*Raised $1.2 bln from investors, but cash has dwindled to $30 mln. DETROIT, April 5- Fisker Automotive, the struggling, government-backed hybrid sports car maker, terminated most of its rank-and-file employees on Friday, in a last-ditch effort to conserve cash and stave off a potential bankruptcy filing, sources said.
SAO PAULO, April 4- Automobile production in Brazil rose slightly in March but sales continued to lag compared with a year earlier, underscoring a fragile market that prompted the government to extend tax breaks on car and truck sales through the end of the year.
SAO PAULO, April 4- Automobile production in Brazil rose 39.2 percent and sales climbed 20.8 percent in March from February, the national automakers' association said on Thursday. Production in the month rose 3.4 percent from March 2012, according to data released by industry group Anfavea.
*Hyundai shares tumble 5.1 pct; Kia down 3.3 pct. "Hyundai has built factories very fast around the globe until recent years, but its quality improvement has failed to keep up with its rapid volume growth," said Kim Phill- soo, a professor at Department of Automotive Engineering at Daelim University College in Seoul.
*Toyota execs mull repositioning of 10- year-old brand. DETROIT, April 3- Toyota Motor Corp executives are weighing repositioning Scion as a line of premium small cars as they debate the youth brand's future in the United States.
DETROIT, April 3- Hyundai Motor Corp and its Kia Motors affiliate are recalling more than 1.8 million cars and SUVs in the United States to address a potentially faulty switch and a loose headliner, according to U.S. safety regulators.
DETROIT, April 3- Hyundai Motor Corp and its Kia Motors affiliate are recalling more than 1.8 million cars and SUVs in the United States to address a potentially faulty switch and a loose headliner, according to U.S. safety regulators.
Hyundai is recalling 1,059,824 cars and SUVs and Kia 623,658 vehicles from model years 2007 through 2011 to replace a switch that could increase the risk of a crash, according to documents filed with U.S. National Highway Traffic Safety Administration.