A two-month factory shutdown and the cash-for-clunkers government rebates accomplished a feat that had eluded Chrysler Group: It turned several slow-selling vehicles into scarce commodities.
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Dave Wilson, owner of Preston Automotive Group in Preston, Md., is still selling vehicles under the government-sponsored cash-for-clunkers program. But he's nervous about it.
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Ford Motor Co. has cut its capital costs for factories and vehicle-building equipment by 50 percent over the past two years, said Bruce Hettle, Ford's executive director of manufacturing engineering.
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Ford Motor Co. has cut its capital costs for factories and vehicle-building equipment by 50 percent over the past two years, said Bruce Hettle, Ford's executive director of manufacturing engineering.
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The cash-for-clunkers program could push the annualized U.S. selling rate to 13 million in August, J.P. Morgan Securities analyst Himanshu Patel says.
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The cash-for-clunkers program could push the annualized U.S. selling rate to 13 million in August, J.P. Morgan Securities analyst Himanshu Patel says.
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Russian automaker GAZ Group is working on a new deal to supply vehicles to Iran, Oleg Markov, director for sales and marketing at the group's commercial vehicles division, said on Tuesday.
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General Motors and the German government started new talks today (4 August) to try and decide on the successful bidder for Opel.
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Daimler's market leading trucks business aims to halt its losses soon even though the global market shows no signs of a quick rebound, division head Andreas Renschler has said.
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The Senate appears poised to pump more money into the cash-for-clunkers program, Mercedes could bail on Formula One, and Lotus offers new supercharging kits . . . But Wait, There's More!
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Hyundai India is concerned at the possible effects on its exports to the continent if a free trade agreement (FTA) between the European Union and South Korea goes ahead.
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Dealers will start getting reimbursed today for cash-for-clunkers credits paid to consumers, Secretary of Transportation Ray LaHood said today. "We fixed our Web site problems," LaHood said at a news conference here.
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Dealers will start getting reimbursed today for cash-for-clunkers credits paid to consumers, Secretary of Transportation Ray LaHood said today. "We fixed our Web site problems," LaHood said at a news conference here.
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Hyundai Motor making a decision on a third factory in China, following a local internet report, citing an unnamed industry source, that said it was talking with Chinese companies about the plant.
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New passenger vehicle sales in New Zealand continued their upward trend in July with a modest increase of 3.8% over the registration figures in June this year.
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Former Ford CEO Jac Nasser is joining global mining group BHP Billiton as its new chairman.
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Just as Dennis Hyundai learns how to handle the surge of customers wanting to swap clunkers for new cars, showroom traffic has begun to slow down.
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Just as Dennis Hyundai learns how to handle the surge of customers wanting to swap clunkers for new cars, showroom traffic has begun to slow down.
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Diesel engine and truckmaker Isuzu Motors plunged to a group net loss of JPY16.59bn in its first fiscal 2009/10 quarter after booking a JPY17.69bn this time last year. It blamed a sharp fall in both domestic and overseas vehicle sales.
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A Toyota Motor executive has expressed surprise at the strength of the US market in July, but said the automaker would have to consider August and September demand before revising forecasts.
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