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Canadian union nears GM, Chrysler contract deals

The Canadian Auto Workers union expects to reach contract deals with General Motors and Chrysler by Thursday. It is pushing for the carmakers to commit to future product investment in their Canadian facilities

Weak dollar and demand hit Nissan profits

Japan’s third-biggest carmaker said ‘absolutely scary’ increases in the cost of steel and other raw materials, as well as the stronger yen and flagging US market, would result in a 30 per cent fall in profits in the coming year

Ghosn accepts Nissan’s longer road to growth

Carlos Ghosn seemed quick to pre-empt any criticism for having missed his promised targets on Nissan’s ambitious three-year plan by saying his Value-Up blueprint deserved ‘not a full score, but ... still a very good score’

Volvo warns on Paris bill payment move

France risks undermining its own industrial base if it pushes ahead with legislation that would force companies to pay suppliers more quickly, says Swedish truck maker

Business Life: Truck maker heeds firemen’s call

The fire vehicle manufacturer Oshkosh has kept on track by listening to its customers. And, because appliances it made half a century ago are still in use today, it has developed a loyal fan base

Renault and Nissan to launch low-cost car

Renault, Nissan and Bajaj Motors are to jointly build a $2,500 car to compete with Tata Motors’ Nano cut-price family model

Tesla’s electric dream faces short circuit

The launch of an environmentally friendly roadster has been marred by a cloud of litigation featuring accusations of intellectual property theft and unpaid bills

Hyundai suspends US pick-up production plan

The South Korean carmaker has suspended a plan to produce pick-up trucks in the US due to falling demand for gas-guzzling vehicles amid record high oil prices

GM offers support to end strike

General Motors will contribute up to $200m to help settle the work stoppage at American Axle, which has disrupted the US carmaker’s production and operations at other suppliers

Bosch prepares for acquisitions

Franz Fehrenbach, chief executive of Bosch, said the German group would spend far more than the €800m ($1.2bn) it spent last year on deals as it attempts to expand

German carmakers compete to share profits with staff

Toyota forecasts go into reverse

Ford head welcomes Kerkorian investment

Cerberus, CIC talk about working together

Carmakers turn to free petrol

Classic British marque driven to globalisation

Aston Martin chief attacks EU emissions law

Editorial comment: Stick around, Kirk

Toyota funds passenger jet

Fiat’s rating restored by S&P

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