General Motors' German unit Opel will present a business plan to the German government in coming days, responding to calls to present such a plan to obtain state guarantees, as political support for state help varies.
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The German government distanced itself today from any commitment to Opel's future, saying it would wait for the automaker to present a business plan before considering state guarantees.
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Turkish carmaker Tofas is keeping its 290 million euro ($365 million) investment plan, according to a newspaper report. Tofas is joint a venture between Italy's Fiat and Turkey's Koc Holding.
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Hyundai's Nosovice factory in the Czech Republic is Europe's newest car plant, and takes modular assembly to a new level, as Mark 'Coolbear' Bursa discovers.
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Struggling van-maker LDV has asked the government for millions of pounds in emergency loan finance to help secure its future.
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Although there were reports last week that currency and other factors had added £1,000 or so to the prices, Honda UK has nonetheless managed to pitch its new entry-level Insight hybrid SE GBP2,380 under Toyota's Prius at GBP15,490. How Toyota, with a redesigned Prius waiting in the wings will respond, remains to be seen.
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Sweden is not prepared to consider loan guarantees to Saab unless the carmaker finds a private investor to underwrite its business plan, Industry Minister Maud Olofsson said.
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Other carmakers are among the investors who have shown interest in Saab, the brand's top executive said. Saab was granted protection from creditors by a Swedish court on Feb. 20.
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Leaked photos show both the Coupe and Roadster versions in full
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A UK consumer organisation has got a reaction after an article in its magazine suggested that SUVs are becoming 'socially unacceptable'.
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Tesla Motors has issued a teaser image of its upcoming Model S sedan which will be unveiled on March 26 at the California headquarters of founder Elon Musk's other company, Space-X, which is where Tesla's design studio is located.
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Takanobu Ito, newly named as the next president and CEO of Honda Motor Co., will redouble the company's focus on research as it grapples with a global market meltdown.
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Takanobu Ito, head of global automotive operations at Honda Motor Co., has been tapped as the carmaker's next president and CEO starting in June as the company grapples with global sales declines and a strong yen.
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Romanian carmaker Dacia plans to boost production in the coming weeks to meet demand in German for its low-cost Logan car.
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Moody's Investors Service has cut its ratings on Renault into junk territory, citing the French automaker's "significantly worse operating performance" and negative free cash flow in 2008.
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General Motors executives were surprised by the speed at which Saab filed for bankruptcy last week, leaving them with few answers for anxious U.S. Saab dealers.
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General Motors would be doomed if it were unable to get the federal aid it needs to avoid bankruptcy, said one U.S.
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Ford Motor Co. will combine the field organizations of its parts and service unit and its sales and marketing unit on Sunday, March 1. Ford will cut about 50 employees in its field offices, said Ken Czubay, Ford vice president of U.S.
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Hyundai Motor America is making its successful Hyundai Assurance sales incentive more attractive and#x2014; and has laid off about 8 percent of its U.S. headquarters and regional staff.
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With 2008's dramatic fall in industry sales, Ford Motor Co. now is classifying nearly 60 percent of its U.S. dealerships as lower-volume stores serviced by telephone rather than in-person visits from field office staff.
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