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ITALY: Fiat names new group treasurer

2010-03-16 18:25:00| Daily automotive news and comment - from just-auto.com

Fiat SpA has appointed Camillo Rossotto group treasurer in the latest management shake-up under CEO Sergio Marchionne.

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JAPAN: Honda accepts union bonus demands

2010-03-16 18:21:00| Daily automotive news and comment - from just-auto.com

Honda has said it will accept in full its labour union's bonus demands as part of annual wage negotiations.

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GERMANY: VW mulls buying most of Karmann

2010-03-16 18:17:00| Daily automotive news and comment - from just-auto.com

Volkswagen AG is considering taking over insolvent supplier Karmann almost completely, sources close to the company told Financial Times Deutschland.

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JAPAN: New hybrid Honda draws 8,000 orders

2010-03-16 18:12:00| Daily automotive news and comment - from just-auto.com

Honda Motor on Tuesday said it had taken about 8,000 orders for the CR-Z hybrid sports coupe in Japan less than three weeks after its domestic market launch.

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ITALY: Tyre market picking up - Pirelli chief

2010-03-16 17:56:00| Daily automotive news and comment - from just-auto.com

The tyre market is seeing double digit growth in the first quarter compared, with its weak performance a year before, the chief executive of Pirelli's tyre unit told a newspaper.

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US: Revised Visteon plan better for creditors

2010-03-16 17:43:00| Daily automotive news and comment - from just-auto.com

Visteon Corporation has filed an amended plan of reorganisation and disclosure statement with the US Bankruptcy Court.

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RUSSIA: Vehicle output rebounds sharply in first two months

2010-03-16 17:19:00| Daily automotive news and comment - from just-auto.com

Russia's auto output rose 58% year-on-year to 114,680 units in the first two months according to ASM Holding.

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TURKEY: Export news boosts Tofas shares again

2010-03-16 16:53:00| Daily automotive news and comment - from just-auto.com

Shares in Turkish automaker Tofas rose as much as 4.76% at one point on Tuesday after newspapers quoted its chief executive as saying it had targeted 20,000 vehicle exports to Russia this year.

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RUSSIA: Partsmaker eyes big 2010 revenue boost

2010-03-16 16:45:00| Daily automotive news and comment - from just-auto.com

Vladimir-based Russian auto partsmaker Avtopribor plans to more than double its revenue to RUB2.5bn (US$85m)in 2010 from RUB1bn rubles in 2009, Vladimir Piskunov, the company's director for economy and finances, told Prime-Tass on Tuesday.

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UK: Renault Daimler tie-up talks attract mixed reactions

2010-03-16 15:44:00| Daily automotive news and comment - from just-auto.com

As media speculation over the nature and extent of a possible tie-up between Renault and Daimler mounts, analysts in the investor community have voiced mixed reactions to the reports.

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