With an entry price under $35,000, Mercedes-Benz expects its new compact GLK SUV to have a competitive edge over four new competitors due next year.
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Industry veterans Harold Krivan and Arupa Tesolin will join a roundtable discussion at the Automotive News World Congress in Detroit. The panelists will talk about the role of innovation in auto industry sustainability on Tuesday afternoon, Jan. 20.
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Dai Ryoung Lee sits munching on a Dove bar in a crowded office filled with Asian art in downtown Los Angeles. Lee says he has no time for lunch. He's too busy trying to save his Hyundai dealership in the city's Koreatown section.
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Despite earlier disappointment in the truck business, Nissan North America Inc. is back to try again. Last week, Nissan unveiled a workhorse concept truck here that it hopes will carry it even deeper into the depressed U.S.
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Against a backdrop of plunging fuel prices, Ford is restoring two shifts and overtime production of its re-engineered 2009 F-150 pickup. With gasoline under $2 a gallon, demand for Ford's big pickup is up.
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As General Motors executives weigh the future of the disappointing Saturn division, GM is not allocating new money toward future Saturn products, according to a source familiar with GM's budget.
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Here's a big challenge for Ford Motor Co. as it seeks federal aid: Avoid the stench of death that surrounds crosstown rivals General Motors and Chrysler LLC. Ford is losing billions of dollars, and its sales have plunged nearly 21 percent this year.
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If the Detroit 3 win approval of $34 billion in emergency government loans this week, they also will get painful conditions.
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The stellar performance of Chevrolet Europe is being brought back down to earth by the market collapse. This year the brand will miss its target to sell 500,000 new cars in Europe, Chevrolet Europe Executive Director Wayne Brannon said.
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General Motors is talking to potential investors who could take partial ownership in Saab. Jan-Ake Jonsson, managing director of the Swedish brand, said GM and Saab are talking to several investors about putting money into the company.
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The loss of Volvo would have a more devastating effect on the future of Sweden as an automaking nation than the closure of Saab, Lars Holmqvist, CEO of CLEPA, the European suppliers association, said.
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As Ford Motor and General Motors consider selling their Swedish brands, Volvo's long-term future seems brighter than Saab's.
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The problems of General Motors and Ford Motor in the US have created an uncertain future for the carmakers' European operations. GM is talking to potential investors who could take partial ownership in its Saab brand.
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Automotive News Europe is taking its 2009 Congress to Brussels. Separately, the newspaper is also staging a one-day event later in the year in St. Petersburg, Russia. The annual ANE Congress will take place in Brussels June 30 to July 1, 2009.
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Jean-Christophe Quemard is worried. The PSA/Peugeot-Citroen purchasing director keeps a list of struggling partsmakers. There are 45 companies on that list. That is twice as many as last year. Quemard has good reason to be concerned.
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Auto executives expect that hundreds of partsmakers will close and thousands of supplier jobs will be lost in the coming months. This will happen as a result of massive cuts in auto production and a tightening credit market.
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Highly flexible urban car-rental programs -- sometimes called car-sharing -- exist in various cities around Europe. Now Daimler is piloting its own version in Germany.
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The economic crisis will trigger a big cut in the number of global automakers, Fiat group CEO Sergio Marchionne said.
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Honda's new Prius fighter in production form will be unveiled at the Detroit Auto Show next January. The Japanese company expects to globally sell 200,000 of them each year, and half of them will find homes in North America.
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A heightened sense of pessimism has enveloped the world of formula one following Honda's decision to withdraw.
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