Sales under the U.S. government's cash for clunkers auto incentive topped 180,000 with Toyota Motor Corp. overtaking Ford Motor Co. with the top-selling vehicle, officials said Wednesday.
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Toyota Motor Sales COO Jim Lentz said today that the cash-for-clunkers program has brought buyers into the market that would not have considered a new car without the incentives.
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Auto production is ramping up as dealers clamor to refill inventory thinned out by the unexpected success of the federal cash-for-clunkers program.
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General Motors Co. has decided to allow rejected dealers who want to close before Jan. 1 to do so without penalty. In June during its stint in U.S. Bankruptcy Court, GM targeted about 1,300 dealerships for closure.
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By 2013, car and truck sales in North America will rebound to the "new normal" rate of 15 million to 16 million units, according to John Hoffecker, a managing director at business advisory firm AlixPartners.
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By 2013, car and truck sales in North America will rebound to the "new normal" rate of 15 million to 16 million units, according to John Hoffecker, a managing director at business advisory firm AlixPartners.
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The President's automotive task force remains opposed to additional aid to automotive suppliers, though the group concedes the popular cash-for-clunkers program may exacerbate suppliers' cash pressures, said task force chief Ron Bloom.
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FRANKFURT/DETROIT (Reuters) -- General Motors Co. and Magna International have narrowed their differences in talks over the Canadian supplier's bid for Opel and only a small number of issues are still pending, German politicians said on Wednesday.
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General Motors Co. and Magna International have narrowed their differences in talks over the Canadian supplier's bid for Opel and only a small number of issues are still pending, German politicians said on Wednesday.
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General Motors Co. and Magna International have narrowed their differences in talks over the Canadian-Austrian supplier's bid for Opel and only a small number of issues are still pending, German politicians said on Wednesday.
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Suppliers and workers at General Motors' assembly plant in Spring Hill, Tenn., thought they had the inside track this summer when GM had to decide quickly where to build a new family of subcompact cars. They were wrong.
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Suppliers to the 2009 Honda Pilot includes Dow Automotive, Mitsubishi Electric, Nippon Seiki, Gentex, AGC Automotive Americas, UGN, Panasonic, Tigerpoly, Southco, INA, Weastec, BASF, Stanley Electric, Vibracoustic, Edscha, Keiper, Magna, Eagle...
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Germany's federal criminal office (BKA) is conducting a fraud investigation connected to the car-scrapping scheme, suspecting thousands of vehicles have been smuggled abroad rather than junked, a crime office official said.
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At Russ Milne Ford in suburban Detroit, the hauler loaded with Ford Focuses that drove up today was like a drinking fountain in the desert for the car-strapped dealership still working on cash-for-clunkers deals.
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Ford again topped Canadian sales charts for a second consecutive month last month, after its sales soared over 47% year on year as rivals tallies slumped.
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Chrysler creditors have asked a bankruptcy court to allow them to sue Daimler, arguing that the 2007 sale of the US automaker to Cerberus Capital Management stripped it of its most valuable assets.
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The new Mercedes-Benz E-class wagon is revealed, a sporty Mazda gets even lighter for Frankfurt, and Corvette shows off the next C6.R . . . But Wait, There's More!
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General Motors Australian unit Holden has introduced two new locally-built 'Global V6' engines for its mainstay large-size Commodore range.
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Mark Fields, Ford's president for the Americas, was confident about the prospects of the US car market yesterday as he relaunched the Taurus in Chicago.
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