DETROIT -- Delphi Corp.'s operating loss narrowed to $96 million in the third quarter from a loss of $663 million a year earlier, largely because of payments received from former parent General Motors.
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Delphi Corp.'s operating loss narrowed to $96 million in the third quarter from a loss of $663 million a year earlier, largely because of payments received from former parent General Motors.
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If Carl Edwards takes the pole this weekend at Homestead-Miami Speedway, his racing-spec Ford Fusion will be the one to follow another Blue Oval offering--the 2010 Fusion hybrid to be unveiled days later at the Los Angeles auto show.
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General Motors CEO Rick Wagoner says GM's financial distress is so dire that it must line up financial assistance from Washington before President-elect Barack Obama takes office in January.
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The Detroit 3 may not survive their cash crises unless the federal government supplements any emergency loans with consumer cash incentives to spur auto sales, say two longtime industry leaders.
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Delphi Corp. is seeking court approval that will allow the bankrupt U.S. auto parts supplier to continue to use proceeds from its $4.35 billion bankruptcy financing through the first half of 2009, beyond the year-end maturity date.
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Some lenders to American Axle and Manufacturing Holdings Inc. agreed to extend the length of the company's revolving credit facility in return for lowering their financial commitment to the auto supplier.
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Texas dealers Tom Durant and Jean Durdin emerged from an auction today as the first buyers of the bankrupt Bill Heard Enterprises Inc. stores, turnaround consultant Fred Caruso says.
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The economic crisis that rocked Wall Street showed up as a ripple in many media company earnings reports for the third quarter -- but a more ominous harbinger of hard times emerged Friday. General Motors, which reported a $4.
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California electric car maker Fisker Automotive is setting up shop in the Detroit suburb of Pontiac, Mich.
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The board of directors of Visteon Corp. elected CEO Donald Stebbins chairman of the board on Friday. After 13 years as a Lear Corp. executive, Stebbins, 50, joined Visteon in 2005 as COO.
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F1 veteran Rubens Barrichello might have raced in his last Grand Prix.
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Former CART and Formula One driver Cristiano da Matta is on the verge of racing full-time in Grand-Am next season.
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WRC co-driver Patrick Pivato, given a 50 percent chance of survival following an accident during the Rally Japan, is on the road to recovery.
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Two-time Formula One world champion Fernando Alonso will remain with Renault F1 in 2009. Alonso, who switched from McLaren-Mercedes this year on a one-year contract, agreed to a new two-year deal, keeping him with the team through 2010.
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Toyota's return to the 24 Hours of Le Mans with a hybrid-powered prototype appears to be closer. Toyota, which last raced at Le Mans in 1999, admitted that it continues to develop its hybrid technology for racing.
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With the French Grand Prix out and no confirmation yet that the Canadian Grand Prix will be rescued by public funding for a new promoter, Bernie Ecclestone has shortened the 2009 Formula One schedule.
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Australian Craig Gore sent mixed signals, but it appears that his Team Australia IndyCar Series sponsorship package is in jeopardy.
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As expected, the Force India F1 Team terminated its engine supply contract with Ferrari one year early and signed a five-year deal with McLaren-Mercedes that will see the team's cars use a McLaren-Mercedes powertrain--including engine,...
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Ray Evernham, who left Hendrick Motorsports in 2000 to bring Dodge back into NASCAR and start his own team, soon will leave his post.
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