A decision by GM on whether to sell a controlling stake in Opel and Vauxhall to parts maker Magna International or investment company RHJ International is still some way off, Opel Task Force member Thomas Schaefer told Reuters.
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Continental's embattled CEO Karl-Thomas Neumann is expected to be ousted at a supervisory board meeting on 12 August.
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Audi said on Friday that it now has cash reserves totaling more than EUR9.7bn (US$13.7bn), up from EUR9.3bn at the end of December.
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Toyota Motor is likely to report a lower loss for this business year than originally forecast, a Japanese broadcaster said.
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Audi's cash pile grew over the first half of the year, and now accounts for nearly 80 percent of parent Volkswagen's war chest. The premium carmaker said on Friday its net liquidity rose to more than 9.7 billion euros ($13.
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Audi's cash pile grew over the first half of the year, and now accounts for nearly 80 percent of parent Volkswagen's war chest. The premium carmaker said on Friday its net liquidity rose to more than 9.7 billion euros ($13.
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BMW set to introduce two new hybrids at Frankfurt Motor Show
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Continental AG's controlling shareholder Schaeffler Group has called for a divestment of the German car parts maker's Rubber Group again, several people familiar with the matter said.
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Continental AG's controlling shareholder Schaeffler Group has called for a divestment of the German car parts maker's Rubber Group again, several people familiar with the matter said.
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Continental AG's controlling shareholder Schaeffler Group has called for a divestment of the German car parts maker's Rubber Group again, several people familiar with the matter said.
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Nissan show teaser for its first fully electric vehicle
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Continental AG said on Friday its supervisory board would decide on Aug. 12 on management changes in the wake of a power struggle that has seen CEO Karl-Thomas Neumann lose the confidence of shareholders.
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Continental AG said on Friday its supervisory board would decide on Aug. 12 on management changes in the wake of a power struggle that has seen CEO Karl-Thomas Neumann lose the confidence of shareholders.
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Cash-for-guzzler ads were canceled, showroom sales were halted and strategies were put on hold amid conflicting reports about the status of the incentive.
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Cash-for-guzzler ads were canceled, showroom sales were halted and strategies were put on hold amid conflicting reports about the status of the incentive.
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Confusion reigned throughout U.S. auto showrooms today as dealers canceled cash-for-clunkers ads, but then restarted program sales once they received government assurance the program would be honored through the weekend.
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Cash-for-guzzler ads were canceled, showroom sales were halted and strategies were put on hold amid conflicting reports about the status of the incentive.
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Eyeing a better price, Ford Motor Co. is slowing down the bidding process for its Volvo car unit, the Wall Street Journal said, citing a person close to the company. Ford will wait for General Motors Co.
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Eyeing a better price, Ford Motor Co. is slowing down the bidding process for its Volvo car unit, the Wall Street Journal said, citing a person close to the company. Ford will wait for General Motors Co.
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Eyeing a better price, Ford Motor Co. is slowing down the bidding process for its Volvo car unit, the Wall Street Journal said, citing a person close to the company. Ford will wait for General Motors Co.
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