Ford Motor Co. has moved a step closer to a sale of its loss-making Swedish brand Volvo, opening detailed discussions with potential buyers, it said in a message to Volvo employees today.
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Ford Motor Co. has moved a step closer to a sale of its loss-making Swedish brand Volvo, opening detailed discussions with potential buyers, it said in a message to Volvo employees today.
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Resale value of brands that might be sold by General Motors is falling faster than the industry average, casting more doubt on them, a leasing guide said.
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Czech carmaker Toyota Peugeot Citroen Automobile (TPCA) has postponed a plan to boost production capacity to 340,000 cars this year, due to the global downturn.
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Fiat Group CEO Sergio Marchionne is satisfied with the arguments his company made to the U.S. government regarding its plans to form an alliance Chrysler LLC.
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Fiat Group CEO Sergio Marchionne said he is satisfied with the arguments his company made to the U.S. government regarding plans to form an alliance with Chrysler LLC.
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Fiat Group CEO Sergio Marchionne said he is satisfied with the arguments his company made to the U.S. government regarding plans to form an alliance with Chrysler LLC.
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The US Bankruptcy Court has adjourned until 2 April approval hearings on Delphi's proposed sale of its global steering business to General Motors to give the US treasury more time to evaluate the agreements, the supplier said.
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Three months after saying he was gloomy about the auto industry's future because of the unprecedented changes happening at that time, Fiat Group CEO Sergio Marchionne is a bit more optimistic. "The recovery process has started.
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Three months after saying he was gloomy about the auto industry's future because of the unprecedented changes happening at that time, Fiat Group CEO Sergio Marchionne is a bit more optimistic. "The recovery process has started.
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General Motors seems unlikely to reach key agreements ahead of a 31 March 31 deadline after its union and bondholders went public with a dispute over concessions, an analyst has said.
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Amsterdam expects almost all cars, vans and mopeds in the city will run on electricity by 2040. The Dutch city today announced plans to build 200 charging stations in the next two years.
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Ford of Europe is increasing its new-car prices in the UK and Russia in response to the falling value of the British pound and the Russian ruble. Ford will increase the prices of new cars in Russia by 5 percent and by 3.75 percent in the UK.
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Porsche Automobil Holding SE has secured a last-minute deal to refinance a 10 billion euro ($13.6 billion) loan for its takeover of Volkswagen AG, paving the way for a possible stake increase.
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Porsche is expected to report pretax first fiscal half pretax profit of EUR3.65bn (US$4.91), a poll of analysts showed.
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Tata Motors Ltd. , the Indian automaker that bought Jaguar and Land Rover last year, had its credit rating lowered by Standard and Poor's because of cash and debt concerns.
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Standard and Poor's Ratings Services today lowered its corporate credit rating on India-based automaker Tata Motors Ltd. to B+ from BB-.
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Tata Motors Ltd. , the Indian automaker that bought Jaguar and Land Rover last year, had its credit rating lowered by Standard and Poor's because of cash and debt concerns.
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Autoliv, the world's biggest maker of air bags and seat belts, said today that it would raise $364 million in a stock offering, with the money helping to boost its balance sheet.
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First drive of new Golf GTI, Jaguar's new XF estate, World's cheapest car driven, Micro MINI on the way
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