| Automotive supplier cuts jobs, impacts Tenn. plants |
Feb 5th, 2009 |
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An automotive supplier, headquartered in Michigan, is cutting its workforce. That cut will impact two plants in East Tennessee. JTEKT builds steering and driveline parts for cars. It has an operation...
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| Rising unemployment hits 98 percent of metro areas |
Feb 5th, 2009 |
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All Associated Press news WASHINGTON (AP) - Metropolitan areas across the Southeast and Midwest are seeing some of the steepest increases in joblessness, stung by their dependence on factories serving...
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| China auto export slowdown in 2008 amid falling demand |
Feb 5th, 2009 |
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China's export of autos, including auto parts and components, increased 21.6 percent to 49.73 billion U.S. dollars in 2008, but down 23.71 percentage points compared with the previous year, China Asso...
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| NZ month-on-month car sales down 30% |
Feb 5th, 2009 |
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Used import cars were down 14 percent from December, and 42 percent from January last year while the total new car sales figure for the month was only 5425 units.
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| Germans get cash bonus to crush old cars |
Feb 5th, 2009 |
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Crush your wreck, get a cheque. The German government is paying people who junk old cars a bonus of 2,500 euros ($A5,000) toward a new, environmentally cleaner vehicle, as part of a 50 billion euros ...
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| U.S. Auto Sales Hit 27-Year Low |
Feb 5th, 2009 |
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Asian automakers reported big drops as well. Record low consumer confidence, stingy lenders, and a deep decline in demand among fleet buyers such as rental car companies have kept auto sales in t...
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| Automakers face sharp curb on executive pay under Obama rule |
Feb 5th, 2009 |
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WASHINGTON -- Automakers seeking help from the U.S. government will have to abide by a $500,000 cap on pay for top executives and other tough rules, the U.S. Treasury said today.
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| US auto market faces worst month since 1982 |
Feb 5th, 2009 |
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Southfield, Los Angeles: General Motors Corp and Ford Motor Co said US sales plummeted at least 40 per cent in January and Toyota Motor Corp dived by almost a third, dragging the world's biggest auto ...
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| China beats US as biggest auto mart |
Feb 5th, 2009 |
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SHANGHAI: Two years ago, China zoomed past Japan to become the world’s No 2 vehicle market. Now it looks poised to pass up the United States to be the biggest. While car sales in China have sl...
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| Senate adds tax cut for new car buyers to stimulus |
Feb 5th, 2009 |
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All Associated Press news WASHINGTON (AP) - Maybe a tax break cutting the cost of a new car by $1,500 or more will lure customers into showrooms.The Senate hopes so, adding the plan to a $900 billion ...
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