New-car sales fell steeply in major European markets including Spain, Italy and France during November. In Spain, sales dropped 49.6 percent to 63,068 units compared with a year earlier.
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Spanish car sales fell 49.6 percent in November, marking the biggest fall in nearly 16 years as Spaniards slashed spending amid credit restrictions and soaring unemployment, industry data showed on Monday.
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General Motors and Ford Motor have approached the Swedish government about aid for their Saab and Volvo car units, the Financial Times said on Monday.
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Spanish car sales fell 49.6 percent in November, marking the largest fall in seven straight months of decline amid credit restrictions and a collapse in consumer spending, car-industry group ANFAC said on Monday.
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Italian industrial group Fiat will make profits next year even if its revenues fall as much as 20 percent, Fiat Deputy Chairman John Elkann was quoted as saying on Sunday, in line with the group's forecasts.
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The board of General Motors met on Sunday to review a restructuring plan intended to cut costs and win support for up to $12 billion in emergency funding from the U.S. government, a person familiar with the deliberations said.
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Through October, about 700 automobile dealers in the United States have gone out of business this year. Ford dealer Donna Todd is desperately hoping she won't be next.
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General Motors is asking dealers to order more vehicles to earn incentive cash but with a provision the automaker says is designed to balance dealer inventories.
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Automotive News and the Association of Finance and#38; Insurance Professionals are hosting a two-day conference May 6 and 7 and#x2014; and delivering it to your computer.
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Tim Sunburg could see that things were coming undone at Denny Hecker Automotive Group back in mid-October. Sunburg, a service adviser at Hecker's Ford dealership in Monticello, Minn.
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The Lincoln MKZ was restyled and re-engineered for the 2010 model year. The most striking change is the large split grille with tall vertical fins, key elements of Lincoln's new design language.
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As the Detroit 3 plead for federal loans, Asian and European competitors continue investing in the United States. Even in another market downturn, they are building assembly plants in a relentless search for new and growing segments.
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As GM's cash cushion shrinks, suppliers who are nervous about GM's ability to pay rely on trade credit insurance and#x2014; a policy that guarantees suppliers will be paid for delivered parts if their customer, the automaker, defaults.
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Automakers are whacking TV commercials, events and other spending as they urgently cut marketing costs to conserve cash.
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Before voting on aid to ailing automakers, Republicans in the Senate will take aim at the UAW and some benefits that many Americans find excessive. Sen. Kit Bond, R-Mo.
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Financing for credit-challenged customers is much harder to find in today's credit-starved market, but determined dealerships are still getting financing for some subprime customers.
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Nova Scotia municipalities and community groups that have ideas for more environmental-friendly transportation projects can now get some financial help. The government has announced that grants are available for rural communities that have green transportation projects. The deadline for applications is December 22nd.
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For the 2009 DTM season, Audi wants no less than to become the first automobile manufacturer in the history of 'New DTM' to succeed in winning a title for a third consecutive time; having secure the championship in 2007 and 2008.
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Gerhard Berger could be set for a rapid return to formula one, mere days after it was announced he has pulled his 50 per cent share out of the Toro Rosso team.
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Sidestepping blame for the axe of the Canadian grand prix, Bernie Ecclestone insists governments did not do enough to save the Montreal race.
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