If Congress thinks a bailout of General Motors is expensive, it should consider the cost of a GM failure. Let's be clear.
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The White House has been in talks with Congress about finding a way to accelerate loans to automakers under a $25 billion program already appropriated for the troubled industry, spokeswoman Dana Perino said today.
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Renault group global sales last month fell 14.1% to 188,116 vehicles (passenger and light commercial).
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Spanish unions won't negotiate Nissan's plans to dismiss 1,700 workers from its Barcelona factory until it provides a "clear" viability plan for the future of the site, which makes the Navara and Pathfinder SUVs for global distribution, according to a leading union official.
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A French banker named Edward de Cazalet special-ordered this Maserati Ghibli SS, and in the early 1970s, the Ghibli was just the sort of car sporting bankers aspired to own.
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GM Daewoo Auto and Technology Co. will idle its four South Korean plants for eight working days from Dec. 22 to Jan. 4 amid slowing demand.
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RM Auctions, Hershey, Pa.
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We're waiting for the man from General Motors before we can unload, but truck driver Jerry Fulton has opened one of the side doors on his rig. In the shadows inside, we catch a glimpse of yesterday's future.
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Toyota has insisted it still plans to open its latest US plant in Mississippi in 2010 despite Japanese media reports that it is considering a delay of a year or more.
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AutoNation Inc., the nation's largest auto dealership group, has laid off the chief architect of its acquisition strategy, say sources close to the company.
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AutoNation Inc., the nation's largest auto dealership group, has dismissed a member of its acquisition team as U.S. auto sales plunge.
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AutoNation Inc., the nation's largest auto dealership group, has laid off the chief architect of its acquisition strategy.
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AutoNation Inc., the nation's largest auto dealership group, has dismissed the chief architect of its acquisition strategy as U.S. auto sales plunge.
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General Motors' Adam Opel unit has asked the German federal and state governments for guarantees to help it weather tough times for the automotive industry, an Opel spokesman said on Friday.
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The Goodyear Tyre & Rubber Company has said it is "disappointed" at Standard & Poor's Ratings Services' (S&P) decision to place its credit ratings on credit watch with negative implications as part of a broader action that included 14 auto industry-related firms.
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Nissan Motor will introduce its ultra-low precious metal catalyst on the new Cube, to be launched on 19 November. The breakthrough catalyst, a claimed world first, uses half the amount of precious metals compared with conventional catalysts.
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ACEA has reported that sales of new passenger cars in Europe fell by 14.5% in October confirming earlier data issued by JD Power.
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General Motors European chief has said the company would not close any factories on this side of the Atlantic "unless an asteroid hits the earth".
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Schaeffler plans to file for European Commission approval to take over Continental AG on by the end of this week and expects Brussels to approve the deal by the end of the year.
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The head of Daimler, Dieter Zetsche, has said he is mulling shorter working hours to deal with weaker demand.
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