To help curb growing anxiety over General Motors' new "participation agreement" for dealers, GM's sales chief says he will send a "letter of clarification" to dealers early next week.
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Used-vehicle prices in May registered their first year-over-year increase since October 2007, according to the latest Manheim Used Vehicle Value Index, released today. Prices rose from the prior month for the fifth consecutive time.
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Infiniti has priced its new convertible G37 coupe starting at $44,715, including destination charges. The six-speed manual-transmission G37 Convertible Sport version of the car will start at $44,765.
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Standard and Poor's is monitoring Magna International Inc.'s bid for a stake in General Motors' Opel European brand to see whether the purchase drains Magna's liquidity, SandP ratings analyst Greg Pau said today.
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Continental AG is borrowing a page from Apple's wildly successful iPhone. The German auto supplier plans to launch an "apps" store where drivers can download new telematics features to their vehicles.
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Publicis Groupe says its maximum financial exposure to its client General Motors' bankruptcy filing is $78 million.
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In today's News Brake: Saturn is sold to Roger Penske; Chrysler is poised to leave bankruptcy; and pricing details on the Infiniti G37 convertible...But Wait, There's More!
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In today's News Brake: Saturn is sold to Roger Penske; Chrysler is poised to leave bankruptcy; and pricing details on the Infiniti G37 convertible...But Wait, There's More!
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In some ways this was a hugely momentous week, historic even. In the end and after a long build up, it was perhaps something of an anti-climax when GM finally filed for Chapter 11. But it is the biggest industrial bankruptcy ever in the US.
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U.S. Sen. Bob Corker, who helped block Congress' efforts to bail out Detroit automakers in December, has introduced legislation that would ensure terminated dealers more time to cease operations and reimbursement for inventory.
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City models top choice as thousands of drivers sign up, seeing Hyundai and Kia sales surge
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Takeover could mean electric car is built abroad as Magna has yet to decide on plant
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BlueMotion tweaks give SUV better economy and CO2 emissions
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Devon GTX set for debut at Pebble Beach whilst Nürburging lap record is planned
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Firm plans second GT after 5-Series, set to go on sale in two years
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Two-seater targets R8 with stunning look and an engine shared with the imminent Lexus LF-A
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The German government is set to discuss on Monday whether to give Porsche a 1.75 billion euro ($2.5 billion) loan, said a person close to the talks, a move that could lift a question mark over the carmaker's finances.
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The German government is set to discuss on Monday whether to give Porsche a 1.75 billion euro ($2.5 billion) loan, said a person close to the talks, a move that could lift a question mark over the carmaker's finances.
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