In a rare move these days, General Motors has told the federal task force on the automotive industry that it will not need $2 billion in loans this month. But GM still thinks it will need the full $22.
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In a rare move these days, General Motors has told the federal task force on the automotive industry that it will not need $2 billion in loans this month. But GM still thinks it will need the full $22.
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What do you do when AutoWeek calls you, offers up a 2010 Ford Mustang GT convertible and asks you to drive to Panama City, Fla., to soak up spring break? Well, photographer Andrew Trahan and I said yes immediately.
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One of the last things we expect to see is a Mini towing around a 22-foot Airstream trailer, but that's exactly what will be on display in Milan, Italy, at the Salone del Mobile show in April.
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ACEA, the European carmakers' association, has welcomed the EUR3bn in loans freed today by the European Investment Bank (EIB) to finance automotive projects, most of them concerning 'green' investments
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Germany overtook the U.K. in February to become Ford of Europe's biggest European sales market, the company said today. Ford sold nearly 10,000 more cars in Germany than in the U.K. last month.
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Germany overtook the U.K. in February to become Ford of Europe's biggest European sales market, the company said today. Ford sold nearly 10,000 more cars in Germany than in the U.K. last month.
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Nestled at the foot of the San Jacinto Mountains, the second-annual Desert Classic Concours d' Elegance in Palm Springs, Calif.
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Despite what it termed 'the dramatic deterioration in its business environment', the Volkswagen Group has said it met its unit sales, sales revenue and earnings targets last year and recorded the best figures in its history.
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Opel dealers have said they are prepared to take a levy from every vehicle sold towards a fund to help GM Europe survive its financial crisis.
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A U.S. Bankruptcy Court judge has affirmed auto parts maker Delphi Corp.'s right to end health care benefits for non-union retirees, rejecting objections from a committee representing the group.
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When even the mighty Toyota is popping out numbers that show 2008 as a year of red ink, it would have been rude to do anything other than show up for Audi's triumphal 2008 results conference in Ingolstadt this week.
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Volvo is cutting production at factories in Sweden and Belgium by 76 days this year. Volvo will halt production for 45 days at its car-assembly plant in Torslanda, Sweden.
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BMW has reported 2008 financial results substantially dented by the economic crisis that intensified in the final quarter.
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The European Investment Bank is lending Europe's car and truck makers 3 billion euros ($3.8 billion) -- mainly to help develop greener vehicles.
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Telecommunications firm AT&T has said it will spend US$565m over ten years to replace or buy about 15,000 vehicles in its corporate fleet, aiming to renew with vehicles that run on alternative fuels.
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Fiat's seven-year reign as Brazil's No. 1 seller of new vehicles is at risk.
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Vehicle production in Turkey fell by 63% in January-February compared with a year ago as the international economic crisis hit both domestic sales and exports.
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GM Europe has reportedly obtained a loan guarantee from the Spanish government but still needs a loan guarantee from Germany.
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