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Canada capacity use slides to an 11-year low
Reuters - OTTAWA (Reuters) - Industries ran at 81.8 percent of their production capacity in the fourth quarter of last year, the lowest rate in 11 years, in a slowdown that hit the auto and forestry sectors hardest. Statistics Canada said on Thursday the
Thai February auto sales up 13 percent at 49,256 units
CNN Money - BANGKOK, Mar. 13, 2008 (Thomson Financial delivered by Newstex) — Auto sales in Thailand rose 13.0 percent in February from a year earlier, driven by a surge in passenger car sales, an industry group said Thursday. Total sales reached 49,256 units
GM, Ford shares fall after Morgan Stanley cut
Reuters South Africa - Morgan Stanley cut its 2008 U.S. auto sales forecast to 15.4 million vehicles, from 15.9 million vehicles, and introduced a 2009 forecast of 15.8 million.
Toyota chief: Growth behind quality woes
BusinessWeek - President Katsuaki Watanabe said the company has improved quality controls, and is sticking to its sales targets, including those in North America, despite worries about a credit crunch and a slowdown in the auto market.
Electronic Arts starts tender offer for Take-Two
CNN Money - EA made a tender offer for rival Take-Two, maker of the Grand Theft Auto video game series. NEW YORK (CNNMoney.com) — Electronic Arts said Thursday it has launched an all-cash tender offer to buy rival Take-Two for $26 a share. The offer to buy
RealtyTrac: Ohio 7th, Ky. 45th in foreclosure rates
Business Courier - Foreclosures up in Maryland, down in D.C. and Virginia [Baltimore] Foreclosures continue to rise in Alabama [Birmingham] Foreclosures up in Maryland; down in D.C. and Virginia [Washington, D.C.] Ohio remained among the 10 states with the highest U.S
Chrysler to close center in Carlsbad
San Diego Union-Tribune - In all, more than 30 concepts were produced and exhibited at auto shows. Nissan North America recently offered voluntary buyouts for design staff at its design studio in San Diego and at the Farmington Hills, Mich, facility.
Electronic Arts launches tender offer for Take-Two
Reuters Canada - Take-Two, publisher of the popular “Grand Theft Auto” video games, last month rejected EA’s unsolicited all-cash offer at the same price. The bid represents a 64 percent premium over Take-Two’s closing stock price on February 15, the last trading
Sensex nosedives 771 pts on all-round selling
Sify - The Auto and Healthcare indices lost 2.45% and 2.69% respectively while the FMCG index, which suffered the least damage, closed with a loss of 1.95%