The UK government's Business Secretary Lord Mandelson has admitted he wished talks with the Treasury and Bank of England on help for car financing schemes had 'gone quicker'.
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Norway's $300 billion-plus wealth fund has excluded Chinese automaker Dongfeng Motor Group from its portfolio on ethical grounds, and put German Siemens under observation, officials said on Friday.
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German Chancellor Angela Merkel said today the government had a political responsibility to try to help struggling General Motors unit Opel.
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Heavily indebted German bearings maker Schaeffler Group has won more time from creditor banks to restructure itself, two sources familiar with the situation told Reuters on Thursday.
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Subaru of America said Tomohiko Ikeda, who steered the automaker to the industry's only U.S. sales gain last year, is being promoted to a senior post in Japan.
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Toyota Motor Corp. plans to develop a new low-price hybrid car aimed at undercutting rival Honda Motor Co.'s Insight, the Nikkei business daily reported on Friday.
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Subaru of America is promoting Tomohiko Ikeda, who steered the automaker to the industry's only U.S. sales gain last year, to a senior post in Japan.
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Germany overtook the U.K. in February to become Ford of Europe's biggest European sales market, the company said today. Ford sold nearly 10,000 more cars in Germany than in the U.K. last month.
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Workers in a small French town hurled eggs and insults at managers on Thursday to protest the closure of a tire plant by German car parts group Continental that would eliminate 1,120 jobs.
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Germany overtook the U.K. in February to become Ford of Europe's biggest European sales market, the company said today. Ford sold nearly 10,000 more cars in Germany than in the U.K. last month.
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Toyota plans to develop a new low-price hybrid car aimed at undercutting rival Honda's Insight, the Nikkei business daily reported on Friday.
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Germany overtook the U.K. in February to become Ford of Europe's biggest European sales market, the company said today. Ford sold nearly 10,000 more cars in Germany than in the U.K. last month.
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Toyota Motor Corp. plans to develop a new low-price hybrid car aimed at undercutting rival Honda Motor Co.'s Insight, the Nikkei business daily reported on Friday.
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Automobili Lamborghini has released the first photographs of a limited edition Murciélago LP 650-4 Roadster. The Roadster version of the Murciélago will offer an uprated 6.5 litre V12 engine that produces 650 hp along with permanent four-wheel drive: hence the model's LP 650-4 moniker. With 660 Nm of torque, top performance is at 0-100km/h in 3.4 seconds. The top speed is around 330 Km/h.
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Automobili Lamborghini has released the first photographs of a limited edition Murciélago LP 650-4 Roadster. The Roadster version of the Murciélago will offer an uprated 6.5 litre V12 engine that produces 650 hp along with permanent four-wheel drive: hence the model's LP 650-4 moniker. With 660 Nm of torque, top performance is at 0-100km/h in 3.4 seconds. The top speed is around 330 Km/h.
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Just as the Brawn GP Formula 1 car's sterling test pace is surprising, so too is the apparent struggle of reigning world champion Lewis Hamilton's employer McLaren.
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Talks about Michael Schumacher's expiring Ferrari contract will only take place in the summer, according to his long-time agent Willi Weber.
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Four-time World Rally Champion Sebastien Loeb holds the overnight lead of the Cyprus Rally after a dominating performance through the opening day's asphalt stages in his Citroen C4 WRC.
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OTTAWA -- A new safety regulation is being proposed, requiring that Electronic Stability Control (ESC) be installed as standard equipment on all light-duty vehicles for sale in Canada, beginning September 1, 2011.
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John Boyd, a licensed crew member for the No.23 R3 Motorsports team in the Nationwide Series, has been indefinitely suspended from NASCAR for violating the sanctioning body's substance abuse policy.
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