The alliance of Montreal hoteliers has agreed to apply a one per cent 'grand prix' tax to the price of rooms in an effort to rescue the axed Canadian formula one race.
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The CEOs of the Detroit 3 and UAW President Ron Gettelfinger will return to Washington next week to make a case for a $25 billion federal bailout for the auto industry this year. House Financial Services Committee Chairman Barney Frank, D-Mass.
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A campaign to keep U.S. Rep. John Dingell in charge of a House committee important to the auto industry intensified today.
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Oil plunged 5 percent to $56 a barrel today on Wednesday as the U.S. government hacked its global demand growth forecast again due to the slumping global economy.
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General Motors today asked all its U.S. dealers to urge the Congress to approve an additional loan package to help the automaker deal with its liquidity crisis, dealers briefed on the matter said. GM U.S.
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Are the Detroit 3 and their allies to blame for the decline that has left them pleading to Washington for funds to survive? Or are they victims of events that would have overwhelmed any company? National media outlets, financial experts and auto...
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Canada's ailing auto industry would face further strain and an increased need of government assistance if Washington bailed out the industry south of the border, the CEO of Chrysler Canada said today.
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Daniel Tarullo is a law professor at Georgetown University and an expert on international economics.
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Hyundai Motor Co. says it has no interest in acquiring Chrysler LCC. "Our hands are full" with various expansion plans around the world, says Hyundai spokesman Jake Jang. "We have no interest in acquiring any company. That includes Chrysler.
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GAZ, the automotive group owned by oligarch Oleg Derpiska, has said that investment aimed at creating a complete line of diesel engines for commercial vehicles is a top priority
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Treasury Secretary Henry Paulson said today that any federal aid to automakers must help ensure their "viability." The Bush administration is resisting emergency loans to the auto industry.
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Treasury Secretary Henry Paulson said today that any federal aid to automakers must help ensure their "viability." The Bush administration is resisting emergency loans to the auto industry.
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Mexican auto production rose 8.1% year on year last month to 214,589 vehicles as export demand rose, the Mexican Auto Industry Association said.
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Plans for striking CS Concept to go into production have been shelved.
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German firm is readying a little brother to its world-beating supercar.
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First images of all-new Ford Focus rival from MG-Rover's Chinese owners
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Give a big welcome to a new breed of family Ford. This is the best look yet at the B-MAX – a supermini-MPV that’s set to be one of the most popular models on UK roads.
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General Motors plans to ship vehicles from its San Luis Potosi assembly plant in central Mexico to Canada by year end, the factory's managing director said yesterday.
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