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A warning of unprecedented staff cuts at Toyota, the world's biggest auto maker, and word of a possible first quarter loss by Volkswagen piled fresh pressure on struggling car manufacturers on Friday.

The bleak news came after a halt in dividend payments on Thursday by Italy's Fiat SpA, the first European car maker to report 2008 results, as it headed into what it called one of its worst years.


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Toyota Prepping Pink Slips for US And UK Workers - VW May Post 4th Qtr Loss

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