The UAW has agreed not to strike Chrysler LLC until September 2015. The Detroit automaker has extended its contract with the union, according to documents filed yesterday in U.S. Bankruptcy Court in New York.
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It's not about cars so much as it's about art. Or it's about cars imitating art. Or vice versa. The car as canvas.
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A potential Magna International offer for General Motors' European assets is seen as viable at GM in the US, people 'familiar with the situation' have said.
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Canada's minister in charge of the motor industry will meet with top US officials in Washington next week to assess progress on General Motors' restructuring plans, he said on Tuesday.
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A pension shortfall of more than C$7bn is a major barrier to a cost-cutting deal between the Canadian Auto Workers (CAW) union and General Motors of Canada, a newspaper reported on Wednesday. Full story…
Magna International and Russian state lender OAO Sberbank are combining to bid for a majority stake in Opel, German newspaper Handelsblatt said on Wednesday, citing unnamed sources.
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The European Investment Bank (EIB) has approved EUR750m (US$1.02bn) in loans to European Union carmakers to invest in environment-friendly technologies.
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Hyundai Mobis is in talks with BMW and Volkswagen which could result in the first supply deal between a South Korean company and German carmakers.
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Toyota Motor on Wednesday said it expects to cut global vehicle production 28% this year as the economic downturn continues to bite.
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Fiat union officials, who fear job losses if the company pushes ahead with plans to buy GM Europe's Opel and Vauxhall operations, are meeting with their German counterparts to discuss the situation.
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Chinese automaker Chery is considering spending $700m on a manufacturing facility in Brazil as part of its strategic decision to grow the brand here this year.
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New Astra and Calibra revealed, Auto Express Product Awards 2009 - the winners, Barcelona Motor Show round-up
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London car show is axed due to economic downturn – but organisers say it could return in 2012
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Get a load of Ford’s new Fiesta Van! This is the flagship Sportvan model, which is based on the top-spec Zetec-S supermini.
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"The only part of the Astra which isn't new is its name," said Vauxhall marketing director Andy Gilson as the General Motors Europe UK unit released first pictures of the redesigned C-segment model today.
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A number of GM executives have liquidated their remaining GM stock, helping to send the GM share price down to new depths.
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Engineering and automotive consultancy Ricardo cut its view for full-year earnings on Tuesday, blaming market conditions.
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German supplier Schaeffler provoked an angry response from powerful trade union IG Metall on Wednesday when it announced that it may have to cut 4,500 jobs as the global slump eats into sales.
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GM will come out fighting at the Detroit SHow despite recent troubles.
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Iconic British brand in talks with government over possible bail-out plan.
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