Toyota Motor Corp. will halt production at all of its U.S. and Canadian auto plants for two days in December to reduce its robust flow of vehicles into a sagging U.S. market.
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Chrysler LLC CEO Bob Nardelli said he would accept $1 per year in salary if it helped Chrysler obtain its $7 billion share of a proposed $25 billion automaker rescue package.
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Chrysler LLC CEO Bob Nardelli told a Senate hearing today that the automaker will burn through $5 billion to $7 billion in cash in 2009. That would be on top of $5 billion in cash consumed in the first three quarters of 2008.
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General Motors dealers are pushing a grass-roots campaign to rally support for low-interest federal loans that could save the company.
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Senators laid down partisan battle lines today over the Detroit's 3's plea for a $25 billion federal rescue. The underlying message: The industry faces an uphill battle in winning approval of loan legislation.
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Senate supporters of $25 billion in emergency loans for automakers don't have the votes to pass the measure without more conditions on the aid, Senate Banking Committee Chairman Christopher Dodd said Tuesday night.
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UAW President Ron Gettelfinger told a Senate hearing today on an automaker rescue package that the union has made many sacrifices since 2005 to boost the competitiveness of the Detroit 3.
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Falling gasoline prices and near-record incentives may have consumers ready to buy cars again, according to the auto information site Edmunds.com.
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Infiniti's head of marketing has replaced Mark Igo as the brand's top executive in the United States. The switch is part of a restructuring that gives Infiniti executives in North America more control over manufacturing and strategic planning here.
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Less than a year after emerging from Chapter 11 bankruptcy protection, auto supplier Remy International Inc. reported a boost in net profit for the third quarter, which ended Sept. 30.
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If Congress demands new management in exchange for financial aid to the Detroit 3, legislators may have a tough time figuring out which executives must be replaced.
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Ford Motor Co. CEO Alan Mulally warned today that a government failure to aid the auto industry would create "tremendous risks to our already fragile economy.
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Financially strapped Chrysler LLC is going ahead with its joint venture with ZF Friedrichshafen AG to make axles at a new plant here. Production will begin in 2010 for 2011 models.
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Billionaire investor Edward Lampert has raised his stake in AutoNation Inc., the largest U.S. auto dealership group, to about 44.5 percent, according to federal regulatory filings.
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Saloon version of blue ovals award-winning supermini debuts in China.
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General Motors today announced the prices of two 2009 full-sized hybrid pickups expected to be sold in January.
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Sen. Richard Shelby, R-Ala., has become the public face of opposition to a federal bailout of the U.S. auto industry.
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Perhaps taking its cue from developments elsewhere, the Swedish government is talking about future business issues with automotive companies that have operations in Sweden.
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Shanghai Volkswagen (SVW) has selected the MyClick image recognition platform to help promote its new Lavida car via a Mobile WAP site and MMS.
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Ford Motor Co., battling a 20 percent decline in U.S. sales this year, said today it is bringing back employee pricing for its year-end clearance sale beginning tomorrow.
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