The German government is set to discuss on Monday whether to give Porsche a 1.75 billion euro ($2.5 billion) loan, said a person close to the talks, a move that could lift a question mark over the carmaker's finances.
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PSA Peugeot-Citroen has begun the process of looking at locations for its car project in India, local press reported today. The company was said to have Rs1,500 crore (US$31m) to invest.
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Brit marque is gunning for glory 50 years after it won its first Le Mans
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Moscow city Mayor Yuri Luzhkov has told Renault's Carlos Ghosn that Avtoframos will build up Renault car production despite the economic crisis.
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Opel will have to pay billions of euros in licence fees to GM after it separates from its parent, according to a report in German business daily Handelsblatt.
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General Motors Corp will play a major hand in the financing needed for Platinum Equity to take control of Delphi Corp, a press report has said.
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Sberbank yesterday (4 June) unveiled cash aid for Opel of EUR500m to help the German company maintain jobs at home.
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GM is reportedly very close to doing a deal to sell its Saturn distribution network to dealership group Penske.
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Fiat CEO Sergio Marchionne said on Friday that Saab has "minimal" interest for Fiat without Opel. "The work on Saab was linked to Opel, taking into account that the technical input all came from Opel," Marchionne said.
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Ssangyong says its labour union and management have agreed to seek a mutually beneficial resolution of their dispute by Monday.
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A Chinese industrial machinery company's plan to buy the Hummer brand from GM could run into regulatory objections in China, according to a Chinese media report.
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Suzuki has reportedly suspended plans to build a factory near St Petersburg due to the downturn in demand in Russia's vehicle market.
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Entrepreneur Roger Penske's Penske Automotive Group, the second-largest U.S. car retailer, is the winning bidder for General Motors' Saturn, Bloomberg News reported.
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IndyCar team owner and Detroit businessman Roger Penske has an agreement with General Motors to buy the Saturn brand, it was announced Friday.
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General Motors Asia-Pacific has moved swiftly to reassure its partners and customers on the viability of its operations in the region, despite its US parent company filing a Chapter 11 bankruptcy petition in the US and the subsequent sale of a majority stake in General Motors Europe.
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he Swedish government won approval from the European Commission on Friday to guarantee loans from the European Investment Bank for Volvo to help co-finance the development of green cars.
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Hoping to strengthen its liquidity, Robert Bosch GmbH has issued a bond of EUR 1.1 billion.
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Investment bank UBS has said in a research note that Ford Europe could make a good candidate for a link-up with either Fiat or PSA.
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Fiat's efforts to acquire Opel are not dead and buried according to the Italian carmaker and a government minister.
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