Fiat's CEO has flown to Detroit to meet Chrysler LLC's unions and creditors after U.S. authorities gave the carmakers 30 days to set up a partnership to save Chrysler. Sergio Marchionne flew late on Monday to Detroit after U.S.
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Fiat's CEO has flown to Chrysler LLC's home town of Detroit to meet trade unions and creditors after U.S. authorities gave the carmakers 30 days to set up a partnership to save Chrysler. Sergio Marchionne flew late on Monday to Detroit after U.S.
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Fiat's CEO has flown to Detroit to meet Chrysler LLC's unions and creditors after U.S. authorities gave the carmakers 30 days to set up a partnership to save Chrysler. Sergio Marchionne flew late on Monday to Detroit after U.S.
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Germany's Chancellor Angela Merkel today pledged to find a solution for General Motors's financially troubled Opel unit.
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President asks Rick Wagoner to step down and calls for better restructuring plans before any more hand-outs
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Volkswagen AG sees enormous potential in India despite the current economic slowdown, a senior official said on Tuesday.
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Prototype caught on test debuting new LED technology.
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America's biggest automaker described last night's auto industry announcement by president Obama as beginning "a new era for the US auto industry" [which] also marks a defining moment in the history of General Motors" and acknowledged its final restructuring could include a "court-supervised process".
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Chinese automakers are still not big enough to take over their troubled foreign rivals despite their global ambitions, analysts and company officials have said.
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Beijing Benz-DaimlerChrysler Automotive (BBD), a joint venture between Daimler and Beijing Automotive Industry Holding, will receive RMB 6.7bn (US$982m) from Daimler as compensation for capital and operation losses caused by the splitting of Daimler and Chrysler, China Business News reported.
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Dongfeng Motor Company's Nissan JV has begun a national recall of 5,014 Sunny sedans due to suspension flaws.
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SAIC-GM-Wuling Automobile has begun making engines at its new Qingdao plant.
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There are private investors potentially interested in taking a stake in General Motors' German unit Opel, economy minister Karl-Theodor zu Guttenberg said.
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German Economy Minister Karl-Theodor zu Guttenberg said today there are private investors potentially interested in taking a stake in General Motors' German carmaker Opel.
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Germany's Deputy Chancellor Frank-Walter Steinmeier wants European governments to bail out General Motors' Opel brand by taking a stake of up to 29 percent in the struggling carmaker.
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Porsche Automobile Holding SE landed a 6.84 billion euro ($8.99 billion) windfall from its share options in Volkswagen during the first half, lifting its pretax profit to more than twice its revenue.
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General Motors is postponing a decision on the fate of its Hummer brand for a "few weeks" as it works to complete a sale.
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French banks and automakers that have benefited from government bailouts in the economic crisis will have to scrap stock option grants until at least the end of next year, Prime Minister Francois Fillon said today.
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The Canadian government said on Monday it has to consider the possibility of a court supervised restructuring for the Canadian arms of GM and Chrysler.
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Rick Wagoner, late of General Motors, never saw the ax coming. When he arrived at the U.S.
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