General Motors will give more than $2.5 billion of the $3.6 billion needed for Platinum Equity to gain control of the automaker's bankrupt former parts supplier Delphi Corp., the Wall Street Journal said, citing a source.
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General Motors will give more than $2.5 billion of the $3.6 billion needed for Platinum Equity to gain control of the automaker's bankrupt former parts supplier Delphi Corp., the Wall Street Journal said, citing a source.
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The sale of bankrupt Chrysler LLC to a group led by Italy's Fiat S.p.A.. was upheld by a U.S. appeals court Friday, but the deal is expected to be appealed to the Supreme Court by a group of investors.
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A U.S. federal appeals court today will hear arguments that Chrysler LLC's sale to a group including Italy's Fiat S.p.A. and the U.S. government violates long-standing bankruptcy law and should not be allowed to go forward.
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Tata Motors, the Indian automaker that owns Jaguar and Land Rover, plans to bring the car known as the world's cheapest to the United States within three years. David Good, a U.S.
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Tata Motors, the Indian automaker that owns Jaguar and Land Rover, plans to bring the car known as the world's cheapest to the United States within three years. David Good, a U.S.
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Mitsubishi Motors Corp. has priced its new electric vehicle at and#165;4.38 million, or $45,660 at current exchange rates, and wants EVs to account for 20 percent of its global output by 2020.
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India's Tata Motors hopes to offer the Nano, dubbed the world's cheapest car, in the United States within two years, its chairman said.
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All U.S. customers of the new Chrysler to emerge from bankruptcy will be covered by "lemon law" rights under an agreement reached by the company and Fiat S.p.A. with states led by Iowa.
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Beijing Automotive Industry Holding (BAIC) has mandated PricewaterhouseCoopers to advise on a possible takeover of Opel, a source familiar with the situation said on Thursday.
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Mitsubishi Motors Corp. has priced its new electric vehicle at and#165;4.38 million, or $45,660 at current exchange rates, and wants EVs to account for 20 percent of its global output by 2020.
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Kia plans to invest 110.5 million euros into building a new engine plant in Slovakia, a government document says. The document, posted on the government Web page, said the company had applied for a tax break worth 15 million euros for the plan.
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General Motors' factories in Russia will be transferred to Opel under the control of a Russian-backed consortium led by Magna Interational, the head of Sberbank said. Sberbank is planning to take a 35 percent stake in Opel.
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Magna International plans to improve Opel's annual earnings by $3.3 billion over the next five years as part of a business plan to take over the European carmaker, the Frankfurter Rundschau newspaper reported. A forecast $2.
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Russia's Sberbank and iMagna International will give Opel a 500 million euro ($708.4 million) cash injection to help the automaker save jobs while totally restructuring its assets abroad.
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Beijing Automotive Industry Holding (BAIC) has mandated PricewaterhouseCoopers to advise on a possible takeover of Opel, a source familiar with the situation said on Thursday.
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Mitsubishi Motors Corp. has priced its new electric vehicle at and#165;4.38 million, or $45,660 at current exchange rates, and wants EVs to account for 20 percent of its global output by 2020.
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Minnesota dealer and auto entrepreneur Denny Hecker filed for personal bankruptcy Thursday, climaxing a seven-month collapse of his auto empire.
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Minnesota dealer and auto entrepreneur Denny Hecker filed for personal bankruptcy Thursday, climaxing a seven-month collapse of his auto empire.
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BLAINVILLE, QC - The Government of Canada today announced that road users in Canada will benefit from $14.2 million in improvements at Transport Canada's Motor Vehicle Test Centre in Blainville, Quebec.
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