Mitsubishi Motors said it is not discussing any numbers regarding a possible acquisition of a stake by PSA/Peugeot-Citroen. The Nikkei business daily had reported PSA could pay up to 300 billion yen ($3.
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Mitsubishi said it is not discussing any numbers regarding PSA buying a stake in the company. PSA could pay $3.4 billion for a 50% stake, the Nikkei said .
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GM and angry German workers at Opel took a big step toward reconciling differences as GM scrapped plans to cut nearly 550 jobs at an engineering center.
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General Motors Co. could give Opel/Vauxhall workers a stake in the company to win concessions on planned job and wage cuts, GM Europe President Nick Reilly said.
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General Motors Co. could give Opel/Vauxhall workers a stake in the company to win concessions on planned job and wage cuts, GM Europe President Nick Reilly said.
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GM could give Opel/Vauxhall workers a stake in the company to win concessions on planned job and wage cuts, GM Europe President Nick Reilly said.
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Korean car maker unveils its new Sonata saloon to the public at LA Motor Show.
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November new car sales of 4,486, though down on last month's registrations and November 2008 results, were in line with the industry forecast for 2009, New Zealand's Motor Industry Association (MIA) said on Friday.
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New-car sales in Britain rose an annual 57.6 percent in November, their biggest increase this year as buyers took advantage of a government incentive scheme and a temporary cut in sales tax.
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General Motors Co. will sell a 1 percent stake in its China car venture to partner SAIC Motor Corp. for $85 million, Nick Reilly, GM's executive vice president and president of GM International Operations, said on Friday.
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General Motors Co. will sell a 1 percent stake in its China car venture to partner SAIC Motor Corp. for $85 million, Nick Reilly, GM's executive vice president and president of GM International Operations, said on Friday.
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Volkswagen this week chose the Los Angeles motor show - in a state where import brands mostly dominate the sales charts - for the the world premiere of its Up! Lite concept with hybrid driveline which, it claimed, is the world's most fuel-efficient four-seater.
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Beijing Automotive Industry Holding Corp. has obtained a 20 billion yuan ($2.93 billion) line of credit from the Bank of China, the bank said Friday. BAIC has said it might still be interested in all or parts of General Motors Co.'s Saab unit.
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General Motors said today it will form a manufacturing joint venture with SAIC Motor Corp. in India in the first quarter of next year.
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General Motors said today it will form a manufacturing joint venture with SAIC Motor Corp. in India in the first quarter of next year.
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General Motors said today it will form a manufacturing joint venture with SAIC Motor Corp. in India in the first quarter of next year.
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General Motors Co. will sell a 1 percent stake in its China venture with SAIC for about $85 million, giving SAIC control and allowing it to consolidate the venture's accounts onto its balance sheet.
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General Motors Co. will sell a 1 percent stake in its existing China venture with partner SAIC Motor Corp. for about $85 million, giving China's top carmaker control and allowing it to consolidate the venture's accounts onto its balance sheet.
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A costly tie-up between PSA/Peugeot-Citroen SA and Japan's Mitsubishi Motor Corp. risks landing Europe's No. 2 carmaker with a partner too small to exploit Asia's booming markets.
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Saab has sold the production equipment for its old 9-5 models to Beijing Auto, a newspaper reported.
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