Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash.
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Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash.
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Volkswagen should play the lead role in any merger with Porsche Automobil Holding SE, the chairman of VW said in his first public comments on talks to fuse Europe's biggest automaker with the luxury sportscar group.
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Volkswagen Chairman Ferdinand Piech favors VW CEO Martin Winterkorn over Porsche boss Wendelin Wiedeking to run a combined VW/Porsche group.
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British engineering company Tomkins said on Tuesday first-half trading was set to remain weak and that its end-markets will stay challenging throughout 2009, although the pace of decline should slow in the second-half.
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General Motors has declined to give an assurance about the future of the company's Vauxhall brand. Fiat group's plan to merge its car business with GM European operations has raised fears for the future of GM's Vauxhall unit in the U.K.
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Wheel maker Hayes Lemmerz International Inc. said on Monday it filed for Chapter 11 bankruptcy protection, the company's second bankruptcy filing over the past decade.
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Hayes Lemmerz International Inc. said on Monday it filed for Chapter 11 bankruptcy protection. The company said lenders holding a majority of its secured debt have reached an agreement regarding a restructuring of the company's debt.
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Bob Sinclair, the American marketing executive who pushed Saab to design more luxurious cars and created one of the Swedish automaker's most iconic vehicles -- the 900 Convertible -- died Sunday at his home in Santa Barbara, Calif.
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Six General Motors executives disclosed on Monday they sold almost $315,000 in stock and liquidated their remaining direct holdings in the struggling automaker. In filings with U.S.
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General Motors stock plunged to a 76-year low today, a day after a group of its executives disclosed they had sold shares in the struggling automaker.
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General Motors stock plunged to a 76-year low today, a day after a group of its executives disclosed they had sold shares in the struggling automaker.
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Visteon Corp. said in a regulatory filing on Monday that it is in discussions with lenders to restructure its debt and could be forced to file for bankruptcy protection if those efforts fail.
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General Motors plans to sell cars in the United States that it makes in China, starting in 2011. That could make GM the first major automaker to import Chinese cars to the U.S. market.
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Ford Motor Co. said today that it would sell 300 million common shares and use part of the proceeds to pay off its health-care obligations to the UAW under the terms of a recently concluded deal with the union.
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Chrysler LLC's lawyers have taken the unusual step of asking a judge to give their fees special priority, which attorneys on the case said suggests unsecured claims such as trade debts won't be paid.
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Bob Sinclair, the American marketing executive who pushed Saab to design more luxurious cars and created one of the Swedish automakers most iconic vehicles--the 900 Convertible--died on May 10 at his home in Santa Barbara, Calif.
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As predicted as the budget cap row escalates, Ferrari on Tuesday threatened to quit formula one if the FIA does not do a u-turn on its proposed rules for 2010.
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PHOENIX,-- U-Haul, the number one choice for do-it-yourself household movers, has been serving the needs of communities throughout North America since 1945. Our customers have shared many helpful tips over the years, which we would like to pass along to the estimated 17 to 20 million North Americans who will move this summer.
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Non-equal parts serious race car driver and showman, Canadian Paul Tracy says there's nothing unlucky about his 13th starting position for the Indianapolis 500.
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