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Carmakers set to steer off sponsorship SINGAPORE – Carmakers are the driving force behind some of the world’s most lucrative golf tournaments but nose-diving demand and anemic earnings amid the global financial crisis has put the brakes on sponsorship spending. Eastern European economies are also battered, official figures show As Wagoner agrees to leave the seat, chief operating officer Fritz Henderson will replace him. DETROIT – Toyota Motor said Saturday it plans to launch an electric car in the United States by and boost its gas-electric hybrid offerings to as many as ten models in the early years of the next decade. Japanese exports fall by half in February TOKYO – Japan’s exports fell by nearly half in February from a year earlier – a record drop – the government said yesterday. Global banking crisis deepens, ECB cuts interest rates Banking giants in Europe and the United States faced fresh questions about their ability to ride out a global financial crisis which prompted European Central Bank interest rate cut on Thursday

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As unemployment rises and companies slash output, outlooks support the view that Japan is headed towards deflation TOKYO – Japan’s Toyota Motor, the world’s largest vehicle manufacturer, announced Friday its first annual loss and warned it would plunge deeper into the red this year because of the global economic downturn.

Nissan forecasts big loss, to cut 20, jobs Nissan Motor Co, Japan’s third biggest automaker, said on Monday that it would slash production in the year to March by 20 percent, and the group-wide headcount by 20, workers by the end of March Japan Toyota Motor Corp on Tuesday announced further cutbacks in its domestic output and said it will halt production for 11 days in February and March, revealing growing pessimism about flagging global auto demand.

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The figures will be announced Thursday 5. Eastern European economies are also battered, official figures show. Toyota to cut production by 20 pct TOKYO – The world’s biggest automaker Toyota Motor will cut production by 20 percent this asaui as it tries to cope with falling worldwide demand, a report said yesterday.

Japanese industrial production has biggest monthly fall in November Japan’s contracting economy got a slew of bad news Friday with November figures showing industrial production plunged by its biggest margin since records were started inthe jobless rate jumped and household spending fell.

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DETROIT – Toyota Motor said Saturday it plans to launch an electric car in the United States fireksiyon and boost its gas-electric hybrid offerings to as many as ten models in the early years direkssiyon the next decade.

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SINGAPORE – Carmakers are the driving force behind some of the world’s most lucrative golf tournaments but nose-diving demand and anemic earnings amid the global financial crisis has put the brakes diremsiyon sponsorship spending. Italy’s Fiat took a 35 percent stake in Chrysler, launching a venture designed to secure the beleaguered U. Worst industrial output fall in years ANKARA – Turkish industrial production declined the most in seven direksjyon in November as the global credit crisis reduced demand at home and abroad for Turkish-made goods such as cars and washing machines.

Fiat takes Chrysler’s 35 percent stake Italy’s Fiat took a 35 percent stake in Chrysler, launching a venture designed to secure the beleaguered U. Compared to the third quarter ofthe contraction stands at 3.

Output may de-crease Honda Motor, Japan’s No.

TOKYO – Grim data from the world’s biggest firms and thousands of job losses underscored Friday the urgency driving debate over Washington’s massive economic stimulus plan.

GMis seeking new federal loans. The country may enter a painful recession and economic growth probably will not recover until the third quarter of next year, claims an economist at JPMorgan Chase As Wagoner agrees to leave the seat, chief operating officer Fritz Henderson will replace him. Toyota names family scion as new president TOKYO – Toyota Motor yesterday named Akio Toyoda as its new president, turning to the grandson of its founder to rescue the company from its biggest ever crisis.

TOKYO – Japan posted a record trade deficit in January, with exports tumbling 46 percent from a year earlier, as the global economic downturn tightened its stranglehold on overseas demand.

xsahi TOKYO – Fitch Ratings cut Toyota’s top-notch credit rating yesterday, blaming the world auto market asqhi and surging yen – the latest sign that even Japan’s top automaker is suffering from the global slowdown. Toyotasa, the Turkish subsidiary of the world’s largest car maker Toyota, has suspended production at its plant in the northwestern province of Kocaeli until Jan. Toyota to change president after first-ever annual loss- Japan daily Toyota Motor Corp is to promote Akio Toyoda, a founding family scion and executive vice president, to president in April, Japanese daily Asahi reported on Tuesday.

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The deepening recession and shrinking consumer demand is hitting companies worldwide, as firms from Germany to China are laying off thousands due to diminishing exports. Japan’s contracting economy direkksiyon a slew of bad news Friday with November figures showing industrial production plunged by its biggest margin since records were started in direksuyon, the jobless rate jumped and household spending fell. Grim corporate figures underline global turmoil TOKYO – Grim data from the world’s biggest firms and thousands of ashai losses underscored Friday the urgency driving debate over Washington’s massive economic stimulus plan.

ANKARA – Turkey’s economic growth hits a six year low in the third quarter, with a gross domestic product expansion of 0. Toyota Japan orders day production halt as pessimism grows Japan Toyota Motor Corp on Tuesday announced further cutbacks in its domestic output and said it will halt production for 11 days in February and March, revealing growing pessimism about flagging global auto demand.

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TOKYO – The world’s biggest automaker Toyota Motor will cut production by 20 percent this year as it tries to cope with falling worldwide demand, a report said yesterday. Industrial output expected to plummet ANKARA – Turkish industrial output continues to decline as demand wanes in key export markets, according to a Bloomberg survey.

The cireksiyon came a day after Toyota forecasted a first-ever annual operating loss.

TOKYO – Toyota Motor yesterday named Akio Toyoda as its new president, turning to the grandson of its founder to rescue the company from its biggest ever crisis. Banking giants in Europe and the United States faced fresh questions about their ability to ride out a global financial crisis which prompted European Central Bank interest rate cut on Thursday Japan posts record trade deficit, exports fall 46 pct TOKYO – Japan posted a record trade deficit in January, with exports tumbling 46 percent from a year earlier, as the global economic downturn tightened its stranglehold on overseas demand.