If General Motors acquires Chrysler LLC, state franchise laws would impose tight limits on GM's ability to kill brands or dump large numbers of dealers.
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To survive the credit crunch, Hyundai dealer Mark Wright is collaborating with some traditional rivals: credit unions and three nearby dealerships. The dealerships in suburban Richmond, Va.
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General Motors dealers are fleeing GMAC Financial Services and#x2014; the nation's No. 2 auto lender and#x2014; as a source of inventory financing and consumer loans.
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With key markets declining, John Fleming faces the toughest task of his career to maintain Ford of Europe's four-year run of profitability.
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Continental CEO Karl-Thomas Neumann said that supplier consolidation will accelerate in the current industry crisis. Neumann said that this year, between 200 and 300 suppliers will be bought or disappear.
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Londoners were doing double takes as they spotted this jet-black Hummer H3 parked near the Royal Academy of Arts earlier this month.
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Audi is building a 120 million assembly line in China to help boost sales in its biggest market after Germany. The move is part of Audi's plan to double its sales in China to 200,000 by 2015.
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Audi has decided it needs to stop running its Chinese operations from headquarters in Ingolstadt.
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Mazda aims to replace Ford Motor Credit Company as its dealer finance provider in Europe by year-end.
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Ajay Singh may be the most optimistic auto executive in Europe. While most European executives worry about the slowdown in their home region, Singh, 42, chairman of India's Argentum Motors, is treating Europe like an emerging market.
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AvtoVAZ needs a $1 billion (about 770 million) loan to keep its business running. Russia's largest automaker requires the cash to finance the cars it delivers to its dealers, Boris Aleshin, AvtoVAZ president, said in an interview here.
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A recovery in European car sales, expected by many to start in 2010, may not happen until 2011, says investment bank Goldman Sachs. Passenger car sales in western Europe are set to drop to 11.2 million in 2010 from a projected 13.
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General Motors Europe will have more temporary plant shutdowns this year and next year because of likely poor financial results and collapsing sales of its key Opel brand.
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Italian car manufacturer Ferrari has issue a press release in which it states that it is strongly against the FIA proposal of a single engine rule.
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Tesla Motors is putting the finishing touches on a new electric model. The company's founder and current president, Elon Musk, gave a preview of their next product. The S sedan will feature a driving range of 360 kilometres on a single battery charge.
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Scuderia Ferrari's team boss has confirmed that plans will move ahead for Valentino Rossi to return to the wheel of a formula one car.
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Carl Edwards (Ford No 99) was very fast this weekend winning the Nationwide race in Memphis on Saturday afternoon and the Pep Boys Auto 500 Sprint Cup race at the Atlanta Motor Speedway on Sunday afternoon.
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Italian car manufacturer Ferrari has issue a press release in which it states that it is strongly against the FIA proposal of a single engine rule.
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Tesla Motors is putting the finishing touches on a new electric model. The company's founder and current president, Elon Musk, gave a preview of their next product. The S sedan will feature a driving range of 360 kilometres on a single battery charge.
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Italian supercar maker Lamborghini has announced two special, rare models that will hit the road in the near future. The first, called the Lamborghini Blancpain Super Trofeo, is being called the world's fastest 'one-make' series. Debuting in May of 2009, the one-off model will be a lightweight version of the Gallardo LP 560-4 super car that was launched earlier this year.
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