US lawmakers have begun talking to Wall Street financial experts to see if there are ways to speed Chapter 11 bankruptcy and recovery plans should this prove necessary to rescue struggling Detroit automakers.
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Portugal's government on Wednesday announced a 200 million euro credit line for auto and car parts exporters as part of a support package to help the industry through a time of crisis and avoid job losses.
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Alfa Romeo, Fiat's sports car brand, is going ahead next year with the launch of the successor to its 147 sedan, Alfa Romeo CEO Luca De Meo said on Wednesday. The launch will take place despite Fiat temporarily halting production.
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Leoni, the specialist in wire, cable and wiring systems, has opened a production facility in the Mexican state of Durango. The plant will largely supply cable harnesses to US commercial vehicle manufacturers.
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Better Place, the mobility operator, has signed a deal with the governor of Hawaii to build an electric-car network in the US state.
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All eyes are on Mazda, as the stunning new 3 debuts at the Bologna Motor Show.
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Sportier styling and lower profile revealed as new model gets set for debut in Italy this week.
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Audi has turned its sizzling coupé into a beautiful soft-top - and new supercharged four-seater promises more wind-in-the-hair thrills than A4 Cabriolet it replaces...
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The CEO of MAN has said he expects the current economic crisis to last up to two and a half years and has warned that the German group would be cutting costs to maintain its financial targets.
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New FQ400 gets big power increase, plus circular air vents in front spoiler, while body panels are lighter, too.
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Should Congress approve a Big Three bailout? No, it'll be painful, but the US automakers must be left to their fate instead of being bailed out by the US government, argues Mark Bursa. Yes, these are exceptional times requiring exceptional measures and the alternative could be very much worse, not just for Detroit but for the whole US economy, says Dave Leggett.
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The fastest Audi ever makes its debut at Essen Motor Show.
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Sharper lines, a smooth nose and large grille mark out all-new 3.
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The German auto industry -- this year heading for the worst domestic car sales since the country's reunification in 1990 -- sees more trouble ahead as the market shrinks more next year, it said on Wednesday.
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The German car market was down almost 18% year on year in November, putting 2008 on track to be the worst year for car sales since reunification in 1990.
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Ford's Saarlouis plant is well prepared for the financial crisis, according to the factory's manufacturing director.
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Porsche sales in North America were down almost by half in November. The company sold 1,378 cars in the US and 115 in Canada, a decline of 46% compared to the same month a year ago.
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General Motors is considering selling its Swedish premium brand Saab. )x("",We will look at all the possible options, including possible sale, starting immediately, Fritz Henderson, GM's vice chairman and chief operating officer, said.
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