General Motors on Friday (15 May) confirmed it would reduce its dealer network from 5,969 now to about 3,600 by the end of 2010, as noted in its recent S-4 filing and updated viability plan, but insisted no outlets would be sacked today.
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Chrysler LLC plans to transfer at least 92 percent of its supplier contracts to the new company to emerge from bankruptcy in an alliance with Fiat S.p.A. and pay them a total of more than $875 million, according to documents released today.
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Chrysler LLC plans to transfer at least 92 percent of its supplier contracts to the new company to emerge from bankruptcy and pay them a total of more than $875 million, according to documents released today.
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The European association - Euroda - of some 4,000 Opel/Vauxhall dealers has approved a proposal that they offer to invest in a future Opel/Vauxhall corporation
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Now that Chrysler's Chapter 11 restructuring process is well in hand, though hardly without further pain, beady eyes are now sharply focused on General Motors which has roughly two weeks to make a pact with bondholders and the United Auto Workers union or follow its smaller US rival into the hands of bankruptcy court.
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Bentleys new green car has been spied blitzing the Green Hell.
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Two influential automotive marketers have been added to the May 20 Automotive News Marketing Seminar at the Westin Bonaventure Hotel in Los Angeles.
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Two influential automotive marketers have been added to the May 20 Automotive News Marketing Seminar at the Westin Bonaventure Hotel in Los Angeles.
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Sales of used cars in Japan were down 1% in April, compared to the same month a year ago. The figure of 356,476 units was the worst for the month in 20 years, a trade organisation said.
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General Motors is expected to announce details of its U.S. dealer consolidation plans today, just over two weeks before the automaker's deadline to complete a sweeping restructuring that may include bankruptcy.
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Hayes Lemmerz International has received court approval of up to US$100m of debtor-in-possession financing, permitting it immediate access to up to $30m to continue operations in the ordinary course of business.
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There's a new special-edition Toyota Yaris - and you can have it in any colour as long as it's blue. Three shades are on offer: Ice, Carlo and Twilight.
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Supplied by sources close to Toyota, exclusive images in the current issue of the magazine reveal the MPV version of the next-generation Yaris, which goes into production in 2006. But whether or not the car comes to Britain is still hanging in the balance.
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Honda Motor's earnings will hit bottom this year than start to improve as vehicle markets pick up in the second half, CEO Takeo Fukui has said.
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Chrysler's planned alliance with Fiat passed another hurdle after the US Federal Trade Commission ruled there were no competitive issues.
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Its inevitable. With a yard full of oak trees waking from a long hibernation, randy and eager to do their springtime thing, every inch of the yard gets coated with a thick layer of yellow pollen.
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Canadian industry minister Tony Clement will head for Washington next Tuesday to discuss General Motors' restructuring efforts with the US administration.
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Here's the proof that Audi's RS3 is a racing certainty! Underneath the touring car-style bodywork of this sporty-looking model sits the running gear of the hottest A3 ever produced.
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Maruti Suzuki India has launched a 'premium' hatchback called the Ritz to do battle in a segment set to see greater competition.
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Dealers in the U.K. are getting ready for a big increase in new-car orders on Monday. That is when the country's car scrapping scheme takes effect.
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