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Jun
11th

GERMANY: Opel ‘still open to new investors’

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The German government is still talking to potential investors in Opel other than Magna International, Economy Minister Karl-Theodor zu Guttenberg said at a press conference in Berlin with UK Business Secretary Peter Mandelson. Full story...
Jun
11th

Peugeot 308 RC Z

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Watch out Audi TT – we've caught Peugeot's new 308 coupe testing almost undisguised!


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Jun
11th

CHINA: Antonov inks joint venture

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Transmission specialist Antonov has signed an agreement with Chong Qing Landai Industries for a joint venture to develop the TX-6 automatic transmission for start of production, planned to begin in 2011. Full story...
Jun
11th

SOUTH KOREA: Situation critical at Ssangyong

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The situation at Ssangyong Motor is reaching a critical point as union members continue their occupation of the troubled automaker's plant in Pyeongtaek, south of Seoul, the Korea Herald reported on Thursday. Full story...
Jun
11th

Germany talks to potential Opel investors, even after Magna deal

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Germany is still talking to potential investors in carmaker Opel which have not been made public, German Economy Minister Karl-Theodor zu Guttenberg said today. Since reaching a preliminary agreement with Canada's Magna International Inc. Full story...
Jun
11th

Germany talks to potential Opel investors, even after Magna deal

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Germany is still talking to potential investors in carmaker Opel which have not been made public, German Economy Minister Karl-Theodor zu Guttenberg said today. Since reaching a preliminary agreement with Canada's Magna International Inc. Full story...
Jun
11th

GM taps Swedish sports car maker as top Saab bidder, reports say

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General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Full story...
Jun
11th

Saab poised to name top bidder as GM brand paring accelerates

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General Motors' Saab brand, which has been operating under protection from creditors since February, may announce its preferred bidder this week. Full story...
Jun
11th

Saab could reveal buyer this week, report says

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General Motors' Saab brand, which has been operating under protection from creditors since February, could announce its preferred bidder this week, Bloomberg News reported today. Full story...
Jun
11th

2009 May Auto Sales: First Sign of a Thaw?

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2009 May Auto Sales: First Sign of a Thaw?
2009 May Auto Sales - Car Sales Analysis - Automobile Magazine
Traditionally, spring is a major selling season for automobiles. This year, however, the thaw has been almost imperceptible.

Traditionally, spring is a major selling season for automobiles. This year, however, the thaw has been almost imperceptible. April sales were 65% of those a year earlier; May was slightly better, reaching 66% of year-ago levels. Both figures are a tiny improvement on year-to-date sales, which so far are only 63% of 2008. So things appear to be getting slightly less bad.


Photo Gallery: 2009 May Auto Sales - Car Sales Analysis - Automobile Magazine


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Jun
11th

US: Lexus launching first hybrid-only model

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While General Motors has axed its hybrid version of the Chevy Malibu for the 2010 model year, Toyota hopes to sell about 25,000 of its new Prius-based hybrid-only Lexus HS250 model in the United States in its first year. Full story...
Jun
11th

Chevrolet Corvette No. 1.5 million rolls off the line:

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The Chevrolet Corvette, one of top icons of America autos, has hit another milestone--1.5 million units built. Full story...
Jun
11th

US: GM axes Malibu hybrid

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General Motors has axed the slow-selling hybrid-electric version of its Chevrolet Malibu sedan for the 2010 model year and is unlikely to resume production for retail buyers. Full story...
Jun
11th

US: Bankruptcy judge wants more Delphi asset bids

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Delphi has been ordered to open up the sale of its assets to other potential bidders who could compete with an offer from private equity firm Platinum Equity. Full story...
Jun
11th

SOUTH KOREA: LG Chem starts on new Li-Ion cell plant

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LG Chem has said it will spend a trillion won (about US$800m) on a new factory to produce secondary cells for energy-saving cars. Full story...
Jun
11th

CHINA/US: New bidder emerges for Volvo Cars

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Beijing Automotive Industry Holding (BAIC) has shown interest in buying Ford's Volvo car unit, according to media reports. Full story...
Jun
11th

US: Former Michigan governor named to Chrysler board

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The trustees of the Voluntary Employee Beneficiary Association (VEBA) for retired UAW-represented workers at Chrysler have named James Blanchard as a director of Chrysler Holding. Full story...
Jun
11th

US: Government will exit automakers only when viable

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No specific timetable exists for the government to relinquish stakes in General Motors and Chrysler, a top US official has said. Full story...
Jun
11th

UK: Fiat-Chrysler alliance ‘of little benefit to Fiat’

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The Fiat-Chrysler alliance yields little potential strategic benefit for the Fiat Group, according to an equities analyst who spoke to just-auto today. Full story...
Jun
11th

FRANCE: ‘Buyer found’ for Heuliez

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French newspaper Les Echos reported today that a potential buyer has emerged for ailing niche manufacturer Heuliez. Full story...
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