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May
28th

NETHERLANDS: GM Europe dealers renew shareholding offer

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In light of the need for an additional EUR300m in financing that has just been estimated for Opel, the European association of around 4,000 dealers, Euroda, has renewed its offer for dealer shareholding in a future Opel/Vauxhall corporation. Full story...
May
28th

US: GM, Treasury, sweeten bondholder offer

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General Motors and the US Treasury on Thursday made an improved equity exchange offer to bondholders with US$27bn (GBP16.9bn) in debt intended to pave the way for a quick bankruptcy process for the automaker. Under the proposed deal, which GM said was supported by creditors representing about 20% of its debt, bondholders would be offered 10% of a reorganised company and given warrants to purchase another 15%. Full story...
May
28th

German minister recruits Clinton to help with Opel

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German Foreign Minister Frank-Walter Steinmeier said on Thursday he got assurances from U.S. Secretary of State Hillary Clinton that she would push for U.S. support to find a solution for General Motors Opel unit. Full story...
May
28th

US: Lower costs help Eaton meet guidance

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Eaton is counting on lower expenses to help the company meet its 2009 earnings guidance in the midst of a decline in demand from the automotive industry and other major markets, chairman and CEO Alexander Cutler has said. Full story...
May
28th

2009 Sneak Preview: New and Future Ford Cars

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2009 Sneak Preview: New and Future Ford Cars
New and Future Ford Cars - 2009 Sneak Preview - Automobile Magazine
The Raptor needs to be experienced first-hand, because there's simply nothing else like it on the market-and there may never be again.

Just like you, we always want to know what's coming next from Detroit, Tokyo, Stuttgart, Munich, Los Angeles, and all the other places where automotive engineers and designers dream and scheme on our behalf. Car companies, of course, are loath to share information on new products lest their competitors try to copy them--or you decide not to buy the cars they already have on dealer lots. Car companies, though, are simply groups of people, and some of them have a hard time keeping secrets. So, we poke, we prod, we cajole, and we uncover information that becomes the basis for our annual Sneak Preview issue. As always, some of our information is educated guesswork based on hints, insinuations, hunches. Make no mistake, though, these cars are on their way, even though details may change. Ladies and gentlemen: our list of 136 cars coming over the next few years...


Photo Gallery: New and Future Ford Cars - 2009 Sneak Preview - Automobile Magazine


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May
28th

Review: 2010 Volkswagen Golf GTI

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Review: 2010 Volkswagen Golf GTI
2010 Volkswagen Golf GTI - 2009 Sneak Preview Review - Automobile Magazine
Our prayers are answered.

Recent developments at Volkswagen have sent some enthusiasts praying for their beloved brand. A sacrilegious VW badge on a Chrysler minivan and plans for watered-down, cost-cut, U.S.-specific models are an effort to attain VW's ludicrously optimistic U.S. sales target of 800,000 cars per year. But those cars come at the risk of undermining Volkswagen's brand image - that of a premium, sporty product with superior driving dynamics.


Photo Gallery: 2010 Volkswagen Golf GTI - 2009 Sneak Preview Review - Automobile Magazine


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May
28th

US: Chrysler bankruptcy hearing in second day

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A US bankruptcy court is today (28 May) holding a second and possibly decisive day of hearings on Chrysler's bid for revival as a Fiat partner. Full story...
May
28th

ITALY: Fiat chief heads back to US

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Fiat CEO Sergio Marchionne has headed back to the United States to discuss issues concerning Chrysler, a source at the industrial group told Reuters on Thursday. Full story...
May
28th

Ford Fiesta with 800bhp

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Rallycross-adapted Fiesta with 800bhp will compete at Pike's Peak hillclimb this July


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May
28th

US: GM pays workers, suppliers, early

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General Motors paid about 90,000 US employees three days early this week in an effort to reassure them that their wage payments would not be affected by any bankruptcy filing, a spokesman has said. Full story...
May
28th

Metaldyne files Chapter 11, has deal to sell most assets

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Metaldyne Corp. filed for Chapter 11 bankruptcy late Wednesday and plans to sell most of its assets to two private equity firms. Metaldyne, which posted revenue of about $1. Full story...
May
28th

Mitsubishi Evo X FQ400

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Most powerful Evo X to date gets 397bhp and a meaner new look


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May
28th

Driving Chevy’s Volt isn’t special, and that’s good:

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We've had our first taste of the drive system under development for General Motors' pioneering Chevrolet Volt, piloting a test mule based on the Chevrolet Cruze at the company's Warren (Mich.) Technical Center, and it left us hungering for more. Full story...
May
28th

Driving the Chevy Volt isn’t special, and that’s good:

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We've had our first taste of the drive system under development for General Motors' pioneering Chevrolet Volt, piloting a test mule based on the Chevrolet Cruze at the company's Warren (Mich.) Technical Center, and it left us hungering for more. Full story...
May
28th

Mitsubishi Evo X FQ-400

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Most powerful Evo X to date gets 397bhp and a meaner new look


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May
28th

Chrysler hearings over Fiat sale enter second day

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Chrysler LLC returns to bankruptcy court today for the likely approval of the sale of most of its operations to a group that includes Fiat, although hundreds of objections were still scheduled to be heard. Full story...
May
28th

U.K. government under fire over Vauxhall’s fate

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Unions accused the British government on Thursday of not doing enough to protect nearly 5,000 British jobs at General Motors U.K. brand Vauxhall. Full story...
May
28th

Chrysler’s Nardelli says Fiat deal to close Friday

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Chrysler LLC expects to close its sale of most assets to Fiat as early as Friday, CEO Robert Nardelli told the bankruptcy court that is considering whether to approve the transaction. Full story...
May
28th

Chrysler’s Nardelli says Fiat deal to close Friday, in apparent surprise

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Chrysler LLC expects to close its sale of most assets to Fiat as early as Friday, CEO Robert Nardelli told the bankruptcy court that is considering whether to approve the transaction. Full story...
May
28th

BMW 1-Series

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Exclusive spy shots reveal BMW's all-new Audi A3 challenger


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