Chrysler LLC has teamed with credit unions in 12 states to give its customers access to $12 billion in auto loan financing. The move comes as Chrysler seeks a federal loan to remain solvent.
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The United States needs a new energy policy that encourages consumers to buy fuel-efficient vehicles, Ford Motor Co. Executive Chairman Bill Ford said today.
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General Motors, which is seeking a government bailout, paid up to $700 in year-end inflation adjustments to each of its 284,000 hourly retirees on Monday, said GM spokesman Tony Sapienza.
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The Bush administration is handing off to its successor the most closely watched auto safety issue in Washington: what automakers must do to prevent a vehicle's roof from collapsing in a rollover crash.
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A Minnesota bank that was suing local megadealer Denny Hecker for defaulting on final payments of a $1.1 million loan has withdrawn its complaint. In a suit filed Thursday, Dec. 11, Community National Bank, of North Branch, Minn.
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The 2009 Pontiac G8 GXP will start at $39,995, including $685 destination and freight charges and $1,700 in applicable federal gas-guzzler taxes. Options include a $695 six-speed manual transmission and a $900 sunroof.
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Continental AG will close its Blythewood, S.C., plant by the end of 2010, idling 440 workers, the automotive supplier said yesterday. The factory's diesel-parts manufacturing operations will move to the company's Newport News, Va., plant.
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LOS ANGELES -- Jim O'Sullivan, a Ford lifer who has run Mazda's North American business for the past five years, will stay with Mazda now that the two companies have loosened their ties.
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Peugeot will loan factory driver Pedro Lamy to the SunTrust Wayne Taylor Motorsport team for next month's Rolex 24 at Daytona, the Grand-Am Rolex Series season-opener.
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Toyota Division has canceled its 2009 dealer meeting in an effort to cut costs. Faced with a double-digit sales decline, Toyota says it can save about $1 million by forgoing the annual meeting.
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Farnbacher Loles Racing announced an American Le Mans Series program that sees the team's relationship with Porsche grow stronger for 2009.
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TOKYO (Reuters) -- Honda Motor Co. has moved up its year-end news conference by two days to tomorrow, Dec. 17, raising the possibility that the automaker could issue its third profit warning this year.
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Subaru maker Fuji Heavy Industries on Tuesday said it would withdraw from the FIA World Rally Championship (WRC) at the end of the 2008 season, citing a "dramatically changed" business environment.
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Key Plastics LLC entered a prepackaged Chapter 11 bankruptcy yesterday, citing troubles stemming from collapsing industrywide sales and production of cars and trucks. Suppliers Special Devices Inc. and PPI Holdings Inc.
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Russian car output rose 18% year on year to 1,385,571 units in January-November.
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The Volvo S60 concept headed for the Detroit auto show in January carries a heavy dose of fantasy features while offering a strong hint of the 2010 production car.
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Norwegian electric car maker Think has said it is talking with the government to escape its "urgent financial distress."
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Bosch on Tuesday said it would temporarily stop producing automotive components in India to avoid stockpiling.
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