The squabbling cousins who run Porsche and Volkswagen appeared to have made peace on Tuesday, agreeing to work together once more toward a combination of the two German carmakers.
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The squabbling cousins who run Porsche and Volkswagen appeared to have made peace on Tuesday, agreeing to work together once more toward a combination of the two German carmakers.
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In today's News Brake: President Obama wants to raise fuel-economy mandates, and automakers are OK with that; Cadillac scores high on a satisfaction survey; and we get a glimpse of the Ghost ... But Wait, There's More!
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Despite changes being announced by president Obama today (19 May) to the Corporate Average Fuel Economy (CAFE) regulations, intended to encourage automakers to build and sell more fuel efficient cars, fundamental problems with CAFE remain, according to Emunds.com.
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Some dealers axed by Chrysler were reported to be readying a court challenge although it was unclear how much they would succeed.
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Stricter U.S. fuel economy standards announced today may hurt auto-parts suppliers with the strongest ties to truck-dependent Detroit automakers. Companies like American Axle and Manufacturing, Lear Corp.
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Audi's compact SUV is fitted with tuned version of the S4's supercharged V6
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Italy's government has said Fiat must commit to keeping all five of its car plants in Italy if it goes ahead with an Opel takeover, media reports said on Tuesday.
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US investment fund Ripplewood is ready to make a bid for Opel, bringing the number of potential investors to three, German daily Bild reported on Tuesday.
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German public banks have agreed with the German government to extend temporary financing to General Motors' European unit, Opel, during efforts to shift it to new ownership, Berlin sources said Tuesday.
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The German government has agreed with a group of banks on a way to provide bridge financing for General Motors' unit Opel in case it is needed, the European Investment Bank (EIB) said.
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Continental has postponed a decision on shutting down a truck tyre plant in its home base of Hanover, the company and worker representatives said on Tuesday.
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Nissan Motor Co. said on Tuesday orders for its eco-friendly cars are up 30 percent in Japan so far in May from the same period a year earlier, helped by the government's new tax incentives for low-emission cars.
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Saab has asked reorganisation judges at the Vaenersborg district court in southwestern Sweden for an additional three months to reorganise its operations, one day before a similar such period granted in February expired.
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It’s the most expensive car ever to sell at auction. This black 1957 Ferrari 250 Testa Rossa has just been bought at the famous Leggenda e Passione auction in Maranello by an unknown bidder.
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Swedish concept aims to prove battery-powered cars can compete at the pinnacle of motorsport
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Volkswagen engineers have put the Touareg on a diet as they prepare the next generation of the SUV for a 2010 launch as a 2011 model.
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Daimler AG has acquired an equity stake of nearly 10 percent of California electric car maker Tesla Motors Inc., the German automaker said Tuesday.
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Daimler on Tuesday said it had acquired an equity stake of nearly 10% of California-based electric sportscar maker Tesla Motors.
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