Cooper-Standard Automotive Inc. was flagged today by Standard and Poor's as yet another Tier 1 auto supplier facing a potential Chapter 11 filing.
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The proposed cash-for-clunkers legislation could provide a boost for new-car sales, while Saabs problems ultimately boiled down to money, General Motors CEO Fritz Henderson said on Tuesday.
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The proposed cash-for-clunkers legislation could provide a boost for new-car sales, while Saabs problems ultimately boiled down to money, General Motors CEO Fritz Henderson said on Tuesday.
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The U.S. House narrowly passed a scaled-back version of a bill that would give consumers cash vouchers of between $3,500 and $4,500 if they trade in their cars for newer, more fuel-efficient vehicles.
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The House today is expected to pass a scaled-back version of a bill that would give consumers cash vouchers of between $3,500 and $4,500 if they trade in their cars for newer, more fuel-efficient vehicles, congressional staff members said.
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Delphi Corp. today received final approval to tap former parent General Motors for access to $250 million in funding that is expected to support the supplier until it can emerge from nearly four years of bankruptcy. U.S.
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In today's News Brake: Ford and Chrysler herd their pony cars toward NASCAR; Koenigsegg buys Saab from GM; and Mini is thinking about going upscale ... But Wait, There's More!
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Even as Magna International Inc.
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The U.S. auto task force has shot down suppliers' request for $8 billion to $10 billion in additional federal aid, said Neil De Koker, president of parts trade group Original Equipment Manufacturers Association.
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The European Investment Bank (EIB) and Fiat Group have signed a loan agreement for EUR400m in a deal approved by bank directors in March.
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Tata Motors plans to use the Nano platform to build electric and hybrid cars, Tata Group said in a report of its innovations.
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Fiat is eyeing a 10% European market share despite unfavourable market conditions, chairman Luca Cordero di Montezemolo said on Tuesday.
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Sales of Volkswagen's Golf were up 32.1% year on year last month in a European new car market down 13.1% year-to-date.
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Indonesia's largest car producer, PT Astra International, achieved a 9.5% increase in car sales in May compared to April, indicating demand has begin to pick up in line with economic recovery, according to a report in The Jakarta Post.
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General Motors is looking to sell three brands and kill off one, Pontiac. And which brand was overwhelmingly named by consumers in a recent survey as the one they'd like to live on? Pontiac.
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Chinese media reports say that Sichuan Tengzhong Heavy Industrial Machinery Co., the company lined up to take Hummer off GM's hands is targeting US sales and a more fuel-efficient model.
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Russia's vehicle output fell 63.6% on the year to 271,997 units in January-May, according to ASM Holding.
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General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive.
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