Auto supplier Visteon Corp. has agreed to provide severance pay to former employees of its United Kingdom facilities in a proposal aimed at ending a dispute that has seen workers staging sit in strikes and picketing Ford Motor Co.
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Schaeffler will close a factory in France with a loss of 195 jobs, the company said at its headquarters here. The site at St. Simeon de Bressieux, near the southeastern city of Grenoble, makes timing chains for engines.
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The chairman of GAZ, a big Russian maker of commercial vehicles and passenger cars, said opportunities abound in Russia for western suppliers, despite current weakness in the market. "This is the perfect time to go in," said Erik Eberhardson.
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Volkswagen group may have overtaken Toyota Motor to become the world's top-selling carmaker in the first quarter, thanks to government incentives that fuelled demand in VW's major markets.
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Steven Rattner, the leader of the Obama administration's auto task force, was one of the investment-firm executives involved with payments now under scrutiny in a state and federal investigation into an alleged kickback scheme at New York state's...
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Volkswagen group may have passed Toyota Motor Corp as the world's top selling automaker in the first quarter, helped by robust demand in its main markets, while its Japanese rival suffered sharp declines, partial company data suggests.
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The Harper government is assuming a more flexible position towards the automotive industry. The earmarking of 145 million dollars for Automotive Partnership Canada will enhance research and development activities and create jobs in the high-tech sector.
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Richard Petty Motorsports announced today that it had signed A.J. Allmendinger for the entire 2010 Sprint Cup season. The team had recently confirmed that the former open-wheel ace would continue on through September of this year.
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Donington Park, the 2010 grand prix venue's failure to secure a new racing license by the British motor racing authority has led to races being cancelled.
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In response to Gordon Brown's call to make Britain 'a world leader' in electric cars and Government plans to incentivise the public to buy them, the technology behind the stunning-looking all-British JJAD P1-E electric sports car is to be made available to other EV manufacturers.
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The lingering effects of the differ row were still being felt in the Shanghai paddock on Friday as two teams' officials got into a war of words.
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At the 24-Hour Race on the Nürburgring on 23/24 May, Volkswagen will field two Scirocco cars with innovative natural gas engines. Following the historic one-two victory at the Dakar Rally in January, which Volkswagen won as the first automobile manufacturer using diesel technology in the event, the Wolfsburg brand is now taking on another technical challenge - the use of EcoFuel engines in the endurance test twice around the clock on the world's most demanding race track.
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The EcoDriving movement added another key supporter as New York City Mayor Michael Bloomberg became the first big city mayor to endorse the initiative. Mayor Bloomberg adds his name to a growing list of elected officials who have announced their support for the program.
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After competing at Indianapolis in 2002, veteran driver Tony Kanaan joined the IndyCar Series in 2003 with Andretti Green Racing. He started his relationship by winning the pole for the season-opening race at Homestead-Miami Speedway and the season's championship.
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Paris/Wolfsburg, 16 April 2009 - Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen AG, was named "Man of the Year 2008" by a jury of 38 representatives from France's most eminent media in Paris on Thursday.
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The WRI2 photo agency captured this very interesting photo of Ferrari Formula 1 driver Kimi Raikkonen in the paddock of the Shanghai circuit at the Grand Prix of China.
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On the fifth day of deliberation in the Helio Castroneves tax evasion trial, jurors have informed the Judge that they were unanimous on counts five and six with regards to Castroneves' employment with Team Penske in 2002 and 2003.
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A furious Flavio Briatore in Shanghai accused Formula 1's governing body of tempting another fatality by legalising 'double diffusers'.
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The number of Formula 1 cars running KERS - the Kinetic Energy Recovery System - has dropped to just five - and possibly just four for Sunday's Chinese grand prix.
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(Crewe, 17 April 2009). Bentley Motors, founding sponsor of last year's inaugural Cholmondeley Pageant of Power, will be joining this year's celebrations (July 18-19) with some more unique cars from the company's illustrious past. Bentley will also showcase the very best of contemporary British engineering, styling and craftsmanship by debuting the world's fastest production convertible.
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