Lotus CEO Mike Kimberley is stepping down on Friday, as back problems are forcing him to prematurely call it a career.
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Lotus CEO Mike Kimberley is stepping down on Friday, as back problems are forcing him to prematurely call it a career.
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The Society of Motor Manufacturers and Traders (SMMT) has raised its forecasts for the UK car market this year and next.
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General Motors unveiled plans today to spend 2 billion reais ($1.02 billion) in Brazil through 2012 to develop a new family of vehicles for the South American market.
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Porsche has denied that its embattled CEO, Wendelin Wiedeking, is to leave the company. Germany's business weekly WirtschaftsWoche reported on Wednesday that Wiedeking would leave Porsche and a successor will be decided on shortly.
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Fiat created Brazil's first compact pickup truck in 1978, presenting it at the São Paulo Auto Show as 147 pickup (based on the Italian 127 hatchback). The development of the segment was quite slow initially and it took four years for a direct competitor to arrive, the VW Gol-derived Saveiro.
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Denso and Yazaki have received partial payments for accounts receivable from failed General Motors Corp through a US government financial support programme, sources familiar with the matter said on Wednesday.
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Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years.
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Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years.
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Two icons of British car lore, a 1928 Rolls-Royce and a 1950 Aston Martin, will be on display at a concours event July 21-24 in London.
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Jaguar has announced that production of the X-Type car at the Halewood factory will cease before the end of 2009 with the loss of up to 300 jobs.
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President Barack Obama has praised General Motors and Chrysler for emerging from bankruptcy ''in record time'' in the past few weeks.
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Auto partsmaker Yorozu has said it will suspend operations at its US plant in Michigan in October in response to the restructuring of major client General Motors.
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Chrysler Financial has repaid in full the US$1.5bn of Troubled Asset Relief Program (TARP) government loans, it said in a statement last night.
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Russian President Dmitry Medvedev will call for a final deal to allow Sberbank and Magna International to acquire control of Opel while visiting Germany this week, a top Kremlin aide said on Wednesday.
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Russian President Dmitry Medvedev will call for a final deal to allow Sberbank and Magna International to acquire control of Opel while visiting Germany this week, a top Kremlin aide said on Wednesday.
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Russian President Dmitry Medvedev will call for a final deal to allow Sberbank and Magna International to acquire control of Opel while visiting Germany this week, a top Kremlin aide said on Wednesday.
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India's Mahindra & Mahindra (M&M) last week took full control of its South African joint venture Mahindra South Africa set up in October 2004 with African Automotive Investments Corporation, a subsidiary of African Resources and Logistics Corporation.
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The holding company RHJ International was due to hold talks on Wednesday at the German economy ministry about its rival bid for Opel, sources told news agency AFP.
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