Carlos Ghosn, CEO of Nissan Motor Co. and Renault SA, said on Tuesday he would not resign from his post at the Japanese automaker at least until it was back making profits.
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Bob Sinclair, the American marketing executive who pushed Saab to design more-luxurious cars and created one of the Swedish automakers most iconic vehicles--the 900 Convertible--died on May 10 at his home in Santa Barbara, Calif.
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Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash.
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Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash.
Full story...
Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash.
Full story...
Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash.
Full story...
Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash.
Full story...
Volkswagen Chairman Ferdinand Piech favors VW CEO Martin Winterkorn over Porsche boss Wendelin Wiedeking to run a combined VW/Porsche group.
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Volkswagen should play the lead role in any merger with Porsche Automobil Holding SE, the chairman of VW said in his first public comments on talks to fuse Europe's biggest automaker with the luxury sportscar group.
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British engineering company Tomkins said on Tuesday first-half trading was set to remain weak and that its end-markets will stay challenging throughout 2009, although the pace of decline should slow in the second-half.
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General Motors has declined to give an assurance about the future of the company's Vauxhall brand. Fiat group's plan to merge its car business with GM European operations has raised fears for the future of GM's Vauxhall unit in the U.K.
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Hayes Lemmerz International Inc. said on Monday it filed for Chapter 11 bankruptcy protection. The company said lenders holding a majority of its secured debt have reached an agreement regarding a restructuring of the company's debt.
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Wheel maker Hayes Lemmerz International Inc. said on Monday it filed for Chapter 11 bankruptcy protection, the company's second bankruptcy filing over the past decade.
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Bob Sinclair, the American marketing executive who pushed Saab to design more luxurious cars and created one of the Swedish automaker's most iconic vehicles -- the 900 Convertible -- died Sunday at his home in Santa Barbara, Calif.
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General Motors stock plunged to a 76-year low today, a day after a group of its executives disclosed they had sold shares in the struggling automaker.
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General Motors stock plunged to a 76-year low today, a day after a group of its executives disclosed they had sold shares in the struggling automaker.
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Six General Motors executives disclosed on Monday they sold almost $315,000 in stock and liquidated their remaining direct holdings in the struggling automaker. In filings with U.S.
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Chrysler LLC's lawyers have taken the unusual step of asking a judge to give their fees special priority, which attorneys on the case said suggests unsecured claims such as trade debts won't be paid.
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Ford Motor Co. said today that it would sell 300 million common shares and use part of the proceeds to pay off its health-care obligations to the UAW under the terms of a recently concluded deal with the union.
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General Motors plans to sell cars in the United States that it makes in China, starting in 2011. That could make GM the first major automaker to import Chinese cars to the U.S. market.
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