Valeo's annual meeting on Tuesday was marked by controversy as shareholders followed a supervisory recommendation to vote against the awarding of a "golden parachute" to former CEO Thierry Morin. The company will have to try to recover the 3.
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Swiss auto parts and textiles company Rieter may consider breaking up its business into separate parts as its battles plummeting demand, its CEO was quoted as saying on Wednesday.
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Valeo on Tuesday said there were signs that destocking by carmakers was coming to an end but confirmed a gloomy outlook for 2009 amid an unprecdented industry crisis."
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Valeo on Tuesday said there were signs that destocking by carmakers was coming to an end but confirmed a gloomy outlook for 2009 amid an unprecdented industry crisis."
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PSA/Peugeot-Citroen has established a 40-person task force in its purchasing division to monitor financial problems at suppliers.
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U.S. auto parts makers need at least $8 billion to $10 billion in additional federal aid to preserve the supply base and stave off more than 100 company insolvencies by 2010, a trade group told U.S.
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A few lines, dark but distinguished images, Bentley is using all the tricks in the visual marketing book to herald the imminent arrival of its Grand Bentley, a high luxury vehicle that will replace the soon-to-expire Arnage.
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The partnership between Ford Motor Company and Hydro-Québec, which was made official a few days ago, is just one step by the American automaker on the trail of plug-in hybrids and even fully-electric vehicles.
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As it was the case with the Brabham name last week, Group Lotus have distinguish themselves from the group that has submitted an entry for next year's F1 World Championship.
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DEARBORN, Mich., June 10, 2009 - Esquire magazine editors evaluated nearly a dozen significant new cars - using some unique subjective criteria - before naming the 2010 Taurus SHO as its inaugural Car of the Year. The article appears in the magazine's July issue, on newsstands today.
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Munich. In market conditions that remain difficult, the BMW Group sold 109,042 BMW, MINI and Rolls-Royce brand automobiles worldwide in May. This sales decrease of -18.3% was more moderate than in most of the previous months. A total of 487,906 (prev.yr.: 618,734 / -21.1%) vehicles were sold in the first five months of the year.
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LOS ANGELES, -- The all-new Devon GTX - the first vehicle from California-based industrial design house Devon MotorWorks (DMW) (devonmotorworks.com) dynamically blends artistic forms with undeniable performance capabilities to create a package worthy of consideration as America's next great supercar.
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DETROIT - At the June meeting of the Greater Atlanta Automotive Media Association, Karen Rafferty, Chevrolet Product Marketing Director, today announced the recent production of the 1,500,000th Corvette at GM Bowling Green Assembly.
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On May 29, GM announced that we will build a future small, fuel-efficient car in the United States utilizing an existing UAW-GM assembly plant that is currently on standby capacity status. The assembly plants in consideration are Orion (Michigan), Spring Hill (Tennessee) and Janesville (Wisconsin).
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From today, customers at a Shell service station will become the first in the world to fill their tanks with gasoline containing advanced biofuel made from wheat straw.
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The works Peugeot 908 HDI FPA turbo diesel prototypes were fitted with a new front bodywork when they were unveiled for scrutineering at Le Mans.
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According to a famous German motor racing figure and former Formula 1 driver, car manufacturers involved in formula one might be better off withdrawing and serving only as engine suppliers.
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Chrysler Group LLC and Fiat Group announced today that they have finalized their previously announced global strategic alliance, forming a "new" Chrysler that has the resources, technology and worldwide distribution network required to compete effectively on a global scale. The new Chrysler will begin operations immediately.
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Stuttgart - 2009 is a year in which Mercedes-Benz celebrates several anniversaries in the safety field: in August 1939 the safety pioneer Béla Barényi started his work in Sindelfingen. He invented for example the principle of the crumple zone, a trailblazing innovation which entered series production at Mercedes-Benz in 1959.
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As Chrysler Group LLC prepares to begin operations, the new company formed in alliance with Fiat announced an organizational restructuring to focus on the Chrysler, Jeep(R), Dodge and Mopar(R) brands. The new leaner, flatter structure is intended to restore brand promise and dealer confidence. All appointments are effective immediately.
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