Visteon Corp. said on Tuesday that lenders had granted the auto parts maker temporary waivers on credit facilities after auditors, as expected, raised significant doubt about its ability to continue as a business. Visteon, spun off by Ford Motor Co.
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Honda Motor Co. said on Tuesday it would cut production in North America by 62,000 vehicles by shutting down factories for 13 days starting in May and said it would cut pay for salaried and factory workers.
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Sonic Automotive Inc. posted a fourth-quarter loss and said auditors raised doubts about the dealership group's ability to continue as a going concern.
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Sonic Automotive Inc. said today that auditors have raised doubts about the dealership group's ability to continue as a going concern.
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Supplier Noble International Ltd., which has been kept on life support by its customers for the last month, is having its contracts with General Motors, Chrysler LLC and Ford Motor Co. transferred to other auto suppliers.
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Mercedes-Benz's AMG performance division chief, Volker Mornhinweg, offers this procedure for those who want to get the most out of the all-new 2010 E63 AMG:
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One proposed solution to prop up new-car sales in the United States involves paying bonuses to owners of older vehicles who send their cars to the scrapyard and buy new ones.
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U.S. auto sales totals for March may be weaker than those in the first two months of the year, falling below a 9 million-unit annual rate. The Detroit 3 will report declines tomorrow of more than 40 percent, analysts say.
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U.S. auto sales totals for March may be weaker than those in the first two months of the year, falling below a 9 million-unit annual rate. The Detroit 3 will report declines tomorrow of more than 40 percent, analysts say.
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General Motors CEO Fritz Henderson said today that he is ready to meet the Obama administration's mandate to restructure the company -- even if it means going into bankruptcy.
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General Motors CEO Fritz Henderson said today that he is ready to meet the Obama administration's mandate to restructure the company -- even if it means going into bankruptcy.
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General Motors CEO Fritz Henderson said today that he is ready to meet the Obama administration's mandate to restructure the company -- even if it means going into bankruptcy.
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Chrysler LLC's financial arm said today that it plans to cut 2 percent of its workforce or 70 employees.
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Chrysler LLC's financial arm said today that it plans to cut 2 percent of its work force or 70 employees.
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The 6.2-liter V8 in the 2010 Chevrolet Camaro SS cranks out 426 hp or 400 hp, depending on the transmission choice.
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The French state has agreed to invest 20 million euros in an equity stake in French metals group Farinia. It is part of the country's bid to help domestic companies weather the financial crisis.
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Theres nothing like a limited edition to strike up interest for a car. Many are nothing more than a new paint job, interior trim and an engraved plaque, while others are a bit slicker with performance modifications.
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Aston Martin is in talks with investors to raise its capital as it looks to finance growth and shield itself from the global economic downturn, but the automaker does not expect its Kuwaiti investor to sell its stake, the CEO said.
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The New York Stock Exchange has accepted Dana Holding's plan for continued listing on the exchange.
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