Conceding that some of its U.S. suppliers may be too financially troubled to build their own parts plants, Volkswagen AG is seeking help from an unlikely source: real estate investors.
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Chrysler LLC's 16,000 nonunion retirees and their spouses, who claim that their health benefits are in jeopardy, will get committee representation in bankruptcy court, a judge ruled today.
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The U.S. Treasury Department said today Chrysler LLC reduced the amount of debtor-in-possession financing to $3.034 billion from $3.340 billion. Chrysler filed for bankruptcy in New York on April 30.
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In today's News Brake: As part of an exclusive interview with AutoWeek, GM CEO Fritz Henderson talks about an opening for a small car in the Cadillac or Buick lineup; demand for the Camaro prompts GM to add to the work schedule at the...
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South Africa's new vehicle sales plunged by 43.1% year-on-year to 24,063 units in April according to data released by the National Association of Automobile Manufacturers (NAAMSA).
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For Lexus fans who can't afford the sleek SC convertible -- or can't wait for its long-overdue model change -- Toyota's premium brand is rolling out a new entry-level IS pop-top. The Lexus IS 250C, which debuted today in Japan, reaches U.S.
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Ford is running due diligence on the remaining bidders for Volvo Car, and a buyer could be announced by the end of this month or next, two sources familiar with the matter have said.
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GM wants to cooperate on new cars with whoever buys a stake in its European business, Chief Financial Officer Ray Young said. and#8220;We would like a party that wants to grow the Opel and Vauxhall brands.
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Auto-parts supplier Dana Holding Corp. posted a first-quarter net loss of $160 million as vehicle production plunged amid a continued global recession.
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Four generations of SEAT's Ibiza, the car described by design chief Luc Donckerwolke as "our icon" took to the stage at the Barcelona show to mark 25 years since the first Ibiza - with Porsche-designed engine - was launched.
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Any moves by European governments to stimulate demand were welcome, Land Rover managing director Phil Popham said in Barcelona today.
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Seat's quality drive under outgoing boss Eric Schmitt is paying dividends. There's been a 65% improvement in reliability between 2007and 2008, he told reporters at the Barcelona motor show today.
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General Motors is engaged in due diligence on about 10 bidders for Saab, after the first round of bids for the Swedish brand attracted Chinese automakers, European investor groups and private equity firms, a media report said.
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Renault board chairman Louis Schweitzer has reliinquished the post, the automaker said today.
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General Motors Europe lost $2 billion (1.5 billion euros) in its first three months of 2009 after its revenues almost halved, the company said today. GM Europe's revenues fell to $5.3 billion from $9.
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General Motors is very concerned about potential lost sales if the automaker files for bankruptcy and wants a very quick process if it goes that route, CFO Ray Young said.
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STUTTGART May 7 (Reuters) -- Daimler AG's inventory of unsold Mercedes-Benz luxury cars dropped dramatically in April, although the brand's sales posted a sharp 23 percent fall to 80,700 vehicles during the month.
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Renault announced Thursday that its Romanian subsidiary Dacia would begin selling the low-cost Sandero Stepway crossover in Europe starting in September.
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