The federal government is likely to lose $19 billion, or 24 percent, on its $80 billion bailout of the auto industry, the nonpartisan Congressional Budget Office estimated yesterday.
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Chrysler Group LLC is planning to hire 1,000 engineers and other skilled workers over the next four months to enhance its small and mid-sized car development efforts, The Wall Street Journal reported today.
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Former Delphi CEO J.T. Battenberg III 'didn't have a role in the accounting' or disclosure of a large payment to General Motors in 2000 that government regulators say was fraudulent, the supplier's former CFO said.
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The Ford F-150 pickup truck gets overhauled for the 2011 model year--under the hood. Two new V6s and two new V8s aim to provide a good blend of power and fuel economy. We take them for a spin.
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Honda, giving itself a $4,610 pricing edge over the base Toyota Prius, has added a base Insight hybrid model for 2011 that starts at $18,950, including destination charges.
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General Motors will add 1,000 engineers and researchers in Michigan over the next two years to significantly expand its vehicle electrification expertise.
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Three Chinese automakers are among 10 bidders for Pininfarina.
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Russian automaker Derways plans to assemble the Lifan 320, a Mini look-alike, five-door compact hatchback developed by Chongqing Lifan Industry, next year, Russian media reported.
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Ford plans to follow up the US Edge SUV launch in China with the 2012 European Kuga next year to rival Chinese-made compact SUVs, with an estimated price between CNY200,000-300,000 (US$30,000-$45,000), local media reports said.
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GM's completed sale of Nexteer to Pacific Century Motors (PCM) marks the start of a new chapter for a 104 year old supplier once known as Saginaw Steering Gear. As part of the deal, PCM will leave Nexteer's existing management team in place and headquartered in Saginaw, Michigan.
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General Motors will hire 1,000 engineers and researchers in Michigan for research and development of electric vehicles, CEO Dan Akerson said on Tuesday morning in Detroit.
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Hubei-based Dongfeng Motor, one of China's top four auto groups, reported year-to-date sales of 2.28m vehicles by 21 November, meeting its full-year goal 40 days ahead of schedule.
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EXECUTIVE EDITOR ROGER HART: This is the first new product to come out from the Fiat-led Chrysler Corp., and if all the new vehicles are as good as this one, Chrysler will have a bright future.
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"What happened to 'Top Gear?' " my favorite bartender asked this past weekend.
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"What happened to 'Top Gear?' " my favorite bartender asked this past weekend.
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"What happened to Top Gear?" my favorite bartender asked this past weekend.
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Toyota is recalling about 650,000 units of the Prius hybrid for a problem with the coolant pump that could cause the engine to overheat.
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General Motors Co. will hire 1,000 engineers over the next two years to improve technology related to electric vehicles.
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Audi’s 5-Series rival gets sharp new look with shorter but roomier body, and hybrid is on way.
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