GM agreed to repurchase a French powertrain plant near the eastern city of Strasbourg, it said in an e-mailed statement Monday. The factory, which employs about 1,100 people, manufactures six-speed automatic transmissions for GM and BMW AG cars.
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The economic news has been rather mixed lately. The Germans, for example, are enjoying a manufacturing-based export boom helped by the weak euro and an uptick in demand in major export markets. Daimler and BMW, in particular, are enjoying markedly better times. German industry is also helping to supply machine tools much in demand in China, where manufacturing investment remains high.
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All 31,000 members of the National Union of Metalworkers of South Africa (NUMSA) are continuing their walk out in a dispute centering on wage claims
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EDITOR WES RAYNAL: This is a lovely luxury sedan, sportier than I thought it would be, more like a Maserati Quattroporte or a Porsche Panamera than an Mercedes-Benz S-class.
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EDITOR WES RAYNAL: This is a lovely luxury sedan, sportier than I thought it would be, more like a Maserati Quattroporte or a Porsche Panamera than an Mercedes-Benz S-class.
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Aggressive incentives and ad spending have helped Nissan North America Inc. rack up a bigger sales gain this year than Asian rivals Toyota, Honda and Hyundai-Kia. Now Nissan plans more of the same.
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The vice chairman of India's top utility vehicle maker Mahindra & Mahindra, last week named the main bidder for Ssangyong Motor, will travel to Korea this week, the Indian company said at the weekend.
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Volkswagen and DRB-HICOM, one of Malaysia's largest car distributors and importers, have formed a venture to assemble and manufacture cars in the Asian country, local reports said at the weekend.
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Smaller MINI turns up the heat in storming JCW guise
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Wall Street banks led by JPMorgan Chase and Co. and Morgan Stanley stand to make a combined $120 million on General Motors Co.'s initial public offering. If it weren't for Goldman Sachs Group Inc., they could have made four times as much.
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India is emerging as one of the key Asian markets for German autoparts maker Continental Automotive. The company is planning further expansion of its operations in India by setting up couple of new facilities in the next few years.
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India is emerging as one of the key Asian market for German autoparts maker Continental Automotive. The company is planning further expansion of its operations in India by setting up couple of new facilities in the next few years.
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Volkswagen Group said on Monday it sold over 4m vehicles from January to July, up 13.7%, although it cautioned the "operating environment" was becoming difficult.
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General Motors has confirmed it will purchase the GM Strasbourg transmission development and manufacturing business from Motors Liquidation Company (MLC).
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The annual Concours d'Elegance at Pebble Beach is a chance to see some of the world's most beautiful cars, old and new.
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The annual Concours d'Elegance at Pebble Beach is a chance to see some of the world's most beautiful cars, old and new.
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India's Tata Motors said on Monday its global vehicle sales in July rose 36 percent from a year earlier to 90,646 units.
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General Motors incoming CEO Dan Akerson's biggest challenge in selling investors on the company's initial public offering may be convincing them he can revive the unprofitable European unit.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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