As Ford Motor and General Motors consider selling their Swedish brands, Volvo's long-term future seems brighter than Saab's.
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The loss of Volvo would have a more devastating effect on the future of Sweden as an automaking nation than the closure of Saab, Lars Holmqvist, CEO of CLEPA, the European suppliers association, said.
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General Motors is talking to potential investors who could take partial ownership in Saab. Jan-Ake Jonsson, managing director of the Swedish brand, said GM and Saab are talking to several investors about putting money into the company.
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The stellar performance of Chevrolet Europe is being brought back down to earth by the market collapse. This year the brand will miss its target to sell 500,000 new cars in Europe, Chevrolet Europe Executive Director Wayne Brannon said.
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If the Detroit 3 win approval of $34 billion in emergency government loans this week, they also will get painful conditions.
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Here's a big challenge for Ford Motor Co. as it seeks federal aid: Avoid the stench of death that surrounds crosstown rivals General Motors and Chrysler LLC. Ford is losing billions of dollars, and its sales have plunged nearly 21 percent this year.
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As General Motors executives weigh the future of the disappointing Saturn division, GM is not allocating new money toward future Saturn products, according to a source familiar with GM's budget.
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Against a backdrop of plunging fuel prices, Ford is restoring two shifts and overtime production of its re-engineered 2009 F-150 pickup. With gasoline under $2 a gallon, demand for Ford's big pickup is up.
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Despite earlier disappointment in the truck business, Nissan North America Inc. is back to try again. Last week, Nissan unveiled a workhorse concept truck here that it hopes will carry it even deeper into the depressed U.S.
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Dai Ryoung Lee sits munching on a Dove bar in a crowded office filled with Asian art in downtown Los Angeles. Lee says he has no time for lunch. He's too busy trying to save his Hyundai dealership in the city's Koreatown section.
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Industry veterans Harold Krivan and Arupa Tesolin will join a roundtable discussion at the Automotive News World Congress in Detroit. The panelists will talk about the role of innovation in auto industry sustainability on Tuesday afternoon, Jan. 20.
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With an entry price under $35,000, Mercedes-Benz expects its new compact GLK SUV to have a competitive edge over four new competitors due next year.
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Swedes once reveled in the independence of their two national carmakers and#x2014; small but highly profitable luxury brands competing in a world of giants. Volvo Car Corp. and Saab are now money-losing wards of Ford Motor Co.
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Three of Toyota's largest seat suppliers are dissolving or restructuring their U.S. joint ventures. The reason: Toyota wants more competition among its North American suppliers.
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The 2009 Kia Borrego could certainly be described as an automotive anachronism. While it just arrived on the market, this vehicle belongs in a previous era. What I mean is that Kia could not have picked a worse time to introduce a full-size SUV.
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Max Mosley, the president of F1's governing body, has sided with the teams in a new push to prise more revenue from the sport's owners.
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A heightened sense of pessimism has enveloped the world of formula one following Honda's decision to withdraw.
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Honda's new Prius fighter in production form will be unveiled at the Detroit Auto Show next January. The Japanese company expects to globally sell 200,000 of them each year, and half of them will find homes in North America.
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The group behind the abandoned project to stage a formula one race at Disneyland Paris has urged the French prime minister to save the country's grand prix.
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New rumours about the possibility of a future formula one grand prix in Bulgaria have emerged.
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