Chrysler is poised to hand its media planning and buying account to Interpublic Group of Cos.' Universal McCann if final contract terms are reached, two executives with knowledge of the situation said today.
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Aston Martin has set the base price for the Rapide in the United States at $199,950. For just less than $200,000, you'll get a Bang and Olufsen sound system, heated memory seats and an active suspension system.
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American Axle and Manufacturing Holdings Inc. says it could raise as much as $500 million through a new stock offering of at least 14 million new common shares and an upcoming private sale of new secured bonds due 2017.
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American Axle and Manufacturing Holdings Inc. says it could raise as much as $500 million through a new stock offering of at least 14 million new common shares and an upcoming private sale of new secured bonds due 2017.
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An uptick in retail used-vehicle sales helped stabilize used-vehicle prices in November, data released today by the nation's two largest auction companies show.
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An uptick in retail used-vehicle sales helped stabilize used-vehicle prices in November, data released today by the nationand#8217;s two largest auction companies show.
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House leaders crafted a bill over the weekend that would provide third-party arbitration for rejected General Motors Co. and Chrysler Group dealerships using criteria more favorable to dealers than those proposed by the automakers last week.
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In News Brake: Volkswagen will bring an Up with electric power to the United States, Mopar muscle will remain true in Europe, and a review of the Lexus LX 570 . . . But Wait, There's More!
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Volkswagen AG on Monday announced it had taken a 49.9% stake in Porsche AG, saying a further milestone had been reached on the way towards an integrated automotive group with the luxury sportscar and SUV specialist.
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General Motors on Monday said it would invest US$336m in its Detroit-Hamtramck assembly plant to begin production of the Chevrolet Volt electric car, with extended-range capabilities, in 2010. The plant initially will also build Opel/Vauxhall Ampera variants for Europe although production of those is expected eventually to shift across the Atlantic, possibly to the Vauxhall plant in Ellesmere Port, north west England, though a final decision has not been made.
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A lot got overshadowed in last week's GM-dominated headlines. No surprise, for example, that American Honda is on its way to overtaking Chrysler as No. 4 in U.S.
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France's strategic investment fund (FSI) is not yet ready to invest in manufacturer Heuliez's electric vehicle project as new owner Bernard Krief Consulting (BKC) has not met necessary guarantees. The FSI had planned to invest 10 million euros ($14.
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A consortium dominated by Swedish owners is ready to submit a cash bid for Volvo, the group's CEO said. "We have told Ford that we are ready to submit a cash bid and that we have investors backing this," Peder Fast, Konsortium Jakob AB's CEO, said.
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A consortium dominated by Swedish owners is ready to submit a cash bid for Volvo, the group's CEO said. "We have told Ford that we are ready to submit a cash bid and that we have investors backing this," Peder Fast, Konsortium Jakob AB's CEO, said.
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VW took another step in its integration with Porsche SE after acquiring a 49.9% stake in its sports car business for 3.9 billion euros ($5.8 billion).
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General Motors Co. will spend $336 million so its Detroit-Hamtramck assembly plant can produce the Chevrolet Volt hybrid electric car starting late next year.
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General Motors on Monday said it would spend $336 million on upgrades to the Hamtramck plant near downtown Detroit to build the Chevrolet Volt hybrid car.
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Daimler's German workforce, fearing more cars could be shifted to foreign plants just days after management decided to build a key model in its Alabama facility instead of in Sindelfingen, has demanded job guarantees until 2020, a media report said.
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