Simon Boag, Chrysler LLC's president of Mopar and global parts and service, has left the company after three years. Boag, a native of Georgetown, Ontario, had held a series of high-ranking jobs since joining DaimlerChrysler AG in 2005.
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The Islamic investment firm that purchased half of Aston Martin from Ford Motor Co. last year is selling a stake in the British luxury sports car maker.
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Toyota Motor Corp., with its sales plunging in the United States, is freezing its plan to build the Toyota Prius in a new plant near Tupelo, Miss. For how long? The automaker doesn't know.
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NASHVILLE -- Toyota Motor Corp., with its sales plunging in the United States, is freezing its plan to build the Toyota Prius in a new plant near Tupelo, Miss. For how long? The automaker doesn't know.
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Toyota Motor is delaying indefinitely Prius production in the United States.
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GMAC Financial Services LLC extended its deadline to Dec. 26 for bondholders to swap $38 billion in debt for new bonds of lower value - a deal that could help the captive finance company avert bankruptcy.
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Global car distributor and retailer Inchcape Group said on Monday it expected 2008 results in line with expectations but 2009 to be "significantly" below previous forecasts.
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Investment is considering offers to sell up to 20% of Aston Martin and wants to borrow up to 300m dinars (US$1bn) to refinance debt.
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Hyundai Motor is to offer up to 20% discounts on servicing costs for those who have bought more than three new Hyundai vehicles since 1990.
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Ball bearings specialist Schaeffler plans to appoint four of its own managers to supplier Continental's supervisory board as soon as possible.
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Volkswagen chief Martin Winterkorn has predicted world car sales would fall by up to 20% next year while the industry would have to confront "painful" changes.
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The Canadian federal government and provincial government of Ontario, where automaking is based, will provide an estimated C$3.4bn to the Canadian divisions of the Detroit-based Big Three.
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Volkswagen's union chief Bernd Osterloh has taken the top role in Porsche Automobil Holding's works council. The move resolves one issue in a dispute between Porsche and VW over Porsche's plan to control VW, Europe's biggest carmaker.
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BMW will unveil its first roadster with a retractable hardtop, the all-new 2009 Z4, at the North American International Auto Show in Detroit in January.
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The newest members of the European Automotive Hall of Fame share a common trait: guts.
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Suzuki has followed Honda by pulling out of motorsport activities.
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In a ceremony at the Royal Automobile Club UK-based writer and just-auto columnist Karl Ludvigsen has picked up three awards from the UK's Guild of Motoring Writers.
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Bulgaria is the latest nation to express a desire to host Formula One.
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Toyota is expected to drastically prune its sales forecast for next year by at least 1m units and detail cost cuts next week.
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