If the Detroit 3's cash and credit crises don't send the companies over the edge, a political stalemate on Capitol Hill could provide the final shove.
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After the dismal reception Washington lawmakers gave Detroit 3 CEOs and UAW President Ron Gettelfinger last week, I found myself saying, "This isn't the way Lee Iacocca did it in 1979.'
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With federal bailout money on the line, Chrysler CEO Bob Nardelli last week gave the world a peek at his private company's finances. The picture behind the veil wasn't pretty. Chrysler is running on fumes and may run out of cash by year end.
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General Motors Europe is reaching out beyond Germany in search of government help to avoid a liquidity crisis if its US parent goes bankrupt.
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Some of Washington's bailout schemes have the same desperate elements that led to the creation of British Leyland in 1968.
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In their almost gleeful calls for the death of the domestic auto industry, some U.S. senators and other critics of the Detroit 3 have suggested rampant incompetence and utterly failed business models.
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A bankruptcy filing by a Detroit 3 automaker would kill many of its dealerships quickly even if the company successfully reorganizes, dealers' lawyers predict.
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A collapse of General Motors would leave its European operations -- led by Opel -- in need of a need a partner or new owners to survive. But who would that be?
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Toyota will lose money in Europe for the first time since its 2001-2002 fiscal year unless unit sales rise sharply in early 2009.
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Europe's troubled car industry hopes to get some help soon from the EU and its 27 member governments.
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Ford of Europe will remain profitable next year despite an )x("",unprecedented economic downturn, its boss said. John Fleming, Ford of Europe CEO, said he expects overall new-car sales to be 15 million in Europe, 2.
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The dark cloud that hangs menacingly over Detroit seemed light-years away on Monday, Nov. 17, as Honda Motor Co. CEO Takeo Fukui celebrated the opening of an assembly plant in Indiana
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The economic crisis is cutting into Renault's European new-car sales, but Renault Retail Group General Manager Gilles Messier says the company-owned dealer network remains on track heading into 2009.
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GMAC Financial Services could end up in bankruptcy court if it fails to get government bailout money, says Standard and#38; Poor's, the credit rating agency. But a GMAC spokesman said the possibility of bankruptcy is "pure speculation."
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Could GM, Chrysler or Ford survive a bankruptcy filing? Could the domestic industry? The CEOs of the Detroit 3 answered with an emphatic "no" last week when some Washington lawmakers broached bankruptcy and#x2014; even a quick, prepackaged one...
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Porsche has just released photos of their new four-seat Panamera grand touring car, which will join the Boxster, Cayenne, Cayman and 911 models next year. The German performance automaker says that the model combines sporting driving dynamics, a spacious interior, and the supreme comfort of a Gran Turismo.
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Volvo's next-generation S60 concept is set to be unveiled at the Detroit Motor Show early next year as a fairly clear indication of what the 2010 production model will look like. A photo has been released, showcasing a daring, sleek and exciting silhouette. A tapered 'double-wave' beltline runs the length of the car from the headlight to taillight, rising slightly to accommodate the large turbine-shaped wheels and fenders surrounding them.
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Romain Grosjean, the first GP2 Asia Series champion and fourth in this year's main GP2 series, looks likely to return to the support category in 2009.
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Neel Jani (Switzerland) and Adam Carroll (Ireland) are the winners at Sepang, Malaisia. Ireland takes the lead in provisional classification.
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Since Honda decided a few years back that their mid-size Accord in North America should be different (read: bigger) than the one sold in the rest of the world, its rivals don't have much choice but to follow the same path.
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