Analysts speculated Saab could get a second life in China as GM said it would sell the brand's assets and shut down Saab operations, including its production hub in Trollhattan, Sweden, starting in early January.
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Continental has struck a 2.5 billion euros ($3.60 billion) financing deal with its creditor banks, easing a tight liquidity situation caused by the takeover of Siemens' VDO unit in 2007.
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Here are key events in Saab's history, including the decision by General Motors Co. to wind down operations after an attempt to sell the brand to Dutch luxury carmaker Spyker Cars failed:
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Qatar has accumulated a 17 percent voting stake in Volkswagen AG and the Gulf state is set to take a seat on Porsche Automobil Holding SE's supervisory board.
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Porsche Automobil Holding SE is holding out for a slight rise in unit sales in its current fiscal year, banking on its new Panamera model, after the company swung to a quarterly loss.
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VW won permission from EU regulatory authorities to acquire car dealer Mahag Group. The European Commission said the transaction would not significantly impede competition in the European market.
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German carmaker Volkswagen won permission from European Union regulatory authorities on Friday to acquire car dealer Mahag Group. The European Commission said the transaction would not significantly impede competition in the European market.
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Porsche Automobil Holding SE is holding out for a slight rise in unit sales in its current fiscal year, banking on its new Panamera model, after the company swung to a quarterly loss.
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Year-on-year sales increases as high as 58 percent in the region's five largest markets caused Europe's new-car registrations to rise 27 percent to 1,182,082 in November.
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Qatar has accumulated a 17 percent voting stake in Volkswagen AG and is set to take a seat on Porsche Automobil Holding SE's supervisory board. The moves underline the more active role the Gulf state aims to play in the German auto industry.
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Porsche Automobil Holding SE is holding out for a slight rise in unit sales in its current fiscal year, banking on its new Panamera model, after the company swung to a quarterly loss.
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German carmaker Volkswagen won permission from European Union regulatory authorities on Friday to acquire car dealer Mahag Group. The European Commission said the transaction would not significantly impede competition in the European market.
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Better weather permitted a full day of testing at Daytona International Speedway, for Danica Patrick and other ARCA drivers, including drafting practice. Under the careful guidance of her crew chief, Tony Eury Jr., and her spotter, the diminutive 27-years-old said she had fun learning the ropes of drafting around the 31-degree banked speedway.
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Adam Christodoulou accomplished a first run of tests on Thursday and Friday with his new Team Stargate World Formula Atlantic ride, part of his 2009 Star Mazda Championship prize.
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Luca di Montezemolo has admitted Ferrari was concerned Fernando Alonso might not be a team player. Speaking with international reporters at a Christmas dinner on Friday, the Ferrari president was asked about the Spaniard's reputation and personality, including how his relationship with McLaren so badly broke down in 2007.
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The last Turkish grand prix could be held in 2010, after Bernie Ecclestone told organisers the race promotion fee will be almost doubled for 2011.
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With the departure of Simon Pagenaud to Highcroft in ALMS, rumours abound that de Ferran Motorsports is about to shut down but de Ferran says he still hopes to run a team in the IndyCar Series in 2010.
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What began as a wild rumour has slowly edged towards near-fact: Michael Schumacher is returning to the formula one grid. The hardening speculation has been all but confirmed by Ferrari president Luca di Montezemolo, with whom the 40-year-old German won five of his seven world championships until 2006.
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I don't know why, but every time I try out a Camry, I become a slow driver. Life passes by very, very slowly specifically when I'm behind the wheel of the Hybrid. I'm so bent on obtaining the lowest fuel economy average I can get, that I become an irritation for both surrounding traffic and my girlfriend.
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