Sweden's Autoliv Inc., the world's biggest seatbelt and airbag maker, said today it would pay no second quarter dividend in 2009 to conserve cash as a "precautionary measure" due to turmoil in the auto industry.
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Russian car manufacturers have asked for state guarantees totaling nearly 30 billion rubles ($863 million), the Vedomosti business daily reported on Wednesday.
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General Motors is accelerating its restructuring plans for Europe and is considering "several" plant closures or spin offs. The company also says its Saab unit could file for reorganization as early as this month.
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General Motors is accelerating its restructuring plans for Europe and is considering "several" plant closures or spin offs. The company also says its Saab unit could file for reorganization as early as this month.
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General Motors is accelerating its restructuring plans for Europe and is considering "several" plant closures or spin offs. The company also says its Saab unit could file for reorganization as early as this month.
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The Canadian Auto Workers union said on Tuesday it would find cost cutting measures to remain competitive with the U.S. arms of General Motors and Chrysler LLC after the companies reached agreements in principal with the UAW.
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GKN, the UK's largest auto parts supplier, will close two components factories in England.
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Mazda North American Operations has trimmed its U.S. retail network by nearly 30 percent since 2005, CEO Jim O'Sullivan said. Mazda's U.S.
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The Canadian Auto Workers union said on Tuesday it would find cost cutting measures to remain competitive with the U.S. arms of General Motors and Chrysler LLC after the companies reached agreements in principal with the UAW.
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General Motors and Chrysler LLC included bankruptcy scenarios in the viability plans they submitted to the federal government on Tuesday -- but both companies continue to reject the option.
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Key Plastics LLC, a maker of plastic components for cars and trucks, has completed its prepackaged bankruptcy, the company said this week. In a statement posted on its Web site on Monday, Key Plastics said its reorganization plan took effect on Feb.
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Brazilian oil company Petrobras denied reports on Wednesday it was no longer interested in being involved in formula one.
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Formula 1 testing in Bahrein was the scene over the last two days of two distinct incidents that caused some confusion.
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Ford is showing attendees of the Geneva Motor Show a fresh new Ranger pickup model in stark contrast to the long-lived model available to us North Americans.
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Red Bull owner Dietrich Mateschitz has promised not to become a roadblock to Sebastian Vettel's Formula 1 title aspirations.
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Probably because the rain-shortened race missed out on the final laps that typically draw the most viewers, the Daytona 500's television ratings were down.
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Suzuki Canada has made a startling discovery. While all the other automakers established in Canada have rather bleak prospects for the future, Suzuki is riding on a wave of success. Success that Bill Porter, Suzuki's vice-president of sales and marketing, explains is namely due to a brand-new clientele just now discovering the manufacturer.
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A Williams spokesman has confirmed that the Grove, UK based team will not use a KERS system at the season opening Australian grand prix late next month.
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A source close to the Brackley based formula one team has confirmed that Virgin Group is the late bidder hoping to buy the beleaguered outfit. But Sir Richard Branson is not the only one.
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