Fiat S.p.A. confirmed it will make a non-binding offer to buy struggling Italian contract manufacturer Carrozzeria Bertone S.p.A.
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The percentage of Americans planning to wait more than four years before buying a new car has grown 28.1 percent since 2005, a new study shows. That may slow the recovery of sales rates stuck at 27-year lows.
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Chrysler Financial said today it has paid off $1.5 billion in loans it had received from the U.S. Department of Treasury in January to fund vehicle loans and incentive programs for Chrysler consumers.
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In another chilling sign that auto sales are likely to remain stalled, a new study finds that Americans intend to keep their cars longer, indicating a general concern about the industry and the overall economy.
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President Barack Obama took a dose of reality to Michigan today, saying that thousands of jobs lost to the auto industry's downturn are not coming back and it is time to prepare for new industries.
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The U.S. trustee overseeing Visteon Corp.'s Chapter 11 bankruptcy case, the committee representing unsecured creditors, and General Motors have joined Ford Motor Co. in objecting to Visteon's proposed bonus programs.
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The U.S. trustee overseeing Visteon Corp.'s Chapter 11 bankruptcy case, the committee representing unsecured creditors, and General Motors have joined Ford Motor Co. in objecting to Visteon's proposed bonus programs.
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The new General Motors, less than a week out of bankruptcy, is grappling with weak U.S. sales so far in July, CEO Fritz Henderson said today. After June's seasonally adjusted annual sales rate slipped to 9.
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The new General Motors, less than a week out of bankruptcy, is grappling with weak U.S. sales so far in July, CEO Fritz Henderson said today. After June's seasonally adjusted annual sales rate slipped to 9.
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In today's News Brake: Teething pains crop up with the new Camaro; the Z car goes topless; and Corvette Racing is ready for a new chapter ... But Wait, There's More!
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Politicians, automakers and car dealers are banking on American consumers to trade in older gasoline guzzlers for new lean, green machines, lured by payments of up to $4,500 from the government.
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The industry is banking on American consumers trading in older cars for greener vehicles under the cash for guzzlers program. But economists say the effort is unlikely to contribute much to economic growth.
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Sberbank, one of Magna's partners in in its consortium bidding for Opel/Vauxhall has said that a July 15 deadline to seal a deal for the carmaker is 'not firm'.
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The Obama administration's autos task force leader has stepped down Monday following General Motors and Chrysler emerging from bankruptcy protection under government-backed initiatives, officials said.
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Chery Auto has kicked off its vehicle business in Brazil by launching the SUV Tiggo in Campinas, an industrial city in Southern Brazil.
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Holden exports from Australia to the US may be on again now General Motors is reported to be "actively" studying salvaging the relatively new G8 large sedan from the axed Pontiac brand in order to give it to the Chevrolet division as a revived Caprice.
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Chrysler Group has said improved demand would allow it to maintain a third shift at a Canadian facility.
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Deterioration in the automotive market has affected parts maker Behr to the point its owners are now searching for a new investor who would be offered a minority stake, according to daily Financial Times Deutschland.
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Mexican automobile output plunged by nearly half last month as a recession in the United States - the key export market - reduced demand for new vehicles.
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