Daimler AG announced today that it has reached an agreement to unload its remaining 19.9 percent stake in Chrysler LLC. "Daimler's remaining 19.
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Daimler AG announced today that it has reached an agreement to unload its remaining 19.9 percent stake in Chrysler LLC. "Daimler's remaining 19.
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Even as it shrinks its North American product portfolio, General Motors is negotiating with Toyota Motor Corp. to determine a new GM product to be jointly produced at the automakers' 50-50 joint venture, New United Motor Manufacturing Inc.
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Volkswagen AG is temporarily halting production at its factory in Mexico, where the popular New Beetle is produced, due to weaker global demand.
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Volkswagen AG is temporarily halting production at its factory in Mexico, where the popular New Beetle is produced, due to weaker global demand.
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General Motors plans to contact owners of about 1,000 dealerships starting in May to notify them that their franchise agreement will not be renewed in 2010, a GM executive says.
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General Motors expects to lay claim to as much as $1.5 billion in additional supplier bailout funds to go along with $2 billion already approved. In its revised restructuring plan, GM also said former parts unit Delphi Corp.
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General Motors expects its standalone Pontiac dealerships to sell their entire inventories by the first quarter of next year. GM has 35 standalone Pontiac stores in the United States with combined inventory of just 1,500 units.
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Even as it shrinks its North American product portfolio, General Motors is negotiating with Toyota Motor Corp. to determine a new GM product to be jointly produced at the automakers' 50-50 joint venture, New United Motor Manufacturing Inc.
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General Motors has no plans to scrap its Vauxhall brand, says CEO Fritz Henderson.
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In today's News Brake: GM slams the brakes on Pontiac and Saturn; Aston Martin's One-77 is an award winner; and Mercedes-Benz and BMW think about bringing four-cylinder engines back to the U.S. market ... But Wait, There's More!
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Autobytel Inc.'s board is recommending stockholders reject a buyout offer from Trilogy Enterprises Inc., calling the cash offer of 35 cents per share "grossly inadequate." In a statement filed today to the U.S.
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General Motors announced a new restructuring plan Monday that includes aggressive debt reductions, dealership closures and job cuts. Here are details of the automaker's accelerated steps:
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I realize theres little room for sentimentality in todays cutthroat world of the automotive business, especially in a recession.
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General Motors CEO Fritz Henderson says he plans to make changes the automaker's top leadership. "We're going to be looking at how we run the company.
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General Motors CEO Fritz Henderson says he plans to make changes the automaker's top leadership. "We're going to be looking at how we run the company.
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General Motors' bid to reduce debt with a bond-exchange offer is destined to fail, an analyst at credit research firm KDP Investment Advisors Inc. said.
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The Russian car market could fall by 60% this year, according to a Russia government minister's reported remarks.
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