General Motors has not achieved as many buyout or early retirement acceptances as it needs.
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Automotive brakes maker Pacifica Group, controlled by Bosch, expects the crisis in the automotive industry to worsen in 2009, after a dreadful year in 2008.
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Forecasters are predicting that the March sales figures for the US market will make for grim reading.
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The Canadian Auto Workers union said on Friday it had not yet struck a cost-saving deal with automaker Chrysler LLC, but that it would remain in talks until March 31.
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Chrysler LLC and the Canadian Auto Workers union are still "far apart" in negotiations to reach a cost-saving deal to help the company qualify for government aid, the head of the union said today.
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I guess one of the highlights of the week was the launch of surely one of the most-hyped new cars in recent times, Tata's Nano. As any major new model seems to get about three launches these days - the 'first official photo' press release, the 'international press event' and the local market launches - who's to blame Tata, which first revealed the car at the Delhi show way back in January, 2008?
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General Motors will halt Cadillac sales in more than half of the brand's European markets following the collapse of its regional distributor.
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South Korea president Lee Myung-bak has urged the country's automakers to do everything they can to overcome the economic slowdown before seeking government assistance.
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Spy photographer Brenda Priddy serves up a fresh look at the Ferrari F450, the car set to replace the F430 in Ferrari's lineup later this year.
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Spy photographer Brenda Priddy serves up a fresh look at the Ferrari F450, the car set to replace the F430 in Ferrari's lineup later this year.
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Spy photographer Brenda Priddy serves up a fresh look at the Ferrari F450, the car set to replace the F430 in Ferrari's lineup later this year.
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Fisker Automotive has chosen its first 27 retailers, including dealership groups led by John Bergstrom and Ron Tonkin, as part of the automakers effort to build a boutique of low-volume green cars with price tags approaching $100,000.
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German supplier Grammer Group has cut 20 percent of its global workforce following a slump in business from its automaker customers, the company said.
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A former Cadillac executive is now in charge of ensuring that Infiniti's marketing messages are strong and consistent as the brand goes global.
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The White House on Friday will boost fuel-economy standards for light vehicles to 27.3 mpg for 2011, media reports said.
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Fuel-economy standards for all light vehicles will rise 8 percent, to an average of 27.3 mpg for the 2011 model year, under new U.S. rules issued on Friday.
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Fuel-economy standards for all light vehicles will rise 8 percent, to an average of 27.3 mpg for the 2011 model year, under new U.S. rules issued on Friday.
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Johnson Controls Inc. said today it will reduce its work force and close 10 plants as part of a new round of restructuring. The parts maker also will take a pre-tax charge of up to $215 million, to be taken in the second quarter ending March 31
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Electric car specialist Tesla Motors has unveiled its second production model in addition to its Roadster. The 'Model S' is described as a family sedan that carries seven people, travels 300 miles per charge and will sell at just under US$50,000 - with production planned to begin in 2011.
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Continental's supervisory board today elected lawyer Rolf Koerfer as its chairman. Koerfer, 51, is an adviser to the Schaeffler Group, which in January completed a hostile takeover of the tire and automotive components supplier.
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