The extraordinary shareholders' meeting of German carmaker Volkswagen scheduled for Thursday seems set to turn into a battlefield between majority shareholders and institutional investors, a local newspaper said.
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General Motors has indicated it would contribute around EUR600m (US$904.3m) of its own cash to restructure Opel, German economy minister Rainer Bruederle said on Wednesday.
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Renault will build electric vehicles in Korea once the government has finalised its plans for EVs, the chief executive of the French automaker's Samsung unit told reporters at the unveiling of the new SM5 mid-sized saloon.
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A second small luxury car maker, this time Spyker of the Netherlands, is talking to General Motors about buying Saab Automobile, a week after Sweden's Koenigsegg dropped its bid and a day after Wyoming-based private investment firm Merbanco Merchant Banking confirmed it was out as a bidder for the Swedish unit, media reports said on Wednesday.
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OK, I gather this much from Fritz Henderson's ouster: GM directors are looking for someone to work magic at GM just like Alan Mulally has done at Ford.
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German Economy Minister Rainer Bruederle Wednesday criticized General Motors Co. following the abrupt departure of CEO Fritz Henderson and the company's presentation of an incomplete restructuring plan for Opel and sister brand Vauxhall.
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German Economy Minister Rainer Bruederle today criticized General Motors Co. following the abrupt departure of CEO Fritz Henderson and the company's presentation of an incomplete restructuring plan for Opel and sister brand Vauxhall.
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German Economy Minister Rainer Bruederle Wednesday criticized General Motors Co. following the abrupt departure of CEO Fritz Henderson and the company's presentation of an incomplete restructuring plan for Opel and sister brand Vauxhall.
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German Economy Minister Rainer Bruederle today criticized General Motors Co. following the abrupt departure of CEO Fritz Henderson and the company's presentation of an incomplete restructuring plan for Opel and sister brand Vauxhall.
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Alfa Romeo will unveil its new Giulietta hatchback at the Geneva auto show in March.
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Ailing Alfa Romeo, which has seen its sales fall from a peak of around 203,000 in 2000 to fewer than 100,000 last year and has been losing money for the past decade, is pressing ahead with the launch of its new Giulietta next spring.
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German production of the next-generation Mercedes-Benz C-Class due out in 2014 will be moved from Sindelfingen to Bremen while US production will be at the company's Tuscaloosa, Alabama, factory, Daimler said on Wednesday.
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German production of the next-generation Mercedes-Benz C-Class due out in 2014 will be moved from Sindelfingen to Bremen while US production will be at the company's Tuscaloosa, Alabama, factory, Daimler said on Wednesday.
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Infiniti showed its new 2011 M sedans at a private reception on Tuesday ahead of the Los Angeles auto show. The new M sedans debut with a pair of new engines and a slew of new technologies.
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Dodge hopes to send the current-generation Viper out on a high note with slight performance alterations, a couple of new paint-color options and lots of special-edition models.
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You can maybe see where GM's board is coming from with the Fritz Henderson situation, but I'm not convinced it looks well handled. Sure, Henderson was a 'GM guy' but he had steadied the ship in the recent unprecedented and rocky times.
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New car registrations in Germany grew by around 20% year-on-year in November even after a government scrappage scheme ran out of money in September, a source at the VDIK foreign carmakers' association said.
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New car registrations in Germany grew by around 20% year-on-year in November even after a government scrappage scheme ran out of money in September, a source at the VDIK foreign carmakers' association said.
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New car registrations in Germany grew by about 20% year-on-year in November even after a government scrappage scheme ran out of money in September, a source at the VDIK foreign carmakers' association said.
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