Lotus Cars Ltd. is poised to tap former General Motors Co. product guru Bob Lutz and retired BMW executive Tom Purves to advise the British niche carmaker on a five-year turnaround plan.
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German ball-bearing maker Schaeffler Group stepped closer to a merger with Continental AG, hiving off its healthy operating business into a separate company together with its 75 percent stake in the Hanover-based German auto parts supplier.
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Tata Motors Ltd., the Indian owner of Jaguar and Land Rover, plans to raise as much as 47 billion rupees ($1 billion) to expand operations and reduce debt accumulated for the purchase of the luxury brands.
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German ball-bearing maker Schaeffler Group stepped closer to a merger with Continental AG, hiving off its healthy operating business into a separate company together with its 75 percent stake in the Hanover-based German auto parts supplier.
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Stock in Tesla Motors Inc., the first U.S. carmaker to launch a public stock offering in 54 years, surged almost 41 percent in its first day of trading even as broader markets were plummeting. Tesla finished the day with a gain of $6.89, to $23.
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General Motors Co. -- laying the foundation for an initial public offering as early as this fall -- told analysts today it will introduce 70 new or upgraded models in international markets by 2014.
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Tesla Motors Inc., the electric car company that hasn't posted a profit, raised $226 million selling shares above its forecast price range in the first initial public offering of a U.S. automaker in a half-century.
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Set to go on sale in October, the 2011 Honda Accord Sedan and Coupe receive significant updates, including improved fuel economy, enhanced exterior and interior styling, and the addition of a new Special Edition (SE) trim level.
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Audi has clearly rejected speculation its name might soon appear above a formula one garage door.
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This time at the Pikes Peak Time Attack Class With a Porsche 911 GT3 Cup and Breaking the Record by 38 Seconds -- Ahead of Every Production-based Car Entered. Jeff Zwart, from Woody Creek, Colorado, driving the specially-prepared Luminox Watch Porsche 911 GT3 Cup race car, has won and set a new record in the 2WD Time Attack class in Sunday's 88th running of the Pikes Peak Hillclimb.
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Formula one could soon return to Austria.
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Canadian Paul Tracy will compete in the Camping World Grand Prix at The Glen in the No. 24 Honda Indy Toronto car for Dreyer & Reinbold Racing.
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A new war of words is threatening to break out between former sparring partners Lewis Hamilton and Fernando Alonso.
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The IZOD IndyCar Series wil return in 2011 to one of its original venues, the New Hampshire Motor Speedway on July 30-31.
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Toronto - Mercedes-Benz Canada today announced new enhancements for the company's special designo program, including fascinating new packages and industry-exclusive offerings that provide customers with the unique opportunity to individualize their new Mercedes-Benz vehicle.
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Adam Parr is not ruling out a change of engine supplier for Williams.
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A spokesman for F1's governing body has confirmed there will be no disciplinary action after Fernando Alonso and Ferrari's post-Valencia outbursts.
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After each grand prix, Alan Permane, Renault chief race engineer, debriefs the race with us, he comments today the European grand prix.
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Caio Lara and Tristan Vautier are the winners of both rounds presented at New Jersey circuit.
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One of the casualties of restructuring is often the media relations budget and Chrysler/Jeep is no different. The budget for a media fleet was reduced significantly and many journalists were left without products to review. Fortunately for me, Saskatoon has a dealer body second to none and they volunteered to let me test (abuse??) one of their Jeep Patriots with the North Package.
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