In today's News Brake: Michael Schumacher continues driving old Ferraris to prepare for his return to Formula One, GM could again be the world's largest automaker, and we review the Lincoln MKZ . . . But Wait, There's More!
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Meridian Automotive Systems Inc. plans to liquidate its remaining assets under Chapter 7 of the bankruptcy code after already selling most of its business units this summer.
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Dealers who dip into the next $2 billion of the cash-for-clunkers program should have an easier time filing claims and getting paid. Systems improvements made by contractors Oracle Corp. and Citigroup Inc.
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Dealers who dip into the next $2 billion of the cash-for-clunkers program should have an easier time filing claims and getting paid. Systems improvements made by contractors Oracle Corp. and Citigroup Inc.
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ArvinMeritor's Chairman, CEO and President Chip McClure has announced that the company is committed to remaining a strong and growing manufacturer and supplier in South America.
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GMAC Financial Services has announced it will offer a leasing option for auto consumers on select vehicles. The decision marks its re-entry into the leasing sector a year after it was forced to exit against a background of mounting losses and bad debts.
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Figures released by the UK Government show that orders under the UK's car and light van scrappage scheme have hit 154,927 units.
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Latest figures released by the UK's Finance & Leasing Association (FLA) show the smallest drop in private new and used cars bought with dealer finance since September 2008.
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New Toyota President Akio Toyoda has abandoned the goal of grabbing a 15 percent share of the global market as part of a back-to-basics focus on quality over quantity.
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Kia Europe's C-segment cee'd gets a new look at the 2009 Frankfurt Motor Show in September and a new 'ECO-dynamics' model will be added to the range when it goes on sale in the UK in October.
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Kia claims 'modern, powerful styling with a clear dynamic look' for the all-new seven-seater Kia Sorento that makes its European debut at the Frankfurt Motor Show next month.
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U.S. dealers submitted 245,384 cash-for-clunkers claims totaling $1.03 billion as of last Friday, Aug. 7, as they raced to get applications in the pipeline before a possible funding cutoff. New data released today by the U.S.
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While the domestic sales of most South Korean automakers slipped in July, an exception was Renault Samsung Motors Co., which recorded its highest monthly sales figures since the company's launch in September 2000.
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Speaking in an interview with Germany's Autogazette, he said that Volkswagen AG is targeting a decline in full-year 2009 sales of 5 percent on last year, or not much below 5.92 million vehicles. An earlier forecast had a 10 percent drop.
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eBay Motors and GM have today announced the launch of a first-of-its-kind promotion that enables consumers to 'click and buy' new cars, crossovers and trucks online from participating California Chevrolet, Buick, GMC and Pontiac dealers.
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Almost a year after it exited leasing, GMAC Financial Services has re-entered the auto leasing business with a limited program on select vehicles.
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About 90 percent of the dealerships that sell General Motors nonluxury brands in California will participate in a special marketing program that enables consumers to buy new vehicles posted for sale on eBay Motors.
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According to analyst Adam Jonas of investment bank Morgan Stanley, the US car market has already bottomed and now looks poised for a very strong rebound.
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