The U.S. Treasury intends to provide more taxpayer capital to finance company GMAC, but needs to deliberate further on the deal's structure, a senior U.S. Treasury official said on Thursday.
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The head of the American unit of German autos parts supplier Robert Bosch GmbH said he expects U.S. light vehicle sales to improve to 11 million units in 2010, indicative of a steady but slow recovery from a bottom reached earlier this year.
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General Motors Co. said it is readying a plan to restructure Opel and could pay off debt due this month. German Chancellor Angela Merkel raised concern over GM's decision to keep Opel with U.S. President Barack Obama.
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You could almost say that paranoia was the theme of the Mobile Electronics & Technology exhibit at SEMA 2009. Historically, this section has always featured dozens of manufacturers and distributors from all over the world (well, mostly Asia) with the goal of showcasing the latest innovations from the world of electronics. This year, some of the hottest products include forward-facing cameras mounted inside vehicles.
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Kimi Raikkonen stands to make more money in 2010 if he takes a sabbatical.
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Winning $10 million is pretty sweet, especially when you can use the money to develop a car that may end up solving the world's sustainable energy problems. That's what the Progressive Automotive Xprize contest is all about: rewarding a team that has found the best compromise for a modern, efficient and environmentally-friendly automobile.
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Aerolab has hit back at claims it and the new Lotus team may be breaching Force India's intellectual property.
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Australian driver Daniel Ricciardo, winner of the british Formula 3 championship, could make his debuts in Formula one in 2011.
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Day 3 was our last day at SEMA 2009 -- and definitely not the most exciting day of the event. Of course, there are still thousands of exhibitors looking to strike a deal with the legions of potential buyers on hand. However, product launches are becoming excessively specialized, with the most interesting being some new suspension components.
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The Phillips-Van Heusen Corporation, owner of the IZOD brand, announced a multi-year agreement to become title sponsor of the Indy Racing League-sanctioned IndyCar Series.
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DETROIT - HUMMER announced today updates to the 2010 HUMMER H3 and H3T midsize all-terrain vehicles including the addition of three new exterior colors and an available E85 Flex Fuel capable 5.3L V8 engine as part of its commitment to offer a biofuel powertrain in all body styles by 2010. Both H3-based vehicles will begin arriving in dealerships before the end of 2009 in North America.
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Sir Frank Williams says he is not worried that Jean Todt will revert to his "hard" ways in his new role as FIA president.
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Although it may sound sexist, the fact remains that no SEMA show is complete without the presence of hundreds of lovely ladies. They represent an essential ingredient in the show's glitz and glamour and to be honest, they are a nice alternative to the usual overweight hairy car-guy...
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Ross Brawn has expressed surprise at the news that USF1, one of three start-up new teams for the 2010 season, has not yet commenced internal crash-testing of car components.
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Kamui Kobayashi is not yet booking his flight back to his father's sushi restaurant.
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Magna International Inc. posted a $51 million profit after four straight quarters of losses, benefiting from cost reductions as sales fell.
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The industry's two top vehicle history reporting companies have added to their databases vehicle identification numbers of the 700,000 trade-ins meant to be scrapped under the government's cash for clunkers program.
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Any true off-road racing fan knows the Oly Bronco that Parnelli Jones drove to victory in the Baja 1000 some 40 years ago. Marshall Madruga knew it, and he loved it.
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When the 2011 Ford Explorer hits showrooms, its move to a unibody platform won't be the only major change. Ford will use the next-generation Explorer to introduce inflatable seatbelts for rear passengers.
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