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AUTOMAKERS' NEWS
* Brazil minister to travel to Mexico for auto talks
(Photo: The Economist - A dispute over trade in cars exposes contrasting attitudes to globalisation in Latin America’s biggest economies)
- Mexico and Brazil are reported to have settled a month-long disagreement concerning automotive sector trade, with Mexico agreeing to cut future car exports in return for extending a decade-old trade agreement ... Brazil sent a letter to the Mexican government Thursday proposing Mexico limit Mexican car exports to Brazil to $1.4 billion annually...* Slovenia - Renault cutting 330 jobs in subsidiary
- French automaker Renault's Slovenian unit Revoz said Thursday it would cut 330 jobs by the end of April owing to a drop in European demand for the small city cars produced at the Novo Mesto plant... Read more* Indonesia - Honda to build new US$337m plant in Jakarta
- P.T. Honda Prospect Motor (HPM), the Japanese OEM's 51%-owned vehicle manufacturing and sales joint venture in Indonesia, has announced plans to build a new US$337m plant with annual production capacity of 120,000 units. HPM is planning to produce small-sized vehicles such as the Brio developed for Asian markets... Read more* India - Tata Motors global vehicle sales up 24% in Februray
- Tata Motors Ltd's global vehicle sales saw an increase in 24 per cent in February from a year earlier, the Indian company said on Friday, as continued strong sales of its luxury Jaguar Land Rover vehicles offset slower growth in India... Read more* Europe new car sales down 9.7% in February
- New car sales across Europe fell by 9.7 percent in February on a 12-month basis, the fifth consecutive monthly slide, the European Automobile Manufacturers' Association said on Thursday. The total number of new cars registered in 26 of the 27 European Union states, minus Malta where no data was available, was 888,878 in the month... Read more* USA - Chrysler Prepping Smaller, 3.2-liter Pentastar V-6 for New Models
- Chrysler’s 3.6-liter Pentastar V-6 has been a big hit for the automaker, powering several of its most popular offerings. It’s so popular in fact that Chrysler is now reportedly developing a smaller, 3.2-liter version of the engine which is expected to debut in the all-new Jeep Liberty to start, mated to the brand’s coming nine-speed automatic transmission... Read more
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