Opel has confirmed today that it has received the first draw in the amount of EUR300m from the EUR1.5bn bridge financing agreement with the German government.
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GM's bankruptcy filing and the downturn in the global vehicle market will delay its plan to buy auto parts worth about US$1bn a year from India by 2010.
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General Motors may register for an initial public stock offering as early as the first quarter of 2010, GM CFO Ray Young said during a call with analysts this morning. Young said the majority new owner of a reorganized GM, the U.S.
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GM's South African arm has said it won't be affected by its parent's bankruptcy filing.
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Vehicle sales in India moderated in May according to figures released by car companies. Market leader Suzuki Maruti saw growth while other brands declined.
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Porsches board of management said Monday that it still favors a merger with Volkswagen and doesnt want to limit the potential deal to a specific time frame.
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GM China says it is still expanding despite its parent's woes in the US.
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Limited run of V8 coupes feature unique styling touches and lowered suspension
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Limited run of V8 coupes feature unique styling touches and lowered suspension
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Nissan's first production plant in Russia, the company's biggest European market, was officially opened today by CEO Carlos Ghosn and Prime Minister Vladimir Putin.
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Hummer finally appears to have found a home, and its with a Chinese industrial-equipment company.
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Hummer finally appears to have found a home, reportedly with a Chinese company.
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Hummer finally appears to have found a home.
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Delphi has said it has reached a deal to sell most of its global operations to private equity firm Platinum Equity, allowing it to emerge from Chapter 11 bankruptcy protection.
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No, Jesse James is not building his own jet fighter at West Coast Choppers. It only looks like a jet fighter. What you see pictured here is actually the Dees-Milodon Engineering-Davis B Streamliner, which ran on the salt in the 1960s.
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Fiat S.p.A. CEO Sergio Marchionne is not the only European auto executive with consolidation on his mind.
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Fiat S.p.A. CEO Sergio Marchionne is not the only European auto executive with consolidation on his mind.
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Fiat S.p.A. CEO Sergio Marchionne is not the only European auto executive with consolidation on his mind.
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Fiat's Indian joint venture is to launch the Grande Punto hatchback in the country this month, a statement has said.
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