Ford Motor Co. says former parts subsidiary Visteon Corp. has proposed an employee incentive program that is "entirely too rich given current market and economic conditions," adding bankrupt Visteon's employees should be happy still to have jobs.
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Ford Motor Co. says former parts subsidiary Visteon Corp. has proposed an employee incentive program that is "entirely too rich given current market and economic conditions," adding bankrupt Visteon's employees should be happy still to have jobs.
Full story...
Ford Motor Co. says former parts subsidiary Visteon Corp. has proposed an employee incentive program that is "entirely too rich given current market and economic conditions," adding bankrupt Visteon's employees should be happy still to have jobs.
Full story...
The Pontiac G8 may get a new life as the Chevrolet Caprice.
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Kia Motors Corporation global sales rose 22.4% year on year to 158,394 units in June.
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General Motors is considering a plan to save the Pontiac G8 sedan from extinction by making it the next Chevrolet Caprice sedan, says a source familiar with GM's product planning.
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Tension is mounting again at the Ssangyong Motor plant in Pyeongtaek, Gyeonggi Province, as police gear up to use force to disperse hundreds of laid-off union workers who have occupied the factory for about 50 days.
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A U.S. bankruptcy judge today gave General Motors permission to buy several assets of bankrupt auto parts supplier Delphi Corp. as part of a deal with a private equity firm that could take Delphi out of bankruptcy.
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A US-based parts firm is suing two importers alleging that their imported Chinese-made brake parts are potentially hazardous to drivers.
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Volkswagen sales in China and Hong Kong jumped 22.7% year on year in the first half of 2009, benefiting from a revival in the world's third-biggest economy.
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Ford of Europe's sales in 51 markets fell 16.3% to 840,400 vehicles in the first half of 2009.
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Face-lifted SUV seen in testing
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GS Yuasa on Monday said it planned to issue new shares to raise up to JPY36.7bn (US$397m) to invest in lithium-ion battery development.
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Qatar will buy into Porsche only on condition that the families of Porsche and Piech put an end to their months-lasting feud, Financial Times Deutschland reported on Monday, citing insiders.
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Daimler's new major shareholder Aabar Investments of Abu Dhabi has bought 40% of the German firm's circa-10% stake in Tesla Motors and promised more joint ventures.
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Latest spy shots of Kia's upcoming SUV
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GAZ Group has agreed terms for debt restructuring with a committee of creditors, business daily Vedomosti reported on Monday, citing Valery Lukin, CEO of Russkiye Mashiny [Russian Machines], which holds 60% of GAZ.
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The National Highway Traffic Safety Administration is formulating rules for the cash-for-guzzlers program, formally known as the Car Allowance Rebate System Initiative. Here in Q-and-A format are some of the knowns, and unknowns, about the program.
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When Jaguar executives rolled out the new flagship model - the XJ - at London's Saatchi Gallery last week, something was glaringly absent when the Jaguar range was described to the assembled journalists, writes Dave Leggett
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The European Union plans to finalize a $100 billion trade pact with South Korea by the end of the year, the prime minister of EU president Sweden said on Monday. The plan is unpopular with European automakers.
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