JAGUAR HAS ANNOUNCED that its entry level offering, the X-type, will wrap up production before the end of 2009. The last of Jaguar’s ‘old-guard’ offerings, the Mondeo-based X-type was originally intended to live on until at least mid-2010.

The decision to drop the X-type comes amid sweeping cost-cutting measures at Jaguar Land Rover to help shore the [...]

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Honda has already taken a tight grip of its purse strings in recent months, in the process killing off the keenly-awaited NSX successor as well as its Formula 1 program.

With the big budget items gone, Honda has now turned its cost-cutting attention to the places it will hurt most.

In North America Honda will reduce annual [...]

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Times are tough, and when the accountants start breaking out the red ink something’s gotta give. Volvo, like pretty much every other car manufacturer, has been feeling the economic squeeze lately, and has just announced that it’ll be shedding a total of 4616 employees by the end of this month as part of an effort to [...]

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If you thought Ford’s 3Q losses were bad, think again. General Motors has just announced its own financial performance for 3Q 2008, and the numbers are grim.

GM’s total loss for the third quarter is a whopping USD$2.5 billion; it has also managed to eat through $6.9 billion of its cash reserves during the course of [...]

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As if America’s beleaguered automakers weren’t in enough trouble. Ford has today announced a net loss of USD$129 million for the third quarter of 2008, which equates to a drop of $0.06 a share. A pre-tax operating loss of $2.7 billion for 3Q 2008 has also been announced, which is in stark contrast to [...]

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