The Porsche and Piech families, owners of automaker Porsche and controller of Volkswagen, said on Tuesday that they will create a management unit to oversee all 10 of their auto brands.
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I am extremely puzzled by the dealership cutbacks considered a solution to problems facing the auto industry in general and specifically to General Motors.
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In today's News Brake: GM CEO Fritz Henderson talks about filling out the Chevrolet lineup; GM stockholders are about to see the value drop to 1 penny per share; and Ford's small car plans come into Focus ... But Wait, There's More!
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Renault-Nissan is talking to General Motors about buying GM's Saturn line, according to two different published reports today.
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Porsche Automobil Holding SE and its Volkswagen unit will create an integrated carmaking group that unites 10 brands under one roof, Porsche said today.
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Porsche Automobil Holding SE and its Volkswagen unit will create an integrated carmaking group that unites 10 brands under one roof, Porsche said today.
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Porsche Automobil Holding SE halted attempts to take over partner Volkswagen AG and instead agreed to explore a merger with Europe's biggest automaker.
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Porsche Automobil Holding SE halted attempts to take over partner Volkswagen AG and instead agreed to explore a merger with Europe's biggest automaker.
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The future of the Chevrolet Corvette is secure, General Motors CEO Fritz Henderson says, even as GM dramatically slashes its size and costs.
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TRW has reported that, excluding special items, its first-quarter net loss was $115m, which compares to net earnings of $102m in the same period last year.
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ArvinMeritor has reported a $52m loss for the quarter ended March 31. That compares with net income of $24m in the same quarter of last year.
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Chrysler LLC today provided further details on its plans to close plants that will not be part of a new Fiat-Chrysler alliance.
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For roughly two and a half years, Chrysler LLC co-President Tom LaSorda has been peddling his company. He met with other automakers in search of a partner or a buyer for Chrysler -- in whole or part.
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German auto parts group Continental said on Wednesday it was ready to hold talks with a Dubai-based firm on selling a French plant it plans to shut, which could bring an end to France's most high-profile industrial dispute.
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A South Korean court has said cash-strapped Ssangyong Motor had the potential to be rescued, sending its shares up by the daily limit.
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Nissan Motor wants a further JPY100bn (US$1.01bn) from the emergency government loan fund to help Japanese firms cope with the global economic crisis, a newspaper report said on Wednesday.
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Chrysler explorations of potential joint ventures before reaching last week's alliance deal with Fiat got as far as an initial agreement to rebadge a Kia vehicle as a Dodge for US sale, a Chrysler official has said.
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Ford's car joint venture in China sold 33% more vehicles in April than a year earlier, the Chinese partner said on Wednesday.
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Magna International Inc., North America's largest parts supplier by revenue, reported a quarterly loss today, as the global auto slump undercut demand for its products.
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