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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The Maserati GranTurismo could soon be going topless, as spy shooters have caught a convertible version of the hot Italian sports car in testing on the Nürburgring.
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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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There appears to be a slight glimmer of hope for fans of the Saturn Sky and the Pontiac Solstice.
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In today's News Brake: Helio Castroneves has a great weekend at Indy; Fritz Henderson warns that a GM bankruptcy is more likely; and the Honda Insight is off to a fast start in Japan . . . But Wait, There's More!
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States are carefully monitoring Chrysler LLC's bankruptcy case for its possible impact on workers' compensation funds.
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General Motors is open to considering moving its headquarters from Detroit, selling U.S. plants and renegotiating its restructuring plan with its major union as it heads toward probable bankruptcy, CEO Fritz Henderson said today.
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Research company Frost & Sullivan (F&S) estimates that the European market for electric vehicles (EVs) could potentially grow to 480,000 units by 2015. However, it cautions that more government support is needed - on both the supply and demand side.
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General Motors is arguing with its key labour union over plans to shut US plants and outsource production to Mexico and Asia as bankruptcy looms, union sources have said.
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New GT TDI diesel coupé uses Golf GTD engine to offer improved economy and lower emissions
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New GT TDI diesel coupé uses Golf GTD engine to offer improved economy and lower emissions
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A 10-member General Motors bondholder committee has said GM's offer of 10 percent equity would have to be "materially improved" to get any approval of a substantial number of unsecured bondholders, a source familiar with the committee's strategy...
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BMW is hoping for big things from its new small 4x4. This spyshot is the first to reveal the showroom-ready X1, which will share much of its engineering with the forthcoming MINI Crossman.
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Insignia coupé one of 20 all-new models, as green technology becomes key to bosses’ plans.
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Coupé could get electric motor running off lithium-ion batteries – to produce first performance hybrid
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Cutting-edge A8 fitted with self-drive cameras spied on test
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The new company resulting from the merger of Volkswagen and Porsche will be based in Wolfsburg or Hannover, Spiegel magazine reported.
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