Head of McLaren reveals his plans on day of MP4-24 launch
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General Motors has said it is talking financial issues with bankrupt former parts unit Delphi as part of its own restructuring plan.
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European Union state aid rules should be used in a flexible nature in order to boost the EU's car industry, a leading financial figure said today.
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The wraps come off Woking firm's 2009 F1 car – as McLaren boss Ron Dennis quits...
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General Motors has said it sees 2009 US vehicle sales plunging to their lowest level for 27 years and has trimmed its forecast to match.
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The Latin American, African and Middle Eastern businesses of General Motors delivered some well-needed good news for the US motor giant today by reporting record sales levels and growth of 3.2% in 2008 over the previous year
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The U.S. Treasury Department granted $1.5 billion to a new arm of Chrysler Financial Services LLC so it can boost lending to vehicle buyers. The five-year loan carries a flexible interest rate.
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Chrysler LLC's national dealer council met here this week amid reports that Chrysler Financial was about to receive a chunk of money from the U.S. Department of the Treasury. Chrysler Financial seeks $1.
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TRW Automotive US on Friday said it had acquired Michelin North America's stake in the EnTire Solutions joint venture.
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Subaru car maker Fuji Heavy Industries expects to post a loss for the fiscal year 2008 ending on 31 March.
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European Union governments agreed on Friday to step up help for their straitened carmakers but called for a coordinated response to avoid a race for subsidies among the bloc's 27 nations. Officials also sought early talks with the new U.S.
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Volvo, the Swedish unit of Ford Motor Co., will not participate in the Tokyo Motor Show this fall.
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Several Japanese automakers pulled out of the Detroit show and the Detroit Three have all now confirmed none will attend this year's Tokyo show in October.
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TOKYO -- General Motors' business soured in the United States in 2008, but in Japan, it's been downhill for more than a decade. This year, GM is even pulling out of the Tokyo auto show.
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Johnson Controls on Friday reported a first quarter fiscal year loss of US$608m on sales of $7.3bn.
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The British magazine Car reports that Audi's top executives have approved plans for an entire range of environmentally friendly vehicles to be launched over the next six years.
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Last week I, quite deliberately, did not write my usual 'wrap' of the week's events. Who needs all the bad news recycled? This week, a reality check, as plant shutdowns got extended and more axes were taken to production schedules. Time to face facts, buckle up, and accept there's probably more - a lot more - to come.
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We know that the humor can get a little crude on late-night TV--just ask any fan of "Aqua Teen Hunger Force."
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PSA Peugeot Citroen will be extending forced holiday leave for 2,600 workers in Brazil for thirty days.
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Harry Stoffer, Automotive News
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