General Motors Co. and GMAC's second-highest tier of executives are limited to salaries of $500,000 and are prohibited from receiving bonuses unrelated to performance under Treasury Department guidelines announced today.
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The leadership of the UAW is set to meet next week to name Bob King as the preferred candidate to succeed retiring President Ron Gettlelfinger, two people with knowledge of the plan said.
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The leadership of the UAW is set to meet next week to name Bob King as the preferred candidate to succeed retiring President Ron Gettlelfinger, two people with knowledge of the plan said.
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Yes, this is the same Mercedes-Benz GLK that broke cover in New York during the Sex and the City movie, but we guarantee Carrie, Sam, Miranda and Charlotte wouldn't be caught dead in it.
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Auto dealers would be exempt from oversight by a new Consumer Financial Protection Agency under a sweeping overhaul of financial regulations passed today by the House. The 1,279-page bill passed by a 223-202 vote, with no Republicans supporting it.
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What is it? What it isn't is a 7-series with a Rolls-Royce body. No, the Ghost is the new baby Rolls, and it shares less than 20 percent of parts with the big BMW. Underhood, the Ghost uses BMW's V12 engine block, stroked to 6.6 liters.
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Former Chrysler executives Tom LaSorda and Steven Landry have joined the board of ALTe, a startup supplier of hybrid-vehicle powertrains.
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Chevrolet's future is in the hands of largely unknown Jim Campbell, a 21-year General Motors Co. veteran who most recently headed GM's Fleet and Commercial Operations.
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Ford Motor Co. CEO Alan Mulally will be the keynote speaker at the Washington Auto Show next month. Mulallyand#8217;s speech will open the showand#8217;s Jan. 26 Public Policy/Media Preview Day.
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The 2010 Acura MDX starts at $43,040, including destination charges. It went on sale on Friday.
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BMW and Mini have signed a five-year deal to have Mercedes-Benz USA prepare their vehicles coming in for delivery through the port of Baltimore.
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In News Brake: The 2010 Dodge Viper SRT10 ACR-X is revealed, an update on Formula One, and we review the 2010 Tesla Roadster Sport . . . But Wait, There's More!
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The Volkswagen Group reported its strongest growth in global vehicles deliveries so far this year in November - an increase of 19.1% to 531,300 from the 446,000 vehicles it delivered in November 20008. This takes the group's sales for the first 11 months of the years to 5.85m, an increase of 2% over the same period last year.
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Japanese industry minister Masayuki Naoshima on Friday said the just announced tie-up between Suzuki Motor and Volkswagen would be beneficial to the auto industry in Japan.
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A court decision on the future of debt-burdened SUV specialist Ssangyong Motor was on Friday delayed until 17 December after a revised rescue package failed to win approval from creditors. The court will decide on whether to approve the plan or liquidate Ssangyong.
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Toyota Motor plans to buy new shares in its 'PEVE' joint venture with Panasonic to provide additional funds to boost production capacity for automotive batteries, sources said on Friday.
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Private equity firm Patriarch Partners is to take a controlling stake in US auto parts supplier Dura Automotive Systems by investing up to US$125m in the company, a report on Friday said.
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Volkswagen unit Skoda Auto will cut production of its smaller cars starting in 2010, the Czech carmaker's union said in a weekly newsletter.
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