| Ford to cut 850 UK jobs, wants pay review |
Feb 5th, 2009 |
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All Associated Press news LONDON (AP) - Ford Motor Co. said Thursday it intends to cut as many as 850 jobs in Britain and that it wants to review this year's pay deal with workers.The layoffs represen...
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| Euro slightly higher against dollar |
Feb 5th, 2009 |
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All Associated Press news FRANKFURT (AP) - The euro was a little higher against the dollar on Thursday, while the British pound fell as markets awaited interest rate decisions in Europe.The 16-nation ...
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