Bob Lutz, the former General Motors product chief who had intended to retire at the end of this year, has changed his plans, two people familiar with his decision said.
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Bob Lutz, the former General Motors product chief who had intended to retire at the end of this year, is staying with the company.
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Unless there is some sort of major, unforeseen hiccup, the sale of General Motors' assets--creating a new company--is expected to close Friday. The new GM will be 60.8 percent owned by the U.S. Treasury. The Canadian government will own 11.
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With entertainer Jay Leno acting as host, Jaguar has taken all the cloaks off the redesigned XJ sedan. Jaguar said the new XJ will go on sale in the United States in December and carry a base price of $72,500, including shipping charges.
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With entertainer Jay Leno acting as host, Jaguar has taken all of the cloaks off the redesigned XJ sedan.
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Toyota has posted its second consecutive month of double-digit vehicle sales growth in China, suggesting that its sales this year could surpass last year's total.
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In June, Ford Motor Co. outsold General Motors in Canada. Ford's Canadian sales rose 23.8 percent from a year earlier -- its first year-over-year gain of 2009 -- to 28,274 units. GM's sales dropped 31.2 percent to 22,071.
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At least six potential suitors including TRW Automotive Holdings have considered bidding for Delphi Corp. a day before a deadline for offers on the assets of the bankrupt auto parts maker, sources briefed on the matter said today.
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The best assets of General Motors were set to emerge from a 38-day bankruptcy as General Motors Co., a new entity majority-owned by the U.S. government. GM could complete the asset sale today, spokeswoman Julie Gibson said.
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Ford will continue revising output plans at its Russian plant because of the unfavourable market situation, a senior executive has said.
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In today's News Brake: The FIA and FOTA are at it again; Peugeot is back this fall in ALMS: and the lowdown on the new Jaguar XJ...But Wait, There's More!
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Light commercial vehicles (LCVs) have been included in the Russian government's programme to compensate the cost of transporting domestically produced cars to the country's eastern extremes by rail.
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General Motors now expects its vehicle sales in China to grow by more than a fifth this year.
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Turkish passenger car output fell 15.1% year-on-year in June and total automotive production dropped 24.6% according to the OSD.
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Sales of China's domestically made cars rose 36.5% year on year in June, another sign that government stimulus measures were driving the sector's recovery, state media said on Thursday.
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An affordable range of electric vehicles, from city car to family hatchback as well as a light commercial vehicle. That's Renault's green motoring plan for 2012 and the French manufacturer is already demonstrating the first of these vehicles ahead of its showroom launch next year.
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A Slovak government incentive package worth EUR28m for five investment projects includes Kia Motors' EUR110.5m planned investment.
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