DETROIT, April 1 (Reuters) -- Changes to General Motors' contract with the UAW could save the automaker $1.1 billion or more a year in hourly labor costs, GM said in a report to the U.S. Treasury Department released today.
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"Cash-for-clunkers" legislation to offer vouchers to people who trade in old cars for new fuel-efficient models got a boost Monday from President Barack Obama's endorsement of the concept.
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Bankrupt auto parts supplier Delphi Corp. will sell its brakes and its suspension businesses to BeijingWest Industries Inc. of China for $90 million, according to court documents.
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Toyota's Scion brand has been busy overhauling its lineup over the past year. We've gotten a reworked xB and the new xD.
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Theres been no shortage of levity today in the auto world--a welcome relief from the daily dirge. Just for laughs, lets run through a few:
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Russia's SOK Group has confirmed that production at carmaker IzhAvto could be halted soon, ITAR-TASS reported. Exchange rate problems have compounded difficulties arising from a collapse in the Russian car market.
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Canadian Auto Workers union President Ken Lewenza said he still sees the deal reached with General Motors of Canada as the pattern agreement for the restructuring of the country's top automakers and said it was "outlandish" to consider revisiting...
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Volvo Car Corporation has today appointed Peter Horbury as new Vice President of Design. He replaces Steve Mattin, who has elected to leave the company.
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Japanese sales of new motor vehicles dropped 31.5% in March from a year earlier to 323,063 units, due to a severe auto slump caused by the economic recession, an industry body said Wednesday.
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Honda Motor said on Wednesday it would suspend production at its North American factories for several days in each of three to five months from May to reduce inventory amid poor car sales in the region.
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The decline in Spanish car sales eased to 38.7% year on year in March after a 48.8% drop in Februrary, Spanish car manufacturers' association ANFAC reported on Wednesday.
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The tax write-off passed by Congress in February and mentioned Monday by President Barack Obama is helping dealers close some new-car sales, says National Automobile Dealers Association spokesman David Hyatt.
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Visteon Corporation has reached agreements with its lenders for temporary waivers and amendments to its primary secured credit facilities while continuing to address its capital structure, the company said.
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Ford Motor Co. has idled production of its F-150 pickup truck for three weeks at its assembly plant in Kansas City due to slow demand, a spokeswoman said today.
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Ford Motor Co. said U.S. light-vehicle sales plunged 42 percent in March, kicking off what analysts projected to be the industry's sixth straight monthly decline of more than 30 percent.
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Ford Motor Co., American Honda and Nissan North America all posted sharp drops in U.S. sales in March, pushing the industry towards its sixth straight monthly decline of more than 30 percent. Ford's sales fell 42.1 percent, Nissan dropped 37.
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Ford Motor Co. and General Motors posted the sharpest sales declines among major automakers as the industry headed toward its sixth straight monthly drop of more than 30 percent. Ford's March sales fell 42.1 percent and GM's were down 44.
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Ford Motor Co. and General Motors posted the sharpest declines among the major automakers as U.S. sales fell 36.8 percent in March. Ford's sales dropped 42.1 percent and GM's 44.7 percent. Chrysler LLC sales tumbled 39.3 percent.
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Ford Motor Co. and General Motors posted the sharpest declines among the major automakers as U.S. sales fell 36.8 percent in March. Ford's sales dropped 42.1 percent and GM's 44.7 percent. Chrysler LLC sales tumbled 39.3 percent.
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