AUTO

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Autoworkers say high Canada dollar hurting exports

Canada's largest public sector union said on Friday that the strong Canadian dollar is hurting manufacturers and called on the government to take action to help pull the currency closer to its historic range.

GM Jan-Sept China vehicle sales up

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General Motors Co GM.UL said on Friday that its China vehicle sales in the first nine months of this year jumped 55.6 percent from a year earlier, boosted by Beijing's stimulus policies and boding well for record sales for the full year.

Ford and UAW nearing agreement on contract changes

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Ford Motor Co (F.N) is getting close to a deal revising its contract with the United Auto Workers, according to a person briefed on six-week-old talks in which the automaker has aimed to gain concessions the union has already granted to GM and Chrysler.
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Tata Motors raises $750 million to pay down Jaguar debt

Tata Motors Ltd (TAMO.BO), India's largest commercial vehicle maker, said it raised $750 million by issuing global depositary receipts and convertible bonds to pay down debt taken on for its acquisition of the loss-making Jaguar and Land Rover brands last year.
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GM will look to sell ex-Delphi steering unit

General Motors Co GM.UL will look to sell the steering business it took back from former parts subsidiary Delphi under a deal that closed this week, the automaker said in a letter to its suppliers.
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Mercedes sticks to Magna, gives gullwing body order

Magna International Inc (MGa.TO) received a prestigious order from Daimler (DAIGn.DE), its fifth biggest customer, in a sign of faith that it would not pull business from the auto parts supplier despite the Canadian company's planned Opel deal.
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Volvo Cars denies report CEO to leave by year-end

Ford Motor Co's Volvo Cars denied a Swedish newspaper report on Thursday claiming that the unit's chief executive would leave the company by the end of the year, dismissing the article as pure speculation.
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BMW says 2009 vehicle sales may only fall 10-15 pct

BMW (BMWG.DE) posted its first year-on-year volume gain this year in September and forecast this would become a trend during the rest of 2009 thanks to new model launches and barring any unforeseeable shocks.
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U.S. panel to hear hybrid patent case vs Toyota

A U.S. trade panel that hears patent disputes said it would investigate allegations that Toyota Motor Corp, the world's largest automaker, infringed patented technology to make its popular hybrid vehicles.
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U.S. probes Toyota pickups on alleged frame corrosion

U.S. traffic safety authorities have launched an investigation into Toyota Motor Corp's (7203.T) 2000 and 2001 model year Tundra pickups following complaints alleging that severe frame corrosion caused brake system failures or spare tire separation.
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GM says on target with change, but risks remain

General Motors Co is on track to hit the financial restructuring targets set in its U.S. government-sponsored bankruptcy, but still faces risks as it tries to win back consumers in an uncertain U.S. economy, the automaker said on Wednesday.
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Vietnam Sept auto sales surge 104% yr/yr

Auto sales in Vietnam surged 104 percent in September from a year earlier to 11,071 units after a 31 percent increase in August, an industry report said on Wednesday.
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Renault, Mahindra venture faces hurdles

French car maker Renault (RENA.PA) is looking to replace its Indian partner Mahindra & Mahindra (MAHM.BO) in their struggling Logan joint venture, the Economic Times said on Wednesday, a report refuted by the French firm.
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Delphi exits bankruptcy after four years

U.S. auto parts maker Delphi ended four years in bankruptcy on Tuesday, emerging from Chapter 11 as a private company and removing a major uncertainty for former parent General Motors Co [GM.UL].
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BMW would add to Mini output in Germany

German Carmaker BMW (BMWG.DE) is considering building the next generation of its Mini brand at a domestic plant rather than adding to production at its factory in Cowley, Oxford, according to a report on Sunday.
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China a bright spot for German luxury carmakers

The booming Chinese auto market continues to be one of the few bright spots for German luxury carmakers, which have drawn few benefits from a flurry of subsidy programmes like the U.S. cash for clunkers scheme.
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Czech 9-mths car sales slide 14 pct

Czech car sales fell almost 14 percent year-on-year in the first nine months of the year, from a 12 percent fall in the first half, the country's Car Importers Association said on Tuesday.
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Mazda to raise $1.1 bln, narrows loss forecast

Japan's Mazda Motor Corp (7261.T) said it would raise up to $1.1 billion in a share sale and invest most of the funds to develop hybrid and other technologies in what analysts said was a long-overdue bid to close the gap with rivals.
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UK prepared to discuss support for Vauxhall-minister

British Business Secretary Peter Mandelson said on Monday he was prepared to discuss support for Vauxhall with parent Opel's new owners, Magna (MGa.TO), noting that representatives from the Canadian auto parts supplier were due in Britain this week.
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U.S.-led consortium wants to buy Volvo from Ford: report

A U.S.-led group has entered the race to buy Ford Motor Co's (F.N) Volvo cars unit, the Financial Times reported, in a challenge to China's Geely Automotive (0175.HK) which last month confirmed its interest in the loss-making Swedish carmaker.
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Ford Canada labor talks aim to cut $16/hr gap

Labor costs at Ford Motor Co (F.N) are about $16 an hour higher in Canada than in the United States, the Canadian Auto Workers confirmed on Friday, but union said it needs guarantees on production levels before it agrees to concessions to level the field.
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Old GM CEO sees liquidation plan next year

The chief executive of Motors Liquidation Co (MTLQQ.PK), the old shell of General Motors that remains in bankruptcy court, is hoping that the company will get court approval for a plan of liquidation by the middle of next year, he said on Thursday.
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German new car market swells 21 percent in Sept

Germany's new car market grew by 21 percent in September and orders fell a less-than-feared 12 percent even as a scrappage scheme for old autos ran out of money, the VDA vehicle manufacturers association said on Friday.
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Obama auto plan stopped global auto collapse: exec

The global auto industry would have collapsed if the U.S. government had not provided taxpayer-backed financing for automakers General Motors and Chrysler, according to the chief executive officer of Motors Liquidation Co (MTLQQ.PK).
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Mercedes-Benz Trucks, Kamaz set joint venture

Daimler AG (DAIGn.DE) moved on Thursday to boost its presence in the Russian market by signing a letter of intent to create a truck and bus joint venture with local partner Kamaz (KMAZ.MM).

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