Ford Motor Co. is giving its hourly workers another month to decide on buyout packages. Ford and the UAW decided earlier today to extend the sign-up deadline to June 26. The previous deadline was today, May 22.
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A bill to offer cash vouchers of up to $4,500 to people who swap cars and trucks for new, more fuel-efficient vehicles may be considered on the House floor as early as mid-June, a spokeswoman for Rep. Betty Sutton, D-Ohio, said today.
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Fiat S.p.A. CEO Sergio Marchionne said the outcome of his company's bid for General Motors' Opel unit was complicated by imminent German elections and it was difficult to say whether Fiat would be successful. "It's hard to say how it will end up.
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Italian car designer and contract manufacturer Pininfarina S.p.A. will launch a rights issue for up to 70 million euros ($96 million), it said in a statement on Friday.
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In today's News Brake: BMW rolls out the production version of the 5-series Grand Turismo; get ready for a high-speed Sunday; and you might find diamonds at your local Saturn store ... But Wait, There's More!
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General Motors won a cost-cutting deal from its Canadian labor union on Friday, part of a package of concessions the automaker is expected to take into a federal bankruptcy court by the end of this month in a showdown with its bondholders.
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General Motors won a cost-cutting deal from its Canadian labor union on Friday, part of a package of concessions the automaker is expected to take into a federal bankruptcy court by the end of this month in a showdown with its bondholders.
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GAZ Group has signed a 186m rouble agreement to supply 400 vans to Russia's state-owned postal service.
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The Canadian Auto Workers said it reached a tentative deal to cut costs at General Motors' Canadian operations that will pave the way for a major GM restructuring package.
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The Canadian Auto Workers said it reached a tentative deal to cut costs at General Motors' Canadian operations that will pave the way for a major GM restructuring package.
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The Canadian Auto Workers said it reached a tentative deal to cut costs at General Motors' Canadian operations that will pave the way for a major GM restructuring package.
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Porsche will take longer than expected to reach a merger agreement with Volkswagen, a Porsche spokesman said on Friday.
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Porsche will take longer than expected to reach a merger agreement with Volkswagen, a Porsche spokesman said on Friday.
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Germany's government and local states prefer the Magna bid to take over Opel, a key local official was quoted as saying after talks on the deal in Berlin on Friday.
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Ssangyong has cleared a significant hurdle in its restructuring plans today with the news that a South Korean court has given it approval to put plans into action.
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The German state of North Rhine-Westphalia cannot agree to Magna International's current plan for Opel, given the planned job cuts, the state premier said on Friday.
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The Canadian Auto Workers (CAW) union on Friday announced a tentative deal to cut costs at General Motors' Canadian operations that will pave the way for a major GM restructuring package.
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General Motors very likely will file for bankruptcy protection in the United States but the company is "trying to pull out all stops" to avoid doing the same in Canada, the Canadian Auto Workers union said on Friday.
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General Motors' biggest bondholders plan to reject the company's current offer for a 10 percent equity stake, a spokesman for the creditors said on Friday.
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