General Motors could close three or more European car plants this year as the cash-starved automaker desperately seeks to align its production with collapsing car sales.
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Sales of the Volkswagen Golf were supposed to suffer last year ahead of the arrival of the new sixth-generation model last autumn.
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Suppliers are looking for more than 10 billion in loans from the European Investment Bank to help them cope with a growing cash shortage.
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Two of Europe's biggest dealer groups are restructuring their businesses to protect themselves against the slump in new-car sales.
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France's automakers made big changes late last week that they hope will help them emerge from the worst sales slump in decades.
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General Motors is restructuring its sales, marketing and aftersales operations in Europe to give its Opel, Chevrolet Europe and Saab brands more autonomy.
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Volkswagen group's union chief Bernd Osterloh has joined the four-person inner council of Porsche Automobil Holding, the body that oversees the Porsche-Piech family's 51 percent stake in VW group.
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Spearheading the creation of one of the most beautiful sports cars ever made is one of the reasons why Ferruccio Lamborghini has earned a spot in the European Automotive Hall of Fame.
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Citroen disappointed a lot of people earlier this month. Rumors were running wild that the French carmaker was bringing back its legendary DS line.
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The battle among suppliers to develop the batteries that will power tomorrow's cars has just begun. And the current leaders won't be the winners at the end. So believes Wolf-Henning Scheider, Robert Bosch's president of gasoline systems.
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Auto dealers can expect little help with their inventory financing from financial rescue and economic stimulus measures adopted by the Obama administration and Congress, industry analysts say.
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On Tuesday, Feb. 17, Chrysler LLC must present to the U.S. Treasury Department its plan for survival. But the company's survival and#x2014; plan or no plan and#x2014; is very much in doubt.
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Bob Lutz has some pithy advice for his successor, Tom Stephens: Don't return to the bad old days at General Motors, when budget-conscious accountants would "cut two inches off the tailpipe" to save $100.
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Bob Lutz says General Motors' struggling Saturn brand probably won't survive. "My personal favorite would be to see Saturn survive and prosper," GM's vice chairman told Automotive News.
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Automotive Lease Guide is slashing projected residual values of 2009 models sold by all of Chrysler LLC's brands and half of General Motors' brands. The cuts reflect the brands' uncertain futures, the guide company says.
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Fiat may export some Europe-built cars to the United States to set the stage for possible U.S. production in mid-2011 under its proposed alliance with Chrysler LLC.
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Four-cylinder engines will reign in Ford Motor Co.'s lineup. In a bid to boost fuel efficiency, Ford intends to double four-cylinder engine volume and offer a four-cylinder option for each car and crossover by 2013.
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Rather than slashing the price or pouring on incentives, BMW is limiting the supply of its European-built X3 compact crossover to maintain profits until it shifts production to South Carolina.
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Over the past six years, Audi has pushed hard to develop the Western market, says Reinhard Fischer, director of network management at Audi of America. It's starting to pay off.
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Audi dealers now are among the industry's most profitable. But Audi has traveled a "rocky road" with its U.S. dealers, Audi of America President Johan de Nysschen says. In 2007, Audi introduced a new margin and bonus system.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up