Automotive Industry News
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SKorean auto maker union calls for strike
The union of South Korea's ailing Ssangyong Motor on Monday called for its members to go on strike, in protest over potentially massive layoffs by its Chinese owner.

Chrysler
US Treasury finalizes 4-billion-dollar loan to Chrysler
The US Treasury said it has finalized a 4-billion-dollar loan to troubled cash-strapped carmaker Chrysler.

Auto Market
Spanish car sales plunge record 28 percent in 2008
Sales of new cars in Spain plunged a record 28 percent in 2008 as the country's economy suffered an abrupt downturn and demand plunged, official automaker figures showed on Friday.

General Motors
US Treasury finalizes 4-billion-dollar loan for GM
The US Treasury said it had finalized a 4-billion-dollar emergency loan for troubled General Motors, the biggest US automaker.

General Motors
GM, GMAC seek to jump-start car loans after bailout
Auto finance giant GMAC and its former parent General Motors unveiled plans Tuesday to expand lending to jump-start the sputtering auto sector a day after a six-billion-dollar US government rescue.

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Canada unveils $3.3bln rescue plan for auto sector
Canadian Prime Minister Stephen Harper on Saturday announced a 3.3-billion-dollar rescue package for US automakers based in Ontario.

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Bush defends plan to rescue US automakers
President George W. Bush on Saturday defended his decision to give financial aid to struggling US automakers, arguing that their uncontrolled bankruptcy could plunge the United States into a deeper recession.

Jaguar
Jaguar Land Rover bailout may be imminent
The government could arrange loans to help luxury carmaker Jaguar Land Rover within days, the Financial Times said on Saturday, as a top Labour peer said he was confident of a deal "fairly soon."

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Carmakers eye reforms after $13.4bln lifeline
US automakers mulled painful reforms on Saturday after President George W. Bush unveiled a 13.4 billion dollar rescue loan for the struggling industry, but demanded tough reforms in return in a move aimed at staving off a new economic calamity.

General Motors
GM 'highly confident' it can meet government bailout terms
General Motors is "highly confident" it can meet the financial viability test set forth in a government bailout package, the automaker's chief executive officer said Friday.


Latest Pictures


2010 /Nissan 370Z S-Tune
2010_Nissan_370Z_S-Tune_002_autotalk_com_.jpg

by: AutoXpert

Description: 2010 /Nissan 370Z S-Tune
2010 /Nissan 370Z S-Tune
2010_Nissan_370Z_S-Tune_001_autotalk_com_.jpg

by: AutoXpert

Description: 2010 /Nissan 370Z S-Tune

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