Sweden is not prepared to consider loan guarantees to Saab unless the carmaker finds a private investor to underwrite its business plan, Industry Minister Maud Olofsson said.
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Other carmakers are among the investors who have shown interest in Saab, the brand's top executive said. Saab was granted protection from creditors by a Swedish court on Feb. 20.
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Leaked photos show both the Coupe and Roadster versions in full
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A UK consumer organisation has got a reaction after an article in its magazine suggested that SUVs are becoming 'socially unacceptable'.
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Tesla Motors has issued a teaser image of its upcoming Model S sedan which will be unveiled on March 26 at the California headquarters of founder Elon Musk's other company, Space-X, which is where Tesla's design studio is located.
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Takanobu Ito, newly named as the next president and CEO of Honda Motor Co., will redouble the company's focus on research as it grapples with a global market meltdown.
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Takanobu Ito, head of global automotive operations at Honda Motor Co., has been tapped as the carmaker's next president and CEO starting in June as the company grapples with global sales declines and a strong yen.
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Romanian carmaker Dacia plans to boost production in the coming weeks to meet demand in German for its low-cost Logan car.
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Moody's Investors Service has cut its ratings on Renault into junk territory, citing the French automaker's "significantly worse operating performance" and negative free cash flow in 2008.
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General Motors executives were surprised by the speed at which Saab filed for bankruptcy last week, leaving them with few answers for anxious U.S. Saab dealers.
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General Motors would be doomed if it were unable to get the federal aid it needs to avoid bankruptcy, said one U.S.
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Ford Motor Co. will combine the field organizations of its parts and service unit and its sales and marketing unit on Sunday, March 1. Ford will cut about 50 employees in its field offices, said Ken Czubay, Ford vice president of U.S.
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Hyundai Motor America is making its successful Hyundai Assurance sales incentive more attractive and#x2014; and has laid off about 8 percent of its U.S. headquarters and regional staff.
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With 2008's dramatic fall in industry sales, Ford Motor Co. now is classifying nearly 60 percent of its U.S. dealerships as lower-volume stores serviced by telephone rather than in-person visits from field office staff.
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If you buy a car at Bill Kolb Jr. Subaru in suburban New York, there's a good chance it will have leather seats and a sunroof. Kolb customizes 40 percent of the cars in his showroom.
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The 2010 Ford Fusion is a key to Ford Motor Co.'s bid to become an industry leader in fuel efficiency. Ford made many changes when it restyled its flagship mid-sized sedan.
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DETROIT -- General Motors' tab for keeping a pledge to pay Saab's part suppliers through until Feb. 20 will be $127 million, people familiar with GM's purchasing strategy said.
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General Motors' European brands are near collapse, with Germany's Opel in need of more state funding and Sweden rejecting Saab's plea for state aid until its business plan is sound.
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Moody's Investors Service has cut its ratings on Renault into junk territory, citing the French automaker's "significantly worse operating performance" and negative free cash flow in 2008.
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General Motors' German unit Opel will present a business plan to the German government in the coming days, heeding calls to present such a plan in order to obtain state guarantees.
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